Economics
Obama says US mulling alternate routes for North Dakota pipeline
President Barack Obama said the US government is examining ways to reroute an oil pipeline in North Dakota as it addresses concerns raised by Native American tribes protesting against its construction.
EU regulators halt review of Dow, DuPont deal, await data
EU antitrust regulators have halted their scrutiny of the $130-B merger of Dow Chemical and DuPont after the companies failed to provide crucial data.
TotalErg pump network sale hangs on refinery deal
France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.
INEOS O&P USA implements vertical integration strategy through WL Plastics acquisition
INEOS O&P USA has acquired 100% of the shares of WLP Holding Corp., one of the largest high density polyethylene pipe manufacturers in North America.
EIA: US summer gasoline consumption sets new high
The consumption of US finished motor gasoline reached a new high of 9.7 MMbpd in June 2016, surpassing the previous one-month high of 9.6 MMbpd set in July 2007.
China firm seeks state financing for $5.5-B Caribbean oil project
Commodity trader Guangdong Zhenrong Energy Co. is in talks to secure funding for a $5.5-B plan to upgrade a Caribbean oil refinery and build a natural gas terminal, giving China a foothold in a strategic oil hub.
Mozambique expects Eni decision on LNG investment this year
Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year.
Idemitsu says still unable to talk to founding family on Showa Shell takeover
Japanese refiner Idemitsu Kosan Co. said it was still unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu.
Saudi crude will continue to be supplied to PKN ORLEN refineries
PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.
Use a mixed-solvent process to boost lube base oil yields and profitability
Through research and development (R&D), the commercial application of a mixed-solvent (MS) approach using a mixture of different co-solvents resulted in higher lube raffinate yields without affecting the lube oil quality.
- Indonesia allocates 15.65 MM kiloliters of biodiesel for 2026 12/23
- Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal 12/23
- China's teapots boost Russian ESPO buying amid record discounts 12/23
- Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs 12/23
- Asia oil floating storage seen declining on lower exports, China buying 12/23
- Gazprom in talks with Hungary's MOL over NIS stake sale 12/23
