New CEO for Marathon After Hedge Fund Campaign
Marathon Petroleum Corp chief Gary Heminger will leave the company next year after almost a decade in charge, launching sweeping changes demanded by investors at the biggest U.S. refiner including the spinoff of its Speedway…
Top Citgo Executives Removed as PDVSA Chaos Continues
Citgo Petroleum Corp has removed at least three top executives close to Venezuelan President Nicolas Maduro, people familiar with the matter said on Monday, in a move to cement management control under a new board of directors.The U.S.
Shell, Petrobras Units Probed for Brazil Price-Fixing
Brazil's three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America's…
Fuel Shortage Hits Sudan as Dollar Crisis Hampers Imports
Vehicles queued for hours at gas stations in Sudan's capital on Tuesday as a fuel shortage caused by the government's difficulty in importing it due to a foreign currency crisis hit home.Once an exporter of oil, Sudan…
Gasum to Set up Floating Gas Station Network
In line with the Nordic gas ecosystem, Gasum will be setting up heavy duty gas stations. The aim is to establish a tank infrastructure that meets the heavy transport segment's needs for rational logistics and accessibility.
U.S. Biofuels Mandates Under High Stakes Scrutiny
U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama…
Glencore to Start Importing Fuel for Mexico in February
Trading firm Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, the head of the firm's oil division, Alex Beard, said on Thursday.
Skangas LNG for Stormossen’s gas station
Skangas signed a contract with Stormossen, Finland, to deliver liquefied natural gas (LNG) to their first biogas station in Vaasa. Stormossen offer fuel both for the public transportation sector and for passenger cars.
Miko Launches Emergency Pipe Repair Kit
A kit that can be used to seal leaks in high pressure pipes has been developed by Miko Marine in response to a specific request from St1 in Norway. Detailed study by Miko has resulted in a system that uses specially formulated…
Oil Slump's Impact Varies Globally at the Pump
A dramatic drop in oil prices is translating into a mixed bag for motorists across the globe - from hefty savings at the pump in the United States to a rare fuel price hike in Venezuela. Oil prices have dropped nearly 70 percent in the past 20 months…
Big Oil, Corn Blitz EPA on Biofuels Plan
U.S. farmers, biofuel makers, and oil companies have mounted last-ditch efforts to push regulators to overhaul a controversial plan for biofuel use, homing in on the price Americans pay for gasoline mixed with such fuels as ethanol.
Pemex Boosts Gasoline Imports in Wake of Shortages
Mexican state-owned oil company Pemex is ramping up gasoline imports and boosting domestic production at two major refineries after fuel shortages led to long lines at gas stations in several states this week. Pemex announced…
U.S. Biofuel Lobby Gains Momentum
In a long-running battle between oil refiners and the U.S. farm lobby over the future of ethanol fuel, biofuel producers may have just made a small, but important dent in big oil's formidable defenses. Over the past few months…
Wärtsilä, Cemex Colombia Renew Long-term Deal
Wärtsilä announced today that it has renewed its Asset Management Agreement with Cemex Colombia, a cement company in Colombia. The agreement was signed during summer 2014 and it is valid for five years. It is a continuation…
American Natural Gas, Direct Energy Join Forces
American Natural Gas, LLC (ANG) and Direct Energy Business have entered into a relationship that brings together a premier compressed natural gas (CNG) fueling station provider and one of the largest commercial retail energy suppliers in North America.
Ghana Drivers Queue to Fill up Ahead of Expected Fuel Price Hikes
Motorists in Ghana queued to fill up on Friday amid a gasoline shortage, while the government, which saw its credit rating cut by Moody's, looked set to raise pump prices next week to tackle the growing public debt. Officials said the gasoline shortage…
Many Libyan Petrol Stations Shut For Week
Angry motorists in Libya's capital Tripoli queued to fill up on Thursday, some having slept in their cars for nights as petrol stations awaited promised supplies from a state oil firm. "I have been queuing in front of this gas station for two days…
