Americas
California would increase fuel taxes under $52-B road repair plan
SACRAMENTO, Calif. (Reuters) -- California would increase gasoline taxes and other transportation-related fees for the first time in decades to fund an ambitious $52 B plan to repair the state's sagging infrastructure under a deal announced Wednesday.
Mexico's Pemex to launch coking plant tender for Tula refinery
MEXICO CITY (Reuters) -- Mexican state oil company Pemex expects to launch a tender in the next few weeks to find a partner to develop and operate a new coking plant at its Tula refinery, a $2.1 B project designed to boost output of gasoline, a company source said.
AFPM Base Oils & Waxes ’17: Spotlight on a growing part of the industry
SAN ANTONIO -- For the first time, the International Bases Oils & Waxes (BOW) Conference was held in parallel with another AFPM conference.
Crude spill hits Jose oil terminal in Venezuela
HOUSTON/CARACAS (Reuters) -- Operations at Venezuela's main oil-exporting port Jose were hit by a crude oil spill on Tuesday, union sources and shipping agents told Reuters.
Troubled California oil refinery puts PBF's turnaround skills to the test
HOUSTON (Reuters) -- An aging California refinery is testing PBF Energy Inc's reputation as a turnaround whiz, with mounting production woes and costly repairs at the 88-year-old plant throwing a wrench into efforts to quickly revive profits.
BP sees trading benefits from oil boom in the Americas
LONDON (Reuters) -- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant US, Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said.
Trump signs order sweeping away Obama-era climate policies
WASHINGTON (Reuters) -- US President Donald Trump signed an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court.
Dow completes construction of ethylene production site in Texas
FREEPORT, Texas – The Dow Chemical Company announced the completion of the construction phase of its new ethylene production facility in Freeport, Texas. The Company reached this milestone within one week of the originally planned date, which was set approximately two years ago. Dow’s ethylene unit is now progressing through the commissioning phase, with start-up expected by mid-year.
AFPM IPC ’17: State of the Petrochemical Industry – A Wild Ride?
SAN ANTONIO -- The first morning of AFPM’s International Petrochemical Conference featured a session on the State of the Petrochemical Industry.
EIA: US crude oil exports went to more destinations in 2016
In 2016, US crude oil exports averaged 520,000 bpd, 55,000 bpd (12%) above the 2015 level, despite a year-over-year decline in domestic crude oil production. Even though oil exports have increased, growth in US crude oil exports has slowed significantly from its pace from 2013 to 2015, when annual US crude oil production grew rapidly.
- 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
