Crude oil
Oil futures drop on Feb. 24 leaving behind a 28-month high
As MarketWatch reported in a piece yesterday, Crude oil traded as high as $103.41 a barrel Thursday, Feb. 24, as supply disruptions in Libya and fears of contagion among other countries in the Middle East and North Africa spooked investors
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
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
