Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered a tsunami and killed at least 1,000 people, while power plants, oil refiners and ports were shut down. U.S.... Read more..
Western Refining Wholesale, a division of Western Refining Inc., an independent refining and marketing company headquartered in El Paso, Texas, will use KSS Fuels’ RackPrice wholesale pricing solution to help it manage fuel prices at its wholesale locations. Western Refining is a crude oil refiner, wholesale fuel and lubricants distributor and retailer with operations in the Western United States and Virginia. The retail division is a long-time... Read more..
PinnacleAIS, a leading provider of services and technology specializing in improved asset integrity for the petroleum and chemical processing industry, today announced that it has completed several key Plant Condition Management Systems (PCMS®), Risk-Based Inspection (RBI) initiatives, furthering its expertise in Inspection Data Management Systems (IDMS) implementation and management. The company has implemented the first production version of the... Read more..
Foster Wheeler Ltd. announced that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita, near Zwara, in the Great Socialist People’s Libyan Arab Jamahiriya. ZORCO is a project company in... Read more..
StealthGas Inc., a ship owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced today that it has ordered two new 156,000 deadweight Suezmax crude Oil Tankers with an option to order two additional such vessels. Delivery of the first vessel is expected in May-July 2011 and delivery of the second vessel in July-September 2011. If the Company exercises its option to construct the third... Read more..
Connacher Oil and Gas Limited announced that it will present at the Peters & Co. Limited 2008 North American Oil & Gas Conference being held in Toronto from September 9-11, 2008. The Company’s presentation will be made by Mr. R.A. Gusella, President and Chief Executive Officer on Thursday, September 11, 2008 at 9:00 AM MST. To access the web cast of the presentation, please go to the link provided below: A link to the web cast and... Read more..
CityView Corporation Limited advises that it is in the process of completing the asset purchase agreement for the acquisition of a crude oil refinery. It has been decided that CityView will acquire the oil refinery in its own name, rather than through Pensador Resources Inc. The asset purchase agreement for the acquisition of the oil refinery will be for an aggregate consideration of US$320 million most of which will be debt finance. Financing of... Read more..
Alon USA Energy, Inc. announced that the Board of Directors has approved changes to the Company’s organizational structure in order to facilitate management of its expanded operations and to further prepare for the Company’s planned initiatives and future growth opportunities. The management changes are effective immediately. David Wiessman, Executive Chairman of the Board for Alon USA, commented, “Following our recent acquisition... Read more..