Economics
EIA: Crude price differentials a factor as refining profits converge
Refinery earnings were lower in Q2 2016 compared with the same time last year and are converging among different locations globally.
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65% of their actual cost during the 2016/17 fiscal year.
Emerson to acquire valves & control business from Pentair
Emerson has signed an agreement to purchase the valves & controls business of Pentair for $3.15 B.
California sale of carbon permits falls short
California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction.
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.
- Samsung C&T and Axens partner to accelerate global deployment of CCUS projects with advanced DMX™ technology 2/24
- Yokogawa and CMC Solutions sign global sales and service agreement for predictive emission monitoring systems for industry 2/24
- Update on Asian refinery maintenance/turnarounds and outages 2/24
- NOVA Chemicals commercializes two new recycled polyethylene grades 2/24
- Verso Energy to use Honeywell UOP tech for seven eSAF projects 2/24
- Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7-B pipeline deal 2/24
