Talos Energy LLC, Houston, and Stone Energy Corp., Lafayette, La., have agreed to merge in an all-stock transaction creating a Gulf of Mexico producer named Talos Energy Inc. Source: News
Kuwait lets contract for Al-Zour refinery expansion project
Kuwait Petroleum Corp.’s (KPC) newly formed subsidiary Kuwait Integrated Petroleum Industries Co.(KIPIC) has let a contract to Honeywell UOP LLC to provide a range of process technologies for the already proposed expansion of KIPIC’s grassroots 615,000-b/d Al-Zour refinery complex still under construction in southern Kuwait Source: News
Saudi Aramco, SABIC advance plan for crude oil-to-chemicals complex
Saudi Aramco and Saudi Arabian Basic Industries Corp. (SABIC) have formalized a previously announced agreement to conduct a joint feasibility study for the development of a fully integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia (OGJ Online, June 28, 2016). Source: News
Americas, African refiners maintain focus on upgrading, integrating, consolidating assets
The latest OGJ annual worldwide refining survey showed a readjustment in global crude oil refining capacity for the coming year. Source: News
Worldwide oil, natural gas reserves inch higher in 2017
Worldwide proved crude oil and natural gas reserves grew marginally from a year ago, according to Oil & Gas Journal’s annual worldwide survey of reserves. Source: News
04 Dec 2017 09:56:00 EST – The latest stock information is now available for your stocks
XOM Last 83.71 Change +0.25 % Change 0.3% Volume 1,409,999 As of: 4 Dec 2017 9:56:00 EST View: Stock Quote | News CVX Last 120.99 Change +1.48 […]
Compromise compromised
Rachel Notley took office negotiating and 2 years on fights to keep it. The grand compromise by which the Alberta premier and her New Democratic Party hoped to accommodate both energy development and climate mitigation isn’t working. Climate activists win or lose; they don’t compromise. Source: News
Remembering Bob Biolchini
Robert F. “Bob” Biolchini, long-time Tulsa attorney, president and chief executive officer of PennWell Corp., and owner of several banks in northeastern Oklahoma and Wyoming, died Nov. 8 in Jackson Hole, Wyo. He was 78. Source: News
ExxonMobil to merge R&M divisions, appoints president
ExxonMobil Corp. reported it will combine its refining and marketing operations into a single company—ExxonMobil Fuels & Lubricants Co.—in first-quarter 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co., was appointed president of the combined division by the company’s board, effective Jan. 1, 2018. Source: News
GCC balancing financial strain, Qatari quarrel
Financial pressure might keep the Gulf Cooperation Council together. Source: News