Industry News
In order to keep the Inspectioneering community up-to-date with current events and breaking stories, we routinely share relevant, useful, and/or interesting stories related to the topics we cover and the industries we serve.
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NewsINEOS, November 15, 2018INEOS Enterprises has agreed to acquire the entire composites business from Ashland Global Holdings Inc for $1.1 billion. The deal comprises 20 manufacturing sites in Europe, North and South America, Asia and Middle East employing 1300 people, generating sales of more than $1.1 billion.
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NewsReuters, November 15, 2018Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas, ADNOC’s CEO told Reuters.
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NewsReuters, November 15, 2018China’s October refinery runs rose to the second highest on record for any month on a daily basis, official data showed on Wednesday, as refiners ramped up production amid strong margins for gasoline and diesel.
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NewsAmerican Midstream Partners LP, November 15, 2018American Midstream Partners, LP has entered into a definitive agreement for the sale of its refined products terminalling business to Sunoco LP, for approximately $125 million in cash, subject to working capital adjustments.
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NewsReuters, November 13, 2018Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. These companies are taking advantage of extraordinary markdowns in West Texas where surging production and a lack of pipeline space sent the regional price for oil in late August $23 per barrel below the coastal price in Houston.
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NewsHollyFrontier Coporation, November 13, 2018HollyFrontier Corporation today announced that its subsidiary has entered into a definitive agreement to acquire Sonneborn US Holdings Inc. and Sonneborn Coӧperatief U.A. (collectively “Sonneborn”) for $655 million, including working capital with an estimated value of $72 million. Sonneborn is one of the world’s largest dedicated suppliers of white oils, petrolatums and waxes.
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NewsReuters, November 9, 2018U.S. liquefied natural gas (LNG) company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.
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NewsLimetree Bay Refining LLC, November 8, 2018Limetree Bay Refining, LLC has reached agreement in principle with the supply and trading arm of a major international oil company on the restart of the idled refinery located at Limetree Bay, St. Croix, U.S. Virgin Islands. Limetree Bay Refining anticipates completion of the restart by late 2019.
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NewsAmerican Petroleum Institute, November 8, 2018Preliminary program topics and abstracts now available for the 2019 API Inspection and Mechanical Integrity Summit, taking place January 28 - January 31, 2019 in Galveston, TX.
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NewsEvonik Industries AG, November 8, 2018Evonik Industries AG has signed an agreement with One Equity Partners to acquire US-based PeroxyChem for US$625 million.
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NewsAir Products, November 6, 2018Air Products has signed an agreement to acquire General Electric Company’s (“GE”) gasification business. This transaction will allow Air Products to expand its synthesis gas (syngas) solutions product offerings and its presence in build, own and operate gasification projects around the world.
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Partner ContentPinnacleART’s engineers and inspectors can help your facility define, prioritize and mitigate risks within your facility. Let our team build, implement and maintain a comprehensive mechanical integrity and RBI program for your pressure vessels, heat exchangers, towers, storage tanks, piping, pump casings, pressure relief valves, critical check valves and more.
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NewsSaudi Aramco, November 5, 2018Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC).
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Press ReleaseJohns Manville Industrial Insulation, November 5, 2018On Tuesday, November 13, at 2:00 PM ET, Johns Manville Industrial Insulation Group will present the live webinar, “Johns Manville’s Industrial Insulation Products.” The JM technical team will take attendees through key details pertaining to the specifications, performance, and installation of JM’s industrial insulation products.
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NewsTotal S.A., November 5, 2018Sempra Energy and Total S.A. recently announced that they have entered into a Memorandum of Understanding (MOU) that provides the framework for cooperation in the development of North American liquefied natural gas (LNG) export projects.
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NewsReuters, November 5, 2018Using more efficient equipment and running bigger plants at peak speeds, the combined capacity of nation’s 135 refineries was 18.6 million barrels per day (bpd) at the start of the year, up 16 percent over the 15.7 million bpd in 1985, when there were 223 refineries, according to Energy Information Administration data.
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