Refining

Tepid global demand and low oil prices are putting pressure on the oil and gas industry.

Beach Energy Ltd has announced the commencement of Mr Matthew Kay as its Chief Executive Officer on 2 May 2016.

Fluor has reported its fourth quarter and full year 2015 results.

The API has released its monthly statistical report, detailing the rise in demand for petroleum.

Exxon Mobil Corp. has announced it added 1 billion boe of proved oil and gas reserves in 2015, replacing 67% of production, including a 219% replacement ratio for crude oil and other liquids.

Veolia has named William J. "Bill" DiCroce as the new President and CEO of Veolia North America.

Movement of transportation fuels between the US Gulf Coast and East Coast regions represents the largest movement of such products in the US.

ConocoPhillips has announced the retirement of Jeff Sheets as Executive Vice President, Finance and Chief Financial Officer after more than 35 years with ConocoPhillips.

Albemarle Corporation reported 4Q15 earnings of USUS$174.3 million, or USUS$1.55 per diluted share.

The US Department of Energy has released a request for information on critical materials, including fuel cell platinum group metal catalysts.

Calumet performed well in 2015, as demonstrated by improved operational reliability at its facilities and higher sales of refined products

Phillips 66 Partners and Phillips 66 have announced the acquisition of 25% interest in the sweeny fractionator one and Clemens caverns storage facility.

The base oil market is projected to reach US$41.68 billion by 2020, at a CAGR of 0.95% from 2015 to 2020.

The contract was awarded by Dong Ying Haike Ruilin Chemical Co. Ltd for use at the Dong Ying Port Economic Development District.

While recent international discussion between OPEC and non-OPEC countries have improved oil prices, Iran has objected claiming an output freeze would be ‘illogical’.