Economics

Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale

Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.

Online Exclusive: How chemical manufacturers can navigate inflation

2021 was a bounce back year for chemicals M&A after the challenges of COVID-19. Both deal value and volume returned to historical highs, surpassing pre-pandemic levels.

PDVSA pauses oil-for-debt shipments to Europe, wants product swaps

Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for future cargoes.

Mexico's Pemex requests $6.5 B more funding for 'Dos Bocas' refinery

Pemex requested this week almost $6.5 B in additional funding from the government to pay for works at the 'Dos Bocas' refinery this year.

History of the HPI: The 1990s: Clean fuels and emissions mitigation, M&A, GTL and the fieldbus wars

Nichols, Lee, Hydrocarbon Processing Staff

Much like several initiatives passed in the 1970s and 1980s, the 1990s were a decade heavily focused on environmental issues, with many new regulations being enacted to not only mitigate industrial and vehicle emissions but also to advance the production of clean fuels globally.

Russia's Novoshakhtinsk refinery fully resumes operations

The Novoshakhtinsk oil refinery in Russia's southern Rostov region has fully resumed operations after it was struck by drones in June.

India cuts fuel export taxes, hikes tax on local crude

India has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification said.

Online Exclusive: How chemical manufacturers can navigate inflation

At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.

The downstream rundown: In case you missed it 7/29

In case you missed any downstream news, here are the top stories from last week.

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.