Crude oil
Holly and Frontier merge to create HollyFrontier
Holly Corp. and Frontier Oil Corp. have merged. Factoring in various variables, it can be safely interpreted that the new company has an enterprise value of $7 billion.
Total sells stake in Spanish company to Abu Dhabi entity
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. IPIC, a wholly owned entity of the Abu Dhabi government, is currently a shareholder of CEPSA with a stake of 47.06%.
US refining margins improve, but some refineries remain at risk
During the fourth quarter of 2010, US refining industry performance improved relative to the prior quarter. While the US Gulf Coast crack spreads were somewhat lower in the fourth quarter, the light-heavy crude oil price differential (LLS-Maya) continued to favor refineries with heavier crude slates.
Mubarak exits stage right
What will this mean for IOCs doing business in the region?
New licensing agreement makes a wastewater splash
GE has completed a new expanded licensing agreement that will allow the company to continue offering high-efficiency reverse osmosis (HERO) systems to help more of its industrial customers increase their water usage efficiency and reuse capacity as the international community works to address mounting shortages of clean water.
Slurry-phase hydrocracking—possible solution to refining margins
Opportunity crudes require more hydrogen addition to upgrade orphan product streams into higher-value ‘clean’ products
Convert bottom-of-the-barrel into diesel and light olefins
Integrating residue hydrocracking operations with advanced fluid catalytic cracking optimizes upgrading of heavy crude oils
What are the future fungible transportation fuels?
Alternatives hold promises to decrease dependence on crude oil, but they also uncover other challenges in distribution and engine use
Minimize carbon footprint from Claus tail-gas units
Reevaluate emissions efficiencies on sulfur-removal operations
HP Viewpoint: Consumer protection is a key issue for E15
NPRA wants to be sure that adding greater amounts of ethanol to gasoline is safe and will not cause engine damage
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
