ExxonMobil Corp. has restarted the fluid catalytic cracker (FCC) at its 155,000-b/d refinery in Torrance, Calif., after more than a year following a Feb. 15, 2015, explosion and ensuing fire shuttered the unit. Source: News
Whitecap Resources to buy certain Saskatchewan assets from Husky
Whitecap Resources Inc., Calgary, has agreed to acquire certain assets in southwestern Saskatchewan from Husky Energy Inc., Calgary, for $595 million (Can.). The sale is subject to regulatory approval. Source: News
EIA: US crude inventories drop 3.4 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, fell 3.4 million bbl from the previous week’s average, according to the US Energy Information Administration’s latest Petroleum Status Report. Source: News
MARKET WATCH: NYMEX oil prices volatile on Canada, Libya, Nigeria production issues
Light, sweet crude prices gained more than $1/bbl, reversing losses from the day before, in volatile trading as analysts and traders weighed the consequences of various production outages worldwide against lingering oil oversupply levels. Source: News
European approach to climate helps explain Trump win
Anyone baffled by Donald Trump’s success might find enlightening a message from Europe delivered at the Brookings Institution in Washington, DC, on May 3. Source: News
Pferdehirt appointed CEO of FMC Technologies
Douglas J. Pferdehirt has been named president and chief executive officer of FMC Technologies Inc. effective Sept. 1. Source: News
Matthews, Wheatley named co-heads of TPH & Co. Canadian unit
Richard Matthews and Derek Wheatley have been named co-heads of Canada for Tudor, Pickering, Holt & Co. Securities-Canada. Source: News
Al Kaabi becomes UAE’s OPEC governor
Ahmed Mohammed Al Kaabi has been named UAE’s governor for the Organization of Petroleum Exporting Countries (OPEC). Source: News
Book examines links between energy, North American economic growth
More closely coordinated Canadian, Mexican, and US government policies may have a bigger impact than energy technology breakthroughs on North America’s future economic growth, speakers generally agreed May 10 during a discussion at the Woodrow Wilson International Center for Scholars. Global market integration potentially could be more beneficial than exploiting regional advantages caused by lower […]
Avdeev named CFO for DEA Deutsche Erdoel
Dmitry Avdeev has been named chief financial officer for DEA Deutsche Erdoel AG, Hamburg, effective Aug. 1. Source: News