Refining
Neste Oil and ADNOC partner in VHVI base oils
Finland's Neste Oil and Abu Dhabi National Oil Co. (ADNOC) have entered into a partnership concerning very high viscosity index (VHVI ) base oils.
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
Researchers find enzyme cocktail to improve biofuel processing
Virginia Tech researchers announced a discovery of a new method simplify the conversion of biomass into fuels.
Study confirms viability of Jatropha plant oil for power generation
SG Biofuels and Brookhaven National Laboratory (BNL) have released results of a study revealing the performance and emissions benefits of using Jatropha oil as a drop-in replacement for diesel fuel in industrial furnaces used for electric power generation and industrial heating
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.
Shell, Vitol and Helios reach agreement on African downstream businesses
Shell today announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helios Investment Partners for a total consideration of some $1 billion
Shell receives offer for Stanlow refinery in the UK
Shell today confirmed it has received an offer from Essar Energy to buy its 272,000 bpd Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3 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%.
Atlas Inspection Technologies expands across US
Atlas Inspection Technologies, a Seattle-based provider of remote visual inspection solutions for the industrial and manufacturing sectors, announced further expansion across North America.
15 groups seek to bar EPA funding for E15
NPRA, the National Petrochemical & Refiners Association, was one of 15 organizations signing a letter to the leadership of the US House of Representatives supporting a measure by Rep. John Sullivan (R-Oklahoma) that would bar the Environmental Protection Agency (EPA) from using federal funds to cover EPA costs involved with increasing the amount of ethanol in gasoline from the current 10% to 15%.
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
- INA nears completion of €700-MM Rijeka refinery upgrade project 12/29
- Topsoe’s advanced technology selected for a SAF and renewable diesel project in Uruguay 12/29
- DHL and CMA CGM accelerate decarbonization of ocean freight with joint biofuel initiative 12/29
- Prysmian and Versalis partner on new, innovative chemical recycling process 12/29
