Americas
Nustar to modify, expand South Texas pipelines as Valero seeks more Eagle Ford crude
NuStar Energy has entered into an agreement with Valero in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils.
BASF, Quantiam form catalytic coatings business
BASF has formed a new start-up business with Alberta, Canada-based manufacturing technology firm Quantiam Technologies, seeking to commercialize advanced catalytic surface coatings for steam cracker furnace tubes.
US oil policy changes could create 1.4mn jobs – API
US oil and natural gas policy changes could generate more than 1.4 million new jobs, $800 billion in additional government revenue, and 10 million bbl worth of added daily oil and natural gas production by 2030, according to a study by Wood Mackenzie released by the American Petroleum Institute (API).
Sunoco to exit refining, seek sale of two US units
Sunoco plans to exit the refining business and has begun a process to sell its refineries located in Philadelphia and Marcus Hook, Penn., the company said on Tuesday.
NOVA inks deals for Marcellus Shale ethane supply, delivery to Canada cracker
NOVA Chemicals has entered into three agreements to help revamp its Corunna cracker in Ontario, Canada, to utilize up to 100% natural gas liquids (NGL) feedstocks.
US Gulf oil production remains 60% shut after Lee
Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs following Tropical Storm Lee, with more than half of oil production still shut in.
Eastman acquires Brazil plasticizer firm Scandiflex
Eastman Chemical has acquired Scandiflex do Brasil S.A. Indústrias Químicas, a manufacturer of plasticizers located in Mauá, São Paulo, Brazil. The acquired Scandiflex plasticizer business and manufacturing capabilities are now part of Eastman’s performance chemicals and intermediates (PCI) segment.
Murphy Oil to sell La. refinery to Valero for $625mn
Murphy Oil has agreed sell its 125,000 bpd refinery and related assets in Meraux, Louisiana, to Valero for $325 million in cash plus the value of hydrocarbon inventory, putting the overall sale value near $625 million.
Tyco buys specialty firm Chemguard for $130mn
Tyco International completed its $130 million acquisition of Chemguard, a leading provider of fire suppression products and specialty chemicals. Founded in 1984 and based in Mansfield, Texas, Chemguard's fire suppression portfolio includes an extensive line of foam concentrates, firefighting hardware and engineered foam systems for a broad range of industrial applications.
Halliburton files Gulf oil spill lawsuit against BP
Halliburton on Thursday filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the Deepwater Horizon incident on April 20, 2010.
- OC Global signs MoU with Passo Fundo for greenfield ammonia plant in Brazil 8/8
- India's E20 fuel rollout marked by widespread criticism 8/8
- Argentina's YPF to invest $400 MM in sustainable jet fuel venture 8/8
- South African tax authorities extend jet fuel lifeline to airports 8/8
- MOL Group successfully completes another SAF and HVO production test 8/8
- India approves $3.4-B payout to state-run refiners for cooking gas losses 8/8
