Refining

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.

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

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

EnerMech Australia has signed a distribution agreement with Parker Hannifin, the world’s largest motion and control technologies company.

Phillips 66 generated US$1.5 billion in cash from operations in 4Q15, with the Refining segment achieving 94% utilisation.

Companies are using Tank World Expo 2016 to launch new innovations and technologies to the Middle East and African markets.

Chevron Corporation reported a loss of US$588 million for 4Q15, compared with earnings of US$3.5 billion in 4Q14.

Haldor Topsoe Science & Technology (Dalian) Co. Ltd has entered a comprehensive collaboration agreement with the Dalian Institute for Chemical Physics (DICP).

Oman’s oil and gas market is experiencing major changes in terms of new project development, consumption patterns and market scenarios amidst rapidly shifting global dynamics.

The NEB has released its latest report, entitled ‘Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040’.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

Four Air Products air separation unit trains, built for Shaanxi Future Energy Chemical Co., Ltd, have been brought fully onstream.