Europe
Oil tanker firm DHT Holdings rejects another bid by rival Frontline
OSLO (Reuters) -- Tanker firm DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline, calling the $500 MM all-share bid "woefully inadequate."
Total halts production at Feyzin refinery in France due to strike
PARIS (Reuters) -- French oil and gas company Total said on Friday it was gradually shutting down production at its 117,000-bpd Feyzin refinery and petrochemical platform near Lyon in the east of France due to a strike.
PKN ORLEN, Siemens to take part in an EU energy research project
PKN ORLEN is going to implement a project funded under the Horizon 2020 EU framework program. The funding will enable the Company to take part in a project aimed at field testing solutions within existing high-efficiency cogeneration infrastructure.
Total and Erg get four bids for Italy petrol stations
MILAN (Reuters) -- Total and energy group Erg have received four bids for the Italian petrol station network they jointly own, three sources close to the matter said.
Mediterranean diesel diffs at 21-month high on tight supplies
LONDON (Reuters) -- A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.
Fire hits Lukoil refinery in Russia's Urals
MOSCOW (Reuters) -- A fire erupted at a refinery of Russia's No. 2 oil producer Lukoil in the city of Perm in the Urals region, a local branch of the company, Lukoil Permnefteorgsintez, said on Friday.
Amec Foster Wheeler signs extension to BP master service agreement
LONDON -- Amec Foster Wheeler’s completions and commissioning company, qedi, has signed an extension of its global Master Service Agreement with BP, which it has successfully delivered since 2012.
Oil rebounds from near 2017 lows on falling US crude stocks
LONDON (Reuters) -- Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in US crude stocks, reviving bullish sentiment about easing oversupply.
TechnipFMC awarded EPC contract for sulfate reduction plant in Abu Dhabi
LONDON, PARIS, HOUSTON — TechnipFMC has been awarded by Zakum Development Company an Engineering, Procurement and Construction contract for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE).
UK oil lobby warns May post-Brexit tariffs could double trade costs
LONDON (Reuters) -- The cost of Britain's oil and gas trade with the rest of the world could nearly double if the country fails to agree new tariffs when it leaves the European Union, the country's oil lobby group has warned Prime Minister Theresa May.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
