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Americas

Buffett's Berkshire rejects fossil fuel proposal, shareholder says

(Reuters) -- Warren Buffett's Berkshire Hathaway Inc will urge shareholders to reject a proposal by a Nebraska nonprofit that it sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years, the nonprofit said on Tuesday.

White House denies Trump order on biofuels program pending, markets roiled

(Reuters) -- The White House on Tuesday denied that President Donald Trump planned to issue an executive order to change the national biofuels program, after the US Renewable Fuels Association (RFA) said Trump's team had informed the group an order was pending.

Wood Group appoints new senior leadership in downstream

HOUSTON – Wood Group has appointed two senior managers to lead Downstream operations in the western region. Troy Norvell assumes leadership of The Infinity Group, which was acquired by Wood Group in December 2015. Bo Stanley will lead Wood Group’s chemical, petrochemical, refinery and industrial activities.

RFA: Trump to shift biofuel blending burden off refiners

(Reuters) -- The head of the Renewable Fuels Association said on Tuesday that US President Donald Trump's administration would lift the responsibility for fuel blending off refiners, which had long requested this change to the nation's biofuel program.

Enbridge and Spectra Energy complete merger

CALGARY, ALBERTA -- Enbridge Inc. announced the completion of the previously announced stock-for-stock merger transaction to acquire all of the outstanding common stock of Spectra Energy Corp.

OxyChem, Mexichem announce startup of JV ethylene cracker in Texas

INGLESIDE, Texas — Ingleside Ethylene, LLC, the 50/50 JV between Occidental Chemical Corporation, a subsidiary of Occidental Petroleum Corporation, and Mexichem, S.A.B. de C.V., announced that its ethylene cracker at OxyChem’s Ingleside, Texas, complex began operations on schedule and on budget. The ethylene cracker is currently in a production stabilization phase.

RFA, Department of Commerce host program to match US ethanol sellers, international buyers

SAN DIEGO — For the second consecutive year, the Renewable Fuels Association is partnering with the US Department of Commerce’s International Trade Administration to host an International Buyer Program (IBP) at the National Ethanol Conference. The program is designed to introduce US ethanol sellers to foreign buyers in an effort to expand US exports.

KBR awarded revamp contract for Korean ethylene plant

HOUSTON -- KBR, Inc. announced it has been awarded a technology licensing and basic engineering design (LBED) revamp contract by LG Chem for its Ethylene Plant at Daesan, South Korea.

Texas Legislature files resolutions supporting delegation of federal energy regulations to state

AUSTIN -- The chairmen of the Texas House and Senate energy committees filed two concurrent resolutions this week calling on the federal government to work with Texas in unraveling the regulations that were implemented during President Barack Obama’s administration, impacting the oil and gas industry.

EPA admin: Aggressive cuts to Obama-era green rules to start soon

(Reuters) -- US President Donald Trump's administration will begin rolling back Obama-era environmental regulations in an "aggressive way" as soon as next week, the head of the Environmental Protection Agency said on Saturday -- adding he understood why some Americans want to see his agency eliminated completely.