Refining

Consortium to purchase CB&I from McDermott

A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.

Russia's Tuapse oil refinery suspends processing due to low margins

Shell's Q3 refining margins drop sharply

Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.

Iraq's Kerbala refinery non-operational due to maintenance

Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.

Eni may sell more stakes in renewable, biofuel units retaining majority

Italy's Eni will decide about additional stake sales in its renewable and biofuel units, its CEO said, keeping in mind that it wants to list them on the stock market and retain the majority of their capital.

U.S. distillate fuel oil demand will increase in the fall due to agricultural harvest

The U.S. Energy Information Administration (EIA) expects distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops.

Exxon's deal with unions at Port Jerome refinery to allow job-cutting plan to move ahead

Energy major ExxonMobil can move ahead with a plan to cut jobs at its Port Jerome refinery in northern France after obtaining a majority agreement this week with unions.

Singapore's middle distillates stocks snap three-week fall

Singapore's middle distillates inventories rebounded to a three-week high after falling for three consecutive weeks.

BCCK and Carbon Clean sign agreement to deliver carbon capture solutions across U.S.

BCCK and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to customers across the U.S.

IMI to supply valves to world’s first net-zero carbon emissions ethylene cracker

IMI has won the contract to supply an innovative package of transfer line and decoke valves for the world’s first net-zero carbon emissions ethylene cracker, located in Canada.