Holly Energy and HollyFrontier announce dropdown of Woods Cross refinery units
The assets to be acquired by Holly Energy include the newly constructed crude, fluid catalytic cracking and polymerisation units at HollyFrontier's Woods Cross refinery.
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Velocity Midstream & CVR Refining have announced definitive agreements related to the construction of a crude oil pipeline from the SCOOP play in Central Oklahoma to CVR's Wynnewood refinery.
Emirates National Oil Company has announced Technip as the main EPC contractor for its Jebel Ali refinery expansion project.
Total petroleum deliveries in August moved up by 1.6% from August 2015 to average 20.1 million bpd.
Shell has announced that it has signed an agreement to sell its A/S Dansk Shell refining business in Denmark.
American Power Group Inc. has entered into remote flare capture and recovery and NGLs off-take agreements.
Quadrise Fuels has extended two contracts with AkzoNobel for the continued exclusive joint development of emulsion fuels.
Global energy investment in 2015 amounted to US$1.8 trillion, down 8% (in real terms) from 2014, mainly due to a sharp fall in upstream oil and gas investment.
A recent survey of manufacturing executives indicated that many respondents (67%) would invest in data analytics, even as they pare back spending in other areas.
Recovering oil prices, increasing exploration and production activities and surging investments in the refining industry are anticipated to boost global demand for industrial valves.
