Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
Fossil fuel companies risk wasting up to $2.2 trillion in the next decade by pursuing projects that could be uneconomic in the face of international action to limit climate change, UK-based financial think-tank Carbon Tracker Initiative ...
Tags: Fossil Fuel, natural gas, oil shale, oil sands
Dry bulk shipowners are heading toward 2016 with the prospect of one fewer cargo option on the key loading region of the US Gulf Coast, as new environmental legislation introduced by Beijing this summer could mean China will no longer be ...
Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...
Tags: Alaska LNG, TransCanada, oil revenues
Axalta Coating Systems has announced that Ms. Lori Ryerkerk has joined the company’s Board of Directors. Ms. Ryerkerk is Executive Vice President, Global Manufacturing for Royal Dutch Shell (Shell), based in the U.K., where she is ...
Tags: Axalta Coating Systems, Shell, refining
ExxonMobil Chemical has delayed a 5 cents/lb November polyethylene increase for buyers in the US and Canada, multiple market sources said Monday. A buyer source said ExxonMobil would attempt to implement the 5 cents/lb increase in ...
Tags: Exxonmobil, Polyethylene, Sources
The three-member Texas Railroad Commission on Tuesday accepted the findings of the commission staff that two oil and gas wastewater disposal wells were not the likely cause of a series of earthquakes that shook parts of North Texas in late ...
Tags: Injection Wells, earthquakes, Shale gas
R&P and Shanghai Hop Zenith Chemical Trading have inked a memorandum of understanding (MoU) for floating a joint venture to set up a unit in China for production and distribution of Thermoplastic PolyOlefin (TPO) compounds for the ...
Tags: automoblie manufacture, auto parts
BASF and ExxonMobil Research and Engineering Company (EMRE) have concluded an agreement on EMRE’s FLEXSORBTM technology. The agreement provides BASF with the right to sublicense the technology and supply the related solvent to third ...
Tags: BASF, ExxonMobil, Gas Treatment Technology
China this week issued the first round of oil product export quotas for 2015, with volumes totaling 9.75 million mt, industry sources said Wednesday, January 14. This is significantly more than the roughly 8 million mt of quotas that were ...
Tags: Oil Export, Crude Oil
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend an ...
ExxonMobil has announced that Chevrolet has chosen Mobil 1 motor oil as factory fill for all 2014 and 2015 Camaro Z/28 models. As the world’s leading synthetic motor oil brand, Mobil 1 is recommended by many of the world’s ...
The Board of Directors of Exxon Mobil Corporation, one of the world’s leading petrochemical companies, has appointed Neil Chapman as the new vice president of the company, effective Jan. 1, 2015, replacing Stephen D. Pryor, who has ...
“Gulf Cooperation Council (GCC) chemical and petrochemical producers have reduced energy consumption per ton by 8% over the last two years through technical renovations,” says a sustainability report. According to the Gulf ...
Driven by higher margins and improved operations in downstream and chemical businesses, Exxon Mobil posted a 3 percent hike in net profit in the third quarter of 2014, from a year ago period. Net profit at Exxon Mobil, the world’s ...