PBF Energy provides update on Delaware City refinery
PBF Energy’s Delaware City refinery experienced a plant-wide, unplanned shutdown on 24 January 2016, due to loss of power during a severe winter storm.
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ExxonMobil’s Downstream and Chemical segment results highlighted the strength of the integrated businesses.
Tesoro Corporation reported record full year net earnings from continuing operations of US$1.5 billion, or US$12.39 per diluted share.
Zenith Energy has announced that it has signed an agreement to acquire a liquids storage terminal facility in Amsterdam from BP plc.
Emerson’s automation technologies will help BP’s Whiting refinery avoid extensive downtime while improving two units at the largest refinery in the Midwest.
Underlying replacement cost profit for the full year was US$5.9 billion, compared with US$12.1 billion reported for 2014, down 51%.
EnerMech Australia has signed a distribution agreement with Parker Hannifin, the world’s largest motion and control technologies company.
Phillips 66 generated US$1.5 billion in cash from operations in 4Q15, with the Refining segment achieving 94% utilisation.
Chevron Corporation reported a loss of US$588 million for 4Q15, compared with earnings of US$3.5 billion in 4Q14.
Oman’s oil and gas market is experiencing major changes in terms of new project development, consumption patterns and market scenarios amidst rapidly shifting global dynamics.
