Economics
Axens files proposal to acquire Heurtey Petrochem
Axens has filed a voluntary takeover bid proposal with the AMF (French capital markets authority) to acquire the shares of Heurtey Petrochem.
BP to vigorously defend against Marathon suit
BP said it would vigorously defend itself against a federal civil suit by Marathon Petroleum alleging that it had failed to deliver a Texas oil refinery in the condition promised under a $2.4-B sales agreement.
US federal agencies ask for another pipeline construction pause
The US Army and Departments of Interior and Justice asked the company building the Dakota Access pipeline to voluntarily halt construction within 20 miles of a contested section of the proposed route.
Philadelphia Energy Solutions laying off nonunion workers
Philadelphia Energy Solutions Inc. has begun laying off nonunion workers at its Philadelphia refinery after the company fell short of a goal of trimming its workforce through voluntary buyouts.
Marathon sues BP for breach of contract in Texas oil refinery sale
Marathon Petroleum Corp. alleged BP failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4-B sales agreement signed in 2012, according to a federal lawsuit.
US Federal appeals court hears arguments over Dakota Access pipeline
Three federal appeals judges in Washington, DC, heard arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where the Standing Rock Sioux and other tribes say the project will desecrate sacred land.
New China refinery faces delay as Myanmar seeks extra oil tax
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation.
Royal Dutch Shell signs MOU with Iran's National Petrochemical
Royal Dutch Shell signed a preliminary memorandum of understanding with Iran’s National Petrochemical Co. for cooperation in the petrochemical industry.
Norway LNG workers agree to wage deal, avoid strike
Workers and employers at three plants serving Norway's energy industry agreed a wage deal early on Friday, avoiding a strike that could have cut gas supplies to Britain.
BP to set up fuel stations in India, challenge state refiners
Global oil major BP plans to open up to 3,500 fuel stations in India, becoming the second overseas firm drawn to rising demand for gasoil and gasoline in the world's fastest growing major economy.
- 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
