Americas
Petrobras settles US lawsuit with The Vanguard Group
SAO PAULO (Reuters) — Brazil's state-run oil company Petróleo Brasileiro SA on Monday said its board has approved a settlement to end an United States-based lawsuit opened by some affiliates of The Vanguard Group, one of its largest shareholders.
HUG '17: Honeywell Process Solutions Users Group meeting
Honeywell Process Solutions (HPS) is holding media/analyst briefings each day of their Honeywell Users Group 2017 meeting.
Chevron Phillips marks milestone of its $6 B US Gulf Coast petchem project
Chevron Phillips Chemical Company LP announced that the two polyethylene (PE) units of its $6 B petrochemical investment on the US Gulf Coast successfully achieved the major milestone of mechanical completion.
US top court hands Chevron victory in Ecuador pollution case
WASHINGTON (Reuters) — The US Supreme Court on Monday handed a victory to Chevron Corp by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment issued against the oil company by a court in Ecuador.
Velocys commercial-scale biorefinery plans move forward
Velocys plc announced that the US Department of Agriculture (USDA) has invited Velocys to submit a Phase II Application to obtain a loan guarantee for a commercial-scale biorefinery. This invitation was made after a successful Phase I Application process. The loan guarantee could apply to up to $200 MM of debt as part of the total installed cost of the project.
Kinder Morgan Canada raises $4.6 B as Trans Mountain faces block
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd has raised $4.16 B for its Trans Mountain pipeline expansion and could have raised even more, the company said on Friday, despite pressure on banks to back away from the project.
Fire at Mexico's Salina Cruz refinery has been put out
MEXICO CITY (Reuters) — A fire that completely shut down Mexico's Salina Cruz oil refinery has been put out but operations have yet to be restarted, state-owned petroleum company Pemex said on Friday.
MMEX Resources announces plans for initial 10 Mbpd Permian Basin refinery
AUSTIN, TEXAS — MMEX Resources Corp., a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced an agreement with Crown Bridge Partners, LLC for an issuance of up to $3 MM of equity securities, as well as plans to build a 10,000 bpd crude distillation unit near Fort Stockton, Texas as an initial unit for the $450 MM, 50,000 bpd Pecos County refinery project announced by MMEX earlier this year.
Flowchem sale to specialty chemicals company KMG completed
NEW YORK — Arsenal Capital Partners completed the previously announced sale of its portfolio company Flowchem, a manufacturer of pipeline performance products, to KMG, a global provider of specialty chemicals, for $495 MM.
Shareholders approve all-share offer by Wood Group for Amec Foster Wheeler
Shareholders of Wood Group and Amec Foster Wheeler overwhelmingly approved Wood Group’s recommended all-share offer for Amec Foster Wheeler. The deal remains subject to relevant clearances from competition authorities in certain countries where both companies operate. It is expected that the transaction will complete in the fourth quarter of 2017.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
