U.S.
Marathon Petroleum's profit beats as volume boost offsets weak refining margins
Marathon Petroleum beat second-quarter profit estimates, as higher volume of crude processing and a strong midstream segment helped offset low refining margins, sending the shares of the top U.S. refiner up 4.9% before the bell on Tuesday.
OCI Global to sell its clean ammonia project in Texas (U.S.) to Woodside Energy for $2.35 B
OCI Global has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI’s 1.1-MMtpy clean ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Flint Hills Resources to build solar farm to help power Corpus Christi refinery operations
Flint Hills Resources has announced it will be building its second company-owned solar installation to help power its U.S. refinery operations.
Chevron announces headquarters relocation to Texas
Chevron Corp. oration has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas.
Verbio launches ethanol production at its biorefinery plant in Iowa (U.S.)
Verbio has commenced the commercial production of corn-based ethanol at its biorefinery facility in Nevada, Iowa.
Chevron reports 2Q earnings miss on weak refining margins
Chevron reported 2Q earnings on Friday that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices, sending its shares down 1.5% in premarket trading.
Motiva continues repairs on Texas FCC (U.S.)
Motiva Enterprises was continuing repairs to the shut gasoline-producing fluidic catalytic cracker at its 626,000-bpd Port Arthur, Texas refinery on Wednesday
Canada's crude oil has an increasingly significant role in U.S. refineries
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports.
JetBlue to buy sustainable jet fuel for use at JFK airport
JetBlue Airways has agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp, which would be distributed by energy firm World Kinect for use in flights from New York's JFK airport.
EIA: U.S. refining capacity increased in 2023 with expansions and existing facilities
U.S. refining capacity increased in 2023 for the second time since the COVID-19 pandemic, according to the U.S. EIA’s annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity totaled 18.4 MMbpd at the start of 2024, a 2% increase compared with the start of 2023.
- SICK and Endress+Hauser join forces in process automation 1/7
- H2 Global Energy to develop a $6-B green ammonia project in Tunisia 1/7
- Cleanova adds to its industrial filtration portfolio with acquisition of Allied Filter Systems 1/7
- Exxon sues California AG, environmental groups over attacks on recycling efforts 1/7
- Port of Açu and Yamna announce land reservation agreement for green ammonia plant in Brazil 1/7
- Canada's Suncor says oil and gas production rose in 4Q 1/7
