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Americas

White House deregulation push clears out hundreds of proposed rules

WASHINGTON (Reuters) — The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint.

US fines ExxonMobil over Ukraine-related sanctions violations

WASHINGTON (Reuters) — The US Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 MM for violating sanctions on Russia in May 2014.

Brent oil climbs above $50 for first time since early June

LONDON (Reuters) — Brent crude oil rose above $50/bbl for the first time since early June on Thursday, adding to gains made the previous session when falling US crude and oil product inventories lifted the market.

SemGroup completes acquisition of Houston Fuel Oil Terminal Company

TULSA, Okla. — SemGroup Corporation announced the closing of its acquisition of Houston Fuel Oil Terminal Company (HFOTCO) from investment funds managed by Alinda Capital Partners. HFOTCO, one of the largest oil terminals in the US, establishes SemGroup’s position in the premier energy market, the Houston Ship Channel, and provides a strategic platform to refinery-facing growth.

PetroChina unloading first Chinese purchase of oil from US strategic reserves

SINGAPORE (Reuters) — PetroChina is this week unloading the first Chinese purchase of crude oil from US strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources.

Tesoro fuel transport via Pemex lines in Mexico could begin in Sept

MEXICO CITY (Reuters) — US refiner Tesoro Corp could begin transporting gasoline and diesel through the pipeline network owned by Mexico's national oil company Pemex in September, an executive with the Mexican firm said on Wednesday.

IRPC Americas '17: Best practices should not be sacrificed for cost and schedule

HOUSTON—Stephen L. Cabano, President of Pathfinder LLC, spoke on the recognition vs. application of best practices for capital projects on the second day of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Americas 2017.

IRPC Americas '17: FCC process history driven by war, competition

HOUSTON—Phillip Niccum, Senior Vice President, Process Engineering for KP Engineering, opened the second day of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Americas 2017 with a keynote talk on the history and development of the fluid catalytic cracking (FCC) process.

MHI completes large-scale 2-train polyethylene plant for Exxon

Mitsubishi Heavy Industries America, Inc. (MHIA), a fully owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has completed the construction of a large-scale two-train polyethylene plant in the US.

BP mulling IPO of US Midwest and Gulf Coast pipeline assets

(Reuters) — BP Plc is considering an initial public offering of its vast US Midwest and Gulf Coast pipeline assets, the company said on Tuesday, a move that would raise cash.