Economics
Calumet Specialty Products to sell Superior refinery, related assets
INDIANAPOLIS — Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuels products, announced that it has signed definitive agreements to sell the ownership of its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding Corporation, a wholly owned unit of Husky Energy.
Andeavor unit to buy Western Refining Logistics for $1.5 B
(Reuters) — US pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP for $1.5 B as it seeks to expand into the Permian Basin in Texas and New Mexico.
US senators urge Trump to avoid blockade of Venezuela oil shipments
WASHINGTON (Reuters) — Four US Senate Republicans from oil refining states urged the Trump administration on Thursday to not block oil shipments from Venezuela as part of US sanctions against the country, saying it could raise costs for US fuel consumers.
Australia antitrust regulator raises flags on BP Woolworths petrol buyout
(Reuters) — Australia's antitrust regulator said on Thursday it was concerned BP Plc's plan to buy the petrol stations of grocery giant Woolworths Ltd would hurt competition, a sign it may block the $1.4 B deal.
Vietnam refinery operator plans $84 MM IPO, eyes 49% strategic sale
HANOI (Reuters) — Vietnam's sole refinery operator Binh Son Refining (BSR) plans to sell 4% of its shares in an initial public offering in November and to sell another 49% of its shares to strategic investors next year, its chairman said on Thursday.
Brazil likely to create ethanol import quota, tax imports above it
SAO PAULO (Reuters) — The Brazilian government is likely to adopt a quota system for ethanol imports, allowing 600 MM liters into the country per year free of tax and imposing a 20% tariff on volumes in excess of that quota, cane industry group Unica said on Monday.
Brazil court issues injunction suspending fuel tax hike
SAO PAULO (Reuters) — A Brazilian federal court in Rio de Janeiro state issued an injunction late on Thursday suspending a tax hike on fuels, saying the government decision is unconstitutional.
US oil refiner HollyFrontier's profit tops estimates
(Reuters) — US oil refiner HollyFrontier Corp on Wednesday reported a quarterly profit that handily beat analysts' estimates, helped by higher production and refinery margins.
Rethinking the risk mitigation process and revitalizing operational safety
For the past 2 yr, oil prices have been in free-fall. At the time of writing, the WTI price is around $50/bbl, up slightly since OPEC’s May 2017 announcement to extend its September 2016 production cut of 2.2%.
Plug the metering skills gap to ensure measurement accuracy and safety
In all sectors of industry, the measurement of flow is of vital importance. However, in an industry that is cutting costs, what impact will a growing skills gap have on meter management and accuracy of measurement?
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- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
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- Phillips 66 announces $2.4-B capital budget for 2026 12/15
