Americas
Jacobs completes CH2M acquisition
DALLAS and DENVER — Jacobs Engineering Group Inc. announced the completion of its acquisition of CH2M via a cash and stock transaction.
TransMontaigne Partners acquires two refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that it has completed the previously announced acquisition of the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P.
McDermott, CB&I to combine in $6 B transaction
HOUSTON and THE WOODLANDS, Texas — McDermott International, Inc. and CB&I announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and market leading technology portfolio.
Petrobras enters binding phase for sale of two fertilizer units
RIO DE JANEIRO (Reuters) — Brazil’s state-run oil company Petroleo Brasileiro said on Tuesday it has begun the binding phase for the sale of two fertilizer units, Araucaria Nitrogenados SA and Unidade de Fertilizantes Nitrogenados III.
Oil rises on UK pipeline outage but US supply caps gains
LONDON (Reuters) — Oil edged up towards $64/bbl on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies after a missile was fired by a Yemeni group at the Saudi capital.
Inter Pipeline to build Canada’s first integrated PDH, PP complex
CALGARY, Alberta — Inter Pipeline Ltd. announced that its board of directors has authorized the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant.
Alaska oil companies settle dispute over Trans-Alaska Pipeline tariff charges
ANCHORAGE, Alaska (Reuters) — The state of Alaska will receive hundreds of millions of dollars in a settlement with oil companies over the value of North Slope crude oil shipped through the Trans-Alaska Pipeline (TAP), officials announced.
EIA: US biodiesel production still increasing despite expiration of tax credit
Through the first nine months of 2017, US biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender's tax credit at the end of 2016.
Cuba takes over Venezuela stake in refinery JV
HAVANA/HOUSTON (Reuters) — Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said on Thursday.
Grace to acquire polyolefin catalysts business
COLUMBIA, Md. — W. R. Grace & Co. signed an agreement to acquire the Polyolefin Catalysts business of Albemarle Corporation for $416 MM. The transaction is expected to close in the first quarter of 2018, subject to regulatory approvals and other customary closing conditions.
- China's Shandong raises fuel oil import tax rebates for some refineries 7/3
- Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI 7/3
- Digital Feature: Flare system design—The importance of periodic evaluation of existing facilities 7/2
- Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal 7/2
- EIA: U.S. crude and gasoline inventories rise, distillates draw down 7/2
- Indonesia's Pertamina seeks spot gasoline, including Singapore cargoes 7/2
