Chevron Welcomes Shell to the Wheatstone Project

Chevron Corporation today announced the signing of agreements with Shell Development (Australia) Pty Ltd to bring Shell into the Chevron-operated Wheatstone Project as a natural gas supplier and equity participant. George Kirkland, vice chairman, Chevron Corporation, said, “Chevron is pleased to welcome another participant into the Wheatstone Project.... 

Savage to Construct, Own and Operate a Multi-User Railport at Trenton, North Dakota

Savage Companies (Savage) announced its plans to construct, own and operate a large multi-user rail terminal in Trenton, North Dakota. The terminal, to be known as Trenton Railport, will be served by the BNSF Railway, and will be designed to bring large-scale rail service to the Bakken Formation (the Bakken) with oil-field related materials such as... 

Enterprise Announces 26th Consecutive Quarterly Distribution Rate Increase

Enterprise Products Partners L.P. announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the... 

Graham Corporation Wins Two Ejector System Orders Valued at $4 Million

Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical and power industries, today announced that it has received two orders for ejector systems that total approximately $4 million. The first order is for an ejector system to be installed at a U.S. refinery that is being modified to... 

Enterprise Strengthens Eagle Ford Shale Position with Chesapeake Agreements

Enterprise Products Partners L.P. nnounced today that the partnership has entered into 10-year agreements to handle a substantial portion of Chesapeake Energy Corporation’s (NYSE:CHK – News) liquids-rich natural gas production in the Eagle Ford Shale. Chesapeake’s gross acreage position currently comprises more than 625,000 acres in and around... 

PBF Announces the Completion of the Acquisition of the Paulsboro Refinery and Related Assets

PBF Energy Company LLC today announced that its subsidiary, PBF Holding Company LLC, has completed its purchase of the Paulsboro Refining Company in Paulsboro, New Jersey from Valero Energy Corporation. The acquired assets include an 180,000 barrel per day refinery, and an associated natural gas pipeline. The purchase price is $340 million, subject... 

Petroplus Announces an Incident at its Ingolstadt Refinery

Petroplus Holdings AG announced that an incident occurred at its Ingolstadt refinery. At approximately 23:15 Central European Time (CET) yesterday, a fire occurred at a reflux pump associated with the crude oil unit. Refinery and local emergency response teams responded to the incident and the fire was immediately brought under control and extinguished... 

SemGroup to Sell Fuel Storage Facility in Wales; Largest Facility of its Kind in U.K. Provides Strategic Location for Distribution to Major Markets

SemGroup, L.P. announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited, which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels of commercially active storage capacity and serves... 

ENTESSA Delivers Enhanced Marine Management Capabilities to HOVENSA

Entessa, Inc., a leading provider of Oil and Gas Logistics Management Solutions, delivered a major upgrade to the Marine Modules of its Synthesis(TM) enterprise software suite to Hovensa, a joint venture between Hess Corporation (NYSE: HES) and Petroleos de Venezuela, S.A. (PDVSA). With its enhanced Marine Management capabilities this upgrade further... 

Marathon to Donate $2.4 Million to Create Future Fuels Gallery at the Detroit Science Center

Marathon Oil Corporation announced a $2.4 million grant to the Detroit Science Center for the creation of a new Future Fuels Gallery at the museum. The 6,000 square-foot, three-story gallery will be one of the museum’s largest exhibit areas and the Midwest’s only public, educational display of petroleum and alternative fuels technology....