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.
Financial pressure might keep the Gulf Cooperation Council together.
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.
The US rig count climbed for the fourth straight week with a 6-unit gain to 929 rigs working during the week ended Dec. 1, data from Baker Hughes indicate.
US security goals based on crude oil import disruptions in the 1970s and ‘80s need to be reconfigured to reflect the country’s improved oil and gas outlook resulting from the burst of unconventional exploration and development since 2005, speakers said during a Nov. 30 discussion at Resources for the Future.
The Australian Petroleum Production & Exploration Association has elected Zoe Yujnovich as its board chair following the organisation’s 2017 annual general meeting in Perth.
PJSC Lukoil has reached final investment decision to add a delayed coking complex at subsidiary LLC Lukoil-Nizhegorodnefteorgsintez’s 17 million-tonne/year Kstovo refinery in central Russia’s Nizhny Novgorod region.
The US Environmental Protection Agency met its statutory deadline as it announced final biofuel quotas for fiscal 2018 and biomass-based diesel quotas for 2019 that were only slightly different from those proposed earlier this year.
Restraint of oil production by members of the Organization of Petroleum Exporting Countries and 10 cooperating nonmembers is to continue through 2018 under agreements reached Nov. 30 in Vienna.
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.”