Refining - 02 February 2016

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.

According to a new TechSci Research report, the industrial gases market in Saudi Arabia is estimated to cross US$1.6 billion by 2021.

Matrix Service Company has announced it has successfully acquired Baillie Tank Equipment to form Matrix Applied Technologies.

Underlying replacement cost profit for the full year was US$5.9 billion, compared with US$12.1 billion reported for 2014, down 51%.

Emerson’s automation technologies will help BP’s Whiting refinery avoid extensive downtime while improving two units at the largest refinery in the Midwest.