David D. Powell has been named chief financial officer and executive vice-president of Cobalt International Energy Inc., Houston. He replaces Shannon E. Young III. Source: News
EIA: US crude stockpiles down 2.2 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 2.2 million bbl during the week ended July 1 compared with the previous week’s average, according to the US Energy Information Administration’s latest Petroleum Status Report. Source: News
EIA: US crude stockpiles down 2.2 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 2.2 million bbl during the week ended July 1 compared with the previous week’s average, according to the US Energy Information Administration’s latest Petroleum Status Report. Source: News
Petrobel lets Zohr pipeline, well contract
Belayim Petroleum Corp. (Petrobel) has let an engineering, procurement, construction, and installation (EPCI) contract to Saipem for work in the accelerated development of Zohr natural gas field offshore Egypt. Source: News
Petrobel lets Zohr pipeline, well contract
Belayim Petroleum Corp. (Petrobel) has let an engineering, procurement, construction, and installation (EPCI) contract to Saipem for work in the accelerated development of Zohr natural gas field offshore Egypt. Source: News
PBF Energy closes deal for California refinery, related assets
PBF Holding Co. LLC, a subsidiary of PBF Energy Inc., Parsippany, NJ, has completed its acquisition of ExxonMobil Corp.’s 155,000-b/d Torrance, Calif., refinery, and related logistics assets. Source: News
PBF Energy closes deal for California refinery, related assets
PBF Holding Co. LLC, a subsidiary of PBF Energy Inc., Parsippany, NJ, has completed its acquisition of ExxonMobil Corp.’s 155,000-b/d Torrance, Calif., refinery, and related logistics assets. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices gain moderately pending inventory
Crude oil prices gained about 85¢ on the New York and London markets July 6 pending release of the weekly US crude and products inventory report, which was delayed a day later than normal because of the July 4 holiday. Source: News
Petro Rabigh’s refinery due new units
Rabigh Refining & Petrochemical Co. (Petro Rabigh), a joint venture of Saudi Aramco and Sumitomo Chemical Co., has let a contract to KT-Kinetics Technology SPA, a subsidiary of Maire Tecnimont SPA, Milan, to complete a clean fuels project at Petro Rabigh’s 400,000-b/d refinery and chemicals complex in the port city of Rabigh on the Red […]
McKinsey: Cars, petrochemicals in oil-market ‘tug of war’
Demand for liquid hydrocarbons will become a “tug of war between growth the petrochemical sector and declining demand from passenger cars,” predict analysts at McKinsey & Co. in a report suggesting oil demand might peak in 2030. Source: News