Refining

The spot price of wholesale gasoline in Los Angeles fell as low as US$0.66/gal. on 18 February, the lowest spot gasoline price in the nation.

Siemens has signed far-reaching agreements with the Iranian MAPNA Group to strengthen their cooperation in order to modernise the energy infrastructure in Iran.

Statoil and Yokogawa will develop a system that can map noise levels in real time at Statoil’s plants and upstream facilities.

An International Trade Commission judge has ruled that Umicore infringed upon BASF and Argonne National Laboratory's patents in the US.

Companies and universities are collaborating in an initiative to improve awareness on how to optimise safety design of gas turbines.

Iraq was the second leading contributor to the growth in global oil supply in 2015, behind only the US.

Despite low crude oil prices, new US shale gas-derived chemical expansions continue to move forward.

Petroliam Nasional Berhad concluded an extremely difficult 2015 with lower revenue and profit after tax (PAT) amidst a depressed oil price environment and net impairment on assets.

Net income attributable to Western, excluding special items, was US$52.2 million, or US$0.56 per diluted share.

Enterprise Business Solutions (EBS) provides refineries and factories with solutions for streamlining and running plants in the Middle East.

Tesoro Corporation has announced the appointment of Edward G. Galante to the company's Board of Directors.

Reliability and process safety initiatives drove refinery utilisation rates at HollyFrontier Corporation in 2015.

VOSS Fluid has purchased all shares of the Italian market competitor LARGA.

Colgate Energy LLC has announced it has raised US$75 million of equity commitments from lead investor Pearl Energy Investments.

According to the US Energy Information Administration, the distillate oversupply in Europe is causing some shippers to take the long route around Africa.