Refined Products – Page 20

TC Energy to Sell Ontario Natural Gas-Fired Power Plants for US $2.18 Billion

July 31, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 TC Energy to sell three natural gas-fired power plants to Ontario Power Generation subsidiary for USD $2.18 billion TC Energy Corporation (stock ticker: TRP), an energy infrastructure company based out of Calgary, has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Limited, to sell interests in three Ontario natural-gas

Company Responsible for Last Year’s Merrimack Valley Gas Explosions Settles Lawsuit for $143 Million

July 29, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Columbia Gas and parent company NiSource will allocate a total of $1 billion to address the needs of affected communities Columbia Gas of Massachusetts, in conjunction with its parent company NiSource (stock ticker: NI), has reached a $143 million settlement in relation to last September’s Merrimack Valley natural gas explosion that

Petrobras Offering of Fuel Unit Prices at 24.50 Reais Per Share: Sources

July 24, 2019

From Reuters Brazilian state-run oil company Petroleo Brasileiro SA has relinquished control of the country’s biggest fuel distributor in a share offering, pushing ahead with a privatization drive under new Chief Executive Roberto Castello Branco. The offering of Petrobras Distribuidora SA was priced at 24.50 reais per share, according to two sources with knowledge of the matter. Final pricing implied

$728-Million Award for Vantage Drilling Upheld by U.S. District Court - Oil & Gas 360

Petrobras to Privatize Brazil’s Top Gas Seller in $2 Billion Share Sale

July 23, 2019

From Reuters Brazilian state-run oil company Petroleo Brasileiro SA is set to relinquish control of the country’s biggest fuel distributor in a share offering due to be priced late on Tuesday, pushing ahead with a privatization drive under new Chief Executive Roberto Castello Branco. Each of Branco’s three predecessors discussed privatizing Petrobras Distribuidora SA. The share offering of the gas

New Biz Dev Boss at Delek US

July 15, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Daryl Schofield named EVP of business development at Delek US Holdings Delek US Holdings (stock ticker: DK), a downstream subsidiary of the Israeli-based Delek Group, has hired Daryl Schofield as the company’s new executive vice president of business development. Schofield, who will join Delek this August, has more than 35 years

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

July 11, 2019

From Reuters An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s output, and 1.2 billion cubic feet

New Tax Breaks Planned for Mexico’s Indebted Pemex

July 11, 2019

From Reuters The Mexican government will propose an additional tax reduction for heavily indebted state oil company Pemex [PEMEXF.UL] in the nation’s 2020 budget, President Andres Manuel Lopez Obrador said Thursday, the latest measure to strengthen the company. Lopez Obrador has pledged to revive Pemex, whose $106 billion debt is the largest for any oil company in the world. In

Chevron Phillips and Qatar Petroleum Team Up Again

July 10, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 New $8 billion project would include 2,000 KTA ethylene cracker Petrochemical company Chevron Phillips – equally owned by Chevron Corporation and Phillips 66 – has formed another joint venture with Qatar Petroleum (QP), this time to build an $8 billion petrochemical plant in the Gulf Coast region of the United States.

Delek Names New SVP of Investor Relations

July 10, 2019

Delek US Holdings Names Blake Fernandez SVP of Investor Relations

Philadelphia Refinery Closing Reverses Two Years of U.S. Capacity Gains

July 9, 2019

From Reuters The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. Philadelphia Energy Solutions has said it will shut its 335,000 barrels per day (bpd) refinery this summer after a June 21 fire tore

U.S. Refinery Capacity Breaks 1981 Record

July 2, 2019

Marathon is now largest U.S. refiner, Valero second largest Not only is the United States upstream sector producing crude oil at record levels, the EIA has released its annual report for U.S. refining capacity, and the refining sector is breaking its own records. Source: EIA As of January 1, 2019, U.S. operable atmospheric crude oil distillation capacity was a record-high

Aramco to Collaborate With S-Oil on $6 Billion Steam Cracker - Oil & Gas 360

Saudi Aramco to Collaborate With S-Oil on $6 Billion Steam Cracker

June 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Inauguration of new facilities includes MoU to build new cracker by 2024 Saudi Aramco joined South Korea’s S-Oil this week to inaugurate the latter company’s new petrochemical facilities: the residue upgrading complex and olefin downstream complex. The new refineries have boosted S-Oil’s petrochemical portion from 8% to 13%, including the production

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