Refining

PetroChoice has announced its acquisition of Universal Lubricants’ laboratory and blending facilities assets.

Halliburton Co. and Baker Hughes Inc. have announced that the companies have terminated the merger agreement they entered into in November 2014, effective 30 April 2016.

Around 100 experts from governments, industry, academia, financial institutions and civil groups around the globe gathered at the International Energy Agency (IEA) on 29 April 2016.

Atlas Oil Company has invested in the FuelNOW Network (FNN), a cloud-based platform that automates the supply chain.

At the Annual General Meeting on 28 April 2016, Technip's shareholders approved the proposed €2.00/share dividend for the FY15.

Operating profits from the Refining, Marketing and Distribution, and Chemical segments all recorded significant growth compared to the same period last year.

AMETEK has announced its results for the first quarter 2016.

The company's results for the first quarter of 2016 show improved sales and increased profitability.

Siemens has been awarded a 25 yr long-term service agreement for the planned Umm Al Houl combined cycle power plant in Qatar.

Though domestic oil demand is expected to keep falling to 3.1 million bpd in 2017, production growth will increase from 2.5 million bpd last year to 3.4 million bpd in 2021.

Metso has expanded its strong local presence with a new operational valve service centre in Poland.

The adjustments to Ecopetrol's 2016 Investment Plan are part of the measures taken to navigate the low crude oil price environment.

Suncor has agreed to acquire a further position in Syncrude, purchasing the 5% interest, effective April 2016.

Amec Foster Wheeler and DeltaValve, LLC, have formed a strategic alliance related to DeltaValve’s centre feed technology.

Technip has announced the signing of a 4 yr extension of its 5 yr initial contract with Petrobras S.A. for its Flexible Pipes Logistic Base.