ExxonMobil to merge R&M divisions, appoints president

ExxonMobil Corp. reported it will combine its refining and marketing operations into a single company—ExxonMobil Fuels & Lubricants Co.—in first-quarter 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co., was appointed president of the combined division by the company’s board, effective Jan. 1, 2018.

Total wraps Antwerp refinery modernization

Total SA has commissioned several units as part of a more than €1-billion modernization of its 338,000-b/d Antwerp refining and petrochemical complex. Startup of the units completes the modernization program first announced in 2013, which aimed to further improve competitiveness of the site, Total said. 

China Energy makes takeover offer for AWE

Chinese state-owned China Energy Reserve & Chemical Group has made a $430-million (Aus.) takeover bid for Sydney’s AWE Ltd. AWE, which earlier this week announced the completion of a successful test evaluation of the Waitsia gas field in Western Australia, described the cash bid as “unsolicited, nonbinding, indicative, and conditional.”