Industry News

Huntsman Corporation recently opened a new innovation center in Tienen, Belgium, strengthening its research and development capabilities and reinforcing its commitment to its customers in the region.

Worley recently announced a new strategic alliance with BP focused on enhancing efficiency, continuous improvement and value creation across BP’s global Site Projects organization.

A U.S. court overseeing the auction of Citgo Petroleum has told bidders seeking to acquire the seventh-largest U.S. oil refiner they may raise their offers after Tuesday's filing deadline.

US oil refiners and West Coast traders are concerned about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion, warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels.

Element Fuels Holdings, a Dallas-area startup, is proposing to build the first all-new U.S. oil refinery in nearly 50 years.

The startup of Golden Pass LNG, the $11 billion joint venture LNG project in Texas, has been delayed by at least six months due to construction turmoil.

Energy producers, refiners, investment funds, and bankers increasingly have shown interest in Citgo's Corpus Christi refinery.

Talks on the sale of Shell's stake in Mineraloelraffinerie Oberrhein GmbH (MiRO) to Czech state-owned pipeline operator MERO have ended without an agreement.

Aramco is in talks with U.S. firms Tellurian and NextDecade on two separate liquefied natural gas (LNG) projects.

U.S. exports of LNG rebounded in May as Freeport LNG returned to full production and as more supplies flowed to Asia.

A strike by chemical unit workers at an ExxonMobil petrochemical complex will remain suspended through June 4 while talks are held over severance packages.

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U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls.

ConocoPhillips and Marathon Oil Corporation announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion.

Tellurian Inc. and Aethon Energy Management LLC announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million.

Energy Transfer and WTG Midstream announced that they have entered into a definitive agreement pursuant to which Energy Transfer will acquire WTG Midstream.