Economics
Sasol boosts Lake Charles ethane cracker price estimate by $2.1 B
Petrochemicals company Sasol Ltd. raised the price tag of its US ethane cracker project to $11 B from $8.9 B.
CIMIC Group issues update on Gorgon LNG lawsuit
Australia’s CIMIC Group Ltd. released a statement yesterday about a Notice of Dispute the company issued in February relating to the Gorgon LNG Jetty and Marine Structures Project.
China targets teapot oil refineries in tax crackdown
China's crackdown on alleged tax evasion in the oil industry will target independent refineries and follows complaints by state energy giants.
Column: China's fuel exports less worrisome than crude costs for refiners
China's booming fuel exports have contributed to a structural lowering of margins for the region's refiners, but fluctuations are still mostly linked to crude prices.
ExxonMobil defends handling of Torrance refinery outage
ExxonMobil is defending its handling of an outage at its Los Angeles refinery following a blast in February 2015 after a prominent trading company told a state commission that the process had lacked transparency.
NAC acquires Swiss Heights Engineering, Bellelli Group and Petrochem Industrie Group
NAC Global Technologies Inc. finalized its acquisition of Swiss Heights Engineering, a company that owns the Bellelli Group and Petrochem Industrie Group.
LNG slump, cost cutting spur rare output curb at Australian plant
Spending cuts and weak global liquefied natural gas prices have forced the operator of the Gladstone LNG project in Australia to consider running the plant at less than full tilt.
Westlake receives regulatory approval to acquire Axiall
Westlake have received all regulatory approvals required for the acquisition of Axiall Corp., including clearance from both the US and Canadian competition authorities.
Mexico announces launch of cap-and-trade pilot program
Mexico will launch a year-long simulation of a cap-and-trade program in November as a test run for a national carbon market expected to launch in 2018.
Icahn urges EPA to change renewable fuel credit market
Billionaire investor Carl Icahn has called on the top US environmental regulator to make changes to a market for renewable fuel credits or else risk "the mother of all short squeezes" that could bankrupt refiners.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
