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New Pemex CEO appointed, expected to speed up transformation, build up financial strength

11:36 AM MST | February 9, 2016 | Francinia Protti-Alvarez

Mexican President, Enrique Peña Nieto has appointed José Antonio González Anaya to the helm of state-owned Petróleos Mexicanos (Pemex), according to a statement from the office of the president. González Anaya will be...


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MORE ENERGY AND FEEDSTOCKS

Fluor awarded gas plant contract in Canada

Fluor has announced that the Cutbank Ridge Partnership, a tie-up between Mitsubishi Corp., and Encana Corp. involved in the long-term development of natural gas resources in Northeast British Columbia, has selected Fluor to execute engineering, procurement...

Total signs HOA to supply LNG to ENN in China

Total announced on Thursday that it has signed a binding heads of agreement (HOA) with ENN LNG Trading, a subsidiary of ENN Energy Holdings, for the delivery of 0.5 million m.t./year of liquefied natural gas (LNG) for a period of 10 years. The deliveries will...

Pakistan refinery completes gasoline expansion using UOP technology

Pakistan Refinery Ltd. (PRL; Karachi) has used process technology and equipment supplied by UOP, part of Honeywell, in a new unit at the Karachi refinery, Honeywell says. PRL's facility is a hydroskimming refinery that processes 50,000 bbl/day of crude oil to...

Dow Chemical beats estimates on strong plastics performance and volume gains

Dow Chemical reported adjusted net income before one-time items of $1.1 billion, up 7% on a year-on-year (YOY) basis on strong margin gains in performance plastics and higher volumes in all regions....

Total, Pertamina swap LNG tonnage

Total announced on Tuesday that it has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Pertamina (Jakarta) for the supply of LNG volumes increasing from 400,000 m.t./year to 1 million m.t./year beginning 2020. Under the terms...

Alberta government to tap into petrochemicals' potential to diversify province's economy

The government of Alberta is seeking to attract petrochemical investment to the province via the government's Petrochemicals Diversification Program. The program is intended to diversify the local economy and create jobs, according to a statement from the...

FTC rule paves way to greater ethanol blending

The US Federal Trade Commission’s final amendments to automotive fuel rating, certification, and labeling requirements for certain ethanol-gasoline blends have opened the door to greater blending of ethanol into gasoline. The amendments, announced on 14 January, will go into effect on 14 July. They require that fuel marketers rate and certify all ethanol blends with ethanol content ranging from more than 10% to 83%, on a single pump; and that retailers post labels with ethanol percentage disclosures and the statement, “Use only in Flex-Fuel Vehicles/May Harm Other Engines.”...

Shell to divest majority stake in Malaysia refinery

Royal Dutch Shell says that it has agreed to sell its 51% stake in Shell Refining Co. in Malaysia to Malaysian Hengyuan International Ltd. (MHIL), a subsidiary of Shandong Hengyuan Petrochemical (Linyi, China), for $66.3 million. The transaction is expected...

Reports: Gail, Hindustan Petroleum to import US ethane for $5-billion petchems complex in India

State-owned Gail (India) plans to import ethane from the United States for a previously announced $5-billion petrochemical complex it is setting up jointly with Hindustan Petroleum Corp. Ltd. (HPCL) in Andhra Pradesh State, India, local reports say. The...

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