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...surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined petroleum...
Chief of Magellan Midstream sees ‘challenging’ petroleum outlook but strong demand elsewhere
...Investments in energy companies such as Occidental Petroleum and liquefied natural gas export terminal operator Cheniere may benefit from soaring energy prices....
...The hydrocarbon producer, Clearly Petroleum, has operations in the state alongside the Brazos river, where, thanks to more extreme weather events in recent years, the watercourse has become increasingly...
...Money misappropriated from 1MDB was used to partly finance the $2.2bn acquisition of Houston-based Coastal Energy — alongside International Petroleum Investment Company, an Abu Dhabi entity since merged...
...DD’s James Fontanella-Khan takes us through how a mega-deal at Occidental Petroleum took a turn for the worse in this M&A tale....
...For Chevron boss Mike Wirth, the decision to bow out of a bidding war for Anadarko Petroleum last year has proved prescient....
...Oscar Brown, who was head of strategy at Occidental Petroleum, has been forced out of the company, The Wall Street Journal reported....
...Japanese companies spent $24bn in the first three months of the year in 138 overseas deals, although Seven & i Holdings pulled out of talks to buy Marathon Petroleum’s Speedway petrol station chain for about...
...The 83-year-old investor is suing Occidental over its $55bn takeover of Anadarko Petroleum, which he said amounted to “little more than an enormous bet on the price of oil”....
...South Texas Sour, a higher sulphur crude, priced at minus $3.75 on April 27, according to prices posted by Plains All American Pipeline LP....
...The private equity arm’s parent, Abraaj Holding, is owned by shareholders including Mr Naqvi, the Investment Corporation of Dubai, the emirate’s holding firm, the family behind Sharjah’s Crescent Petroleum...
...Management at Tel Aviv-listed Navitas Petroleum LP apparently believes that the potential rewards at Sea Lion outweigh the risks....
...Could rival Occidental Petroleum really mount a bid to top Chevron? Occidental has a market cap of $47bn, which is dwarfed by Chevron’s $227bn equity valuation....
...Greece has shortlisted two consortiums to bid for a 50.1 per cent stake in Hellenic Petroleum, one of the largest refiners and filling station operators in the country....
...asking me which ones should I buy and how much should I pay, I’d need to run the numbers through more sophisticated linear program models to come up with the answers,” says Mr Sutton, a former Marathon Petroleum...
...Meanwhile, Geraldine Slattery will replace Steve Pastor as head of the petroleum business and Laura Tyler is rejoining the executive leadership team as chief geoscientist. More here....
...BHP expects its petroleum business to produce up to 575,000 barrels of oil equivalent per day in the year to June 30....
...The manufacture of coke and refined petroleum products was the only sector where production output fell over the year....
...The US Department of Energy has authorised the release of half a million barrels of crude oil from the nation’s Strategic Petroleum Reserve to Phillips 66′s refinery in Lake Charles, Louisiana, as the refining...
...At the time the oil giant also said it planned to offload its stake in the Bongkot gas field in Thailand to Kuwait Foreign Petroleum Exploration Company for $900m....
...The US petroleum market is undergoing its own version of a property downturn with strong demand emptying fuel storage terminals and depressing rental rates for tanks....
...The sub-index for non-food articles declined by 1.7 per cent owing to lower prices for floriculture, while the index for crude petroleum and natural gas fell 2.4 per cent, according to figures from the Ministry...
...Tuesday’s rally also came ahead of a US crude stockpile report from American Petroleum Institute, an industry group later in the day and official data from the Energy Information Administration slated for...
...But exports fell 3 per cent quarter-on-quarter, with decreased outbound shipments of transportation equipment as well as petroleum and chemical products....
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