Americas
Traders clear Europe's tanks by shipping more gasoline to US
LONDON (Reuters) -- Traders are shipping more gasoline from Europe to the US East Coast ahead of the summer driving season as a steady reduction in inventories there props up prices.
Alpek to acquire PetroquímicaSuape, Citepe from Petrobras
MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it obtained all necessary corporate approvals to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for $385 MM. This amount is payable on the closing date for the two companies on a debt-free basis, and is subject to adjustments in working capital, among others.
Pemex eyeing tie-ups for hydrogen plants at refineries
MEXICO CITY (Reuters) -- Mexico's state oil company Pemex is planning to form alliances around hydrogen plants at its refineries, Pemex chief Jose Antonio Gonzalez Anaya said on Tuesday.
BridgeTex owners seek more than $300 MM from shipper
HOUSTON (Reuters) -- Plains All American Pipeline and Magellan Midstream Partners filed an amended breach of contract lawsuit seeking more than $300 MM in damages from Stampede Energy over an oil transport deal, according to court documents.
US district court dismisses lawsuit against Flotek
HOUSTON -- Flotek Industries Inc. announced that the US District Court for the Southern District of Texas has granted Flotek's motion to dismiss the securities class action that had been filed against the company in the US District Court for the Southern District of Texas.
Brazil's black market pipeline: Gangs hijack Petrobras' oil, fuel
RIO DE JANEIRO (Reuters) -- In September, police investigating a wave of killings in the northern Rio de Janeiro suburbs followed a tip to the isolated scrubland near the massive Duque de Caxias oil refinery.
US East Coast refiners profit on winter gasoline at expense of summer stocks
NEW YORK (Reuters) -- The US East Coast gasoline market looks set to begin the summer driving season with fewer barrels in storage than last year, as refiners have been profiting by producing winter grade gasoline longer than usual, trading sources said.
ChemChina, IPP team to supply turn-key chlor-alkali plants
PRINCETON JUNCTION, New Jersey and BEIJING -- International Process Plants (IPP) and ChemChina's Bluestar (Beijing) Chemical Machinery Company, Ltd. (BCMC) announce a partnership for IPP to provide new chlorine alkali plants designed and built by BCMC to industries around the world.
BP, DuPont JV Butamax announces acquisition of ethanol facility in Kansas
Butamax Advanced Biofuels LLC, a 50/50 JV between BP and DuPont, combining expertise in fuels with industrial biotechnology, announced the acquisition of Nesika Energy, LLC and its ethanol facility in Scandia, Kansas. Butamax will now start the engineering work to add bio-isobutanol capacity to the facility, while continuing to produce ethanol before and after adding this capacity.
Brazil's Braskem must face US lawsuit over Petrobras scandal
NEW YORK (Reuters) -- Brazilian petrochemical company Braskem SA must face the main part of a shareholder lawsuit over its role in a massive bribery scandal that engulfed Brazil's state-owned oil company Petrobras SA, a US judge has ruled.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
