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News & Press

Read about recent events, essential information and the latest industry news.

Industry News
Friday, July 31, 2015 Exclusive: Exxon eyes expanding Texas refinery into biggest in U.S. - sources » Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's larg...
Thursday, July 30, 2015 UPDATE 1-Valero Energy profit beats estimates as refining margins rise » U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a ste...
Thursday, July 30, 2015 UPDATE 2-Marathon Petroleum's margins hurt by high exposure to U.S. Midwest » Marathon Petroleum Corp's quarterly refining margins fell as the company did not benefit from the slump in oil prices main...
Thursday, July 30, 2015 Reuters: Total wants to sell 50 percent of PA refinery » Total wants to sell 50 percent of its Port Arthur refinery, according to the news service Reuters, and the French oil comp...
Thursday, July 30, 2015 4 Key Signs Low Oil Prices Are Here To Stay » Though the price of oil managed to climb back to $60 a barrel from a low of $40, it has now fallen back under $50....
Thursday, July 30, 2015 Indonesian aluminum exports to Japan continue even after smelter takeover » Indonesia's aluminum exports to Japan have not stopped, even though the government took over full control of the sole smel...
Wednesday, July 29, 2015 BP Swings to Loss in 2Q On Deepwater Deal, Low Oil Prices --2nd Update » LONDON—BP PLC swung to a $6.3 billion loss in the second quarter, with low oil prices and a massive charge for settling th...
Wednesday, July 29, 2015 Can U.S. Canadian Oil Sands Imports be Nearly Carbon Neutral? » The U.S. Department of Energy’s Argonne National Laboratory recently published a study that determined the production and...
Wednesday, July 29, 2015 Alberta spill heaps pain on Canada's oil sector » An oil spill in the heart of Canada's oil sand region has sparked renewed criticism of the country's industry, and raised...
Wednesday, July 29, 2015 Saudis Expand Price War Downstream » The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. ...
Wednesday, July 29, 2015 Oil groups have shelved $200bn in new projects as low prices bite » The world’s big energy groups have shelved $200bn of spending on new projects in an urgent round of cost-cutting aimed at...
Wednesday, July 29, 2015 Oil Sands: Is Utah The New Alberta? » Think oil sands and Alberta comes to mind. Don’t tell that to Canadian oilmen in Utah, though, who expect to begin product...
Wednesday, July 29, 2015 Century Aluminum Permanently Closing Ravenswood Smelter » Century Aluminum Company CENX, -2.67% announced today that it intends to permanently close its Ravenswood, W.V. aluminum s...
Wednesday, July 29, 2015 Ravenswood Century Aluminum plant permanently shut down; smelter had been idled since 2009 » A Century Aluminum smelter in Jackson County that has sat idle for more than six years will not be restarted following an...
Wednesday, July 29, 2015 Brent crude cracks over 2% to levels of $52 a barrel » Oil prices fell over 2 per cent to $52 levels on Tuesday, dropping for a fifth straight session on persistent worries abou...
Wednesday, July 29, 2015 Nexen Energy oil spill: Are pipelines the safest mode of transportation? » A massive Nexen pipeline spill was discovered last week near Fort McMurray in Alberta, Canada that has resulted in Alberta...
Wednesday, July 29, 2015 Sources: EPA will ease deadlines on pollution rule to help states comply » The Obama administration has decided to give states more time to comply with proposed regulations that will require dramat...
Wednesday, July 29, 2015 Energy minister says NDP government confident in Alberta's pipeline rules » The NDP government says it wants hard answers on a recent major pipeline spill but Energy Minister Marg McCuaig-Boyd says...
Wednesday, July 29, 2015 Cnooc oil-sands spill worsens outlook for Canada pipeline plans » It’s becoming increasingly difficult to get oil-sands pipeline projects off the ground, and Alberta’s worst spill since 19...
Wednesday, July 29, 2015 Oilsands pipeline projects look doomed after Nexen oil spill leaves ‘two big football fields of blac » It’s becoming increasingly difficult to get oilsands pipeline projects off the ground, and Alberta’s worst spill since 198...
Wednesday, July 29, 2015 HeidelbergCement to acquire Italcementi » HeidelbergCement has announced that it has entered into a purchase agreement to acquire a 45% share holding in Italcementi...
Wednesday, July 29, 2015 HeidelbergCement to accelerate growth with the acquisition of Italcementi » HeidelbergCement AG (“HeidelbergCement”) today announced that it has entered into a purchase agreement (the “Stock Purchas...
Wednesday, July 29, 2015 UPDATE 1-Nexen pipeline leaks 31,500 bbls of emulsion at oil sands site » Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, has shut down a pipeline at its Long Lake oil sands facility...
Monday, July 27, 2015 The year that broke oil: What’s the damage and where does Canada go from here? » Analysts used to think the oil rout would rival the iconic crash of 1986 — now they think it could be much worse — and...
Monday, July 27, 2015 Total seeks buyer for half of Texas refinery - source » French oil major Total S.A. is selling a 50 percent stake in its sole U.S. refinery in Port Arthur, Texas, and has retaine...
Monday, July 27, 2015 Durbin and Kelly: Petcoke Is Everyone's Problem, Not Just Chicago and Detroit » Like every protracted campaign, the battle to defeat the blight of petcoke on Chicago's Southeast Side has had good and ba...
Monday, July 27, 2015 Lafarge brand unlikely to be changed after merger » Zimbabwe: Lafarge Cement Zimbabwe, which recently merged with Holcim, is considering retaining its Lafarge brand in the co...
Monday, July 27, 2015 Holcim set to operate new US$350m Tuban II cement plant » Indonesia: Holcim Indonesia is ready to operate its new US$350m Tuban II plant at the end of 2015, according to Indonesia...
Monday, July 27, 2015 Votorantim to suspend production in Ribeirao Grande cement plant » Brazil: Votorantim Cimentos intends to temporarily suspend production at its cement plant in Ribeirao Grande, Sao Paulo fr...
Monday, July 27, 2015 Chinese spot alumina prices hold steady despite smelter cuts » Chinese spot alumina prices held steady Monday despite smelter cuts over the past week, industry sources said. h...
Monday, July 27, 2015 SMM Aluminum Market Morning Review » LME aluminum opened at USD 1,640/mt last Friday. The light metal touched day’s high of USD 1,650/mt and day’s low of USD 1...
Friday, July 24, 2015 Falling aluminium prices could add to uncertainty around Cairn-Vedanta merger » Falling aluminium prices could add to the uncertainty around the proposed merger of mining and minerals company Vedanta Lt...
Friday, July 24, 2015 India Mines Ministry Proposes Doubling Aluminum Import Tax » India’s mines ministry will ask its counterparts in the government’s finance department to double the import tax on alumin...
Friday, July 24, 2015 Global aluminum output decreased in June: IAI » The most recent statistics released by the International Aluminum Institute (IAI) indicates that the global aluminum outpu...
Friday, July 24, 2015 LafargeHolcim Officially Launched » Holcim Ltd. and Lafarge SA officially launched their new combined building materials company – LafargeHolcim – on July 15...
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