Industry News

Saudi Aramco aims to buy Reliance stake

Saudi Aramco is planning a blockbuster investment in Reliance Industries, the Indian conglomerate said as the Saudi energy giant diversifies its business, where weaker oil prices cut its first-half profit by 12%.

Refinery CDUs back to normal operations

Motiva Enterprises returned two crude distillation units (CDUs) back to normal operations at its 607,000 barrel per day (bpd) Port Arthur, Texas, refinery, the nation’s largest.

Shell's Norco, Louisiana chem plant, refinery finishing overhauls

Royal Dutch Shell Plc is restarting the Gas Olefins Unit 1 (GO 1) at its Norco, Louisiana, chemical plant, sources familiar with plant operations said.

Regulator approves oil refinery construction, with environmental conditions

The environmental regulator for Mexico’s oil industry said it had approved the construction of a refinery for state oil company Pemex, but imposed conditions to mitigate the environmental impact of the $8 billion project.

India's Chennai Rapid Growth Threatened by Water Shortages

In Chennai, a coastal city of about 10 million and the capital of Tamil Nadu state, rapid development and rampant construction have overtaxed a once-abundant natural water supply, forcing the government to spend huge sums to desalinate sea water, bring water by train from hundreds of miles away and deploy an army of water trucks to people whose household taps have suddenly run dry.

Trafigura Begins Shipping Permian Crude via Plains' Cactus II

US EPA grants 31 small refinery waivers from biofuel laws, angering corn lobby

The U.S. Environmental Protection Agency (EPA) has granted 31 small refinery biofuel waivers for 2018, infuriating the ethanol and corn producers

Iraq says Eni, BP deal doesn't mean Exxon excluded from southern mega-project

Iraq’s oil ministry said it was still in talks with U.S. energy giant ExxonMobil over a major deal to improve the country’s southern oil infrastructure.

Teledyne completes acquisition of gas and flame detection business

Teledyne Technologies Incorporated announced the successful completion of the previously announced acquisition by Teledyne of the gas and flame detection business

Ribbon cutting ceremony celebrates renewable natural gas facility

Aria Energy, a Michigan-based renewable energy company recently celebrated a ribbon cutting ceremony for their newest Renewable Natural Gas (RNG) facility at the Waste Connections-owned Butler County Landfill in David City, Neb. on Friday, July 26.

Air Products acquires gasification business and technology

Air Products announced it has completed the acquisition of General Electric Company’s (“GE”) gasification business from GE Power. Financial terms of the transaction are not being disclosed.

Shell considers solar panels to power Singapore refinery site

Royal Dutch Shell is considering to install solar panels to power its Bukom refining site in Singapore.

Marathon's Galveston Bay, Texas reformer may restart by weekend

Marathon Petroleum Corp may restart a reformer at its 585,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, by the end of the week, sources said.

Asia jet fuel premiums at highest seasonal peak since 2013, but may soon fade

Asian jet fuel buyers are paying the highest cash premiums for this time of year since 2013 amid a short-term supply shortage.

Confidence in New Permian Pipelines Lifts WTI Crude Prices Above Expectations

U.S. West Texas Intermediate (WTI) crude in Midland traded in positive territory for the first time in more than a month on expectations a new Permian pipeline will begin operation soon, traders said.

Lineal Delivers $3.9 Million Project to Camber Energy

Camber Energy's recently acquired Lineal Industries subsidiary has been awarded a new contract for reconstruction of a 2,000-foot section of natural gas pipeline in southwestern Pennsylvania.