Americas
Hastings Equity ventures into downstream sector, acquires Specialty Welding and Turnarounds
HOUSTON -- Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy services and equipment companies, is pleased to announce its seventh Fund III platform investment in Specialty Welding and Turnarounds, LLC.
White House meeting on Paris climate deal postponed
WASHINGTON (Reuters) -- A White House meeting that was to help determine whether the United States should withdraw from the Paris climate accord has been postponed, an administration official said on Tuesday.
Loblaw to sell gas station business for $402 MM
(Reuters) -- Canadian grocery and pharmacy retailer Loblaw Cos Ltd said on Wednesday it would sell its gas station business to asset manager Brookfield Business Partners LP for about $402.17 MM.
Petrobras opposes Brazil plan to boost biofuels after selloff
SAO PAULO (Reuters) -- Brazil's state-controlled oil company Petróleo Brasileiro SA has expressed strong opposition to a government-led program to increase the use of biofuels following its recent decision to completely withdraw from the sector.
Parkland Fuel to buy Chevron Canada's downstream fuel business
(Reuters) -- Chevron Corp, the second-largest US-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp, a marketer of petroleum products, for $1.09 B.
E. Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts
NEW YORK (Reuters) -- Philadelphia Energy Solutions Inc, the largest refiner on the US East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday—a sign that the impending start of the Dakota Access Pipeline is upending trade flows.
Sentry Equipment acquires Cobra Sampling, based in Houston
OCONOMOWOC, Wis. – Sentry Equipment, a global provider of representative sampling and analysis technologies, announced that it has acquired Cobra Sampling, Inc., a gas and liquid sampling and service provider based in Houston, Texas.
Miami electric car dealer sees opportunity in Cuban gas shortage
HAVANA (Reuters) -- An electric car dealer with a Miami subsidiary is telling Cuba-based diplomats struggling with a gasoline shortage on the Communist-run Caribbean island that they should fret no longer.
ClearSign secures follow-on order from California refinery
SEATTLE -- ClearSign Combustion Corporation, a provider of industrial combustion technologies that help to reduce emissions and improve efficiency, announced that it has secured a follow-on commercial order from a California-based refinery following Duplex technology's pilot with the company late last year.
BP accuses Monroe Energy of wrongfully terminating contract
NEW YORK (Reuters) -- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, costing the oil major at least $59 MM in damages, according to a federal court filing.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
