Refining

Commercial crude oil inventories in Cushing, Oklahoma, and the US Gulf Coast totalled a record high 309.4 million bbls as of the week ending 27 November.

Wood Group has agreed to acquire The Infinity Group (Infinity), an industrial construction and maintenance contractor serving the petrochemical, refining and gas processing sectors.

Hydrodec Group has announced that trains 5 and 6 at its plant at Canton, Ohio, have been successfully started and brought into production.

Bob Dudley, BP's Group Chief Executive, will discuss COP21 outcomes at IP Week 2016.

GSE Systems has appointed Bahram Meyssami as its new Chief Technology Officer.

Refining New Zealand’s new facility in Te Mahi Hou has been completed ahead of schedule.

Tsakos Energy Navigation Ltd has announced a long-term suezmax charter to a major oil concern, which is expected to generate US18.5 million in revenue.

Actemium Oil & Gas Major Projects has chosen to further strengthen its cooperation with Intergraph to increase productivity and efficiency in complex engineering projects.

Shell Chemical LP has announced the final investment decision to increase alpha olefins production at its chemical manufacturing site in Geismar, Louisiana.

Spurred by second generation feedstock, the biofuel enzymes market is growing, according to BCC research.

Euronav NV has announced that the Board of Directors has unanimously appointed Carl Steen as member of the Board and has elected him Chairman.

Sumitomo Chemical will license its technologies of manufacturing polypropylene (PP) and propylene oxide (PO) to South Korea’s S-OIL Corp.

The leak detection market for oil and gas is expected to grow at a CAGR of 7.1% between 2015 and 2020.

Iran will have finished the construction of three petrochemical units by March 2016, and is working on three more.

The relationship between India and the IEA took a further step forward on 27 November with the launch in New Delhi of the India Energy Outlook.