Ineos has completed its purchase of the Forties oil pipeline system and associated facilities in the UK North Sea from BP PLC.

Chevron Global Ventures Ltd. has canceled plans to sell its wholly owned indirect subsidiaries in Bangladesh to Himalaya Energy Co. Ltd. of China, according to press reports.

BP PLC reported an underlying replacement cost profit attributable to shareholders for the third quarter of $1.865 billion, up from $684 million in the second quarter and $933 in third-quarter 2016.

HPCL-Mittal Energy Ltd. (HMEL) has let a contract to CB&I, Houston, to provide technology licensing and engineering for a grassroots mixed-feed ethylene plant at its 9 million-tonne/year Guru Gobind Singh refinery at Village Phullokhari, about 35 km from Bathinda in India’s northern state of Punjab.

A coalition of independent refiners, retailers, and labor unions called on the Trump administration to move ahead on a previously announced review of biofuel quotas under the Renewable Fuel Standard (RFS) despite opposition from renewable fuels organizations and two US senators from Great Plains states.

Brent crude oil price for December delivery moved toward $61/bbl on Oct. 30 while the US light, sweet December crude price settled above $54/bbl in New York.

 

Alex Pourbaix has been named president and chief executive officer of Cenovus Energy Inc., Calgary. He succeeds Brian Ferguson, who is retiring.

A few extra coats of ‘paint’ could be all that the steel in a building needs to prevent itself from buckling and failing in a fire, suggests new research.