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Refining

Medallion to be acquired by GIP

Energy & Minerals Group and Laredo Petroleum have entered into a binding agreement to sell Medallion Gathering & Processing.

 

GE announces senior appointments

John Flannery succeeds Jeff Immelt as chairman of GE while Lorenzo Simonelli is named chairman of Baker Hughes GE.

 
 
 
 

Chevron: John S. Watson to retire

Chevron Corp. has announced that its Board of Directors elected Michael K. Wirth chairman of the board and CEO.

 

API: petroleum demand up

The API reports that petroleum demand last month was the highest in August since 2007.

 

US tax reform welcomed

The AFPM and API have issued statements in support of the US tax reform proposal.