Oil companies

World's Largest Mono-Ethylene Glycol (MEG) Processing Modules, Made by CTCI and Partners, Reach Mechanical Completion

Retrieved on: 
Friday, July 30, 2021
Companies, Oil companies, Climate change denial, ExxonMobil, Rockefeller family, Standard Oil, SABIC, Prefabrication, Modularity, Module, Secondary sector of the economy

CTCI led the modular design and fabrication of these modules, which were successfully delivered to the site in Gregory, Texas, last February.

Key Points: 
  • CTCI led the modular design and fabrication of these modules, which were successfully delivered to the site in Gregory, Texas, last February.
  • Ownership interests in the Gulf Coast Growth Ventures project is 50 percent ExxonMobil and 50 percent SABIC, with ExxonMobil as site operator.
  • John T. Yu, Group Chairman, CTCI, says, "It is an honor for CTCI Group to take part in the world's largest onshore modularization EPC project.
  • Now that the modules have been well prefabricated and reached mechanical completion, it truly sets a new record for CTCI's global projects."

Lummus Novolen Technology and Chevron Lummus Global Announce Multiple Technology Awards in China

Retrieved on: 
Thursday, July 29, 2021
Lummus, Chevron Corporation, Chevron, Oil companies, Companies, Economy of the United States

HOUSTON, July 29, 2021 /PRNewswire/ --Lummus Technology and Chevron Lummus Global LLC (CLG) today announced multiple technology contracts from North Huajin Refining and Petrochemical Co., Ltd. for a grassroots refinery and petrochemical complex in Liaoning Province, China.

Key Points: 
  • HOUSTON, July 29, 2021 /PRNewswire/ --Lummus Technology and Chevron Lummus Global LLC (CLG) today announced multiple technology contracts from North Huajin Refining and Petrochemical Co., Ltd. for a grassroots refinery and petrochemical complex in Liaoning Province, China.
  • Lummus will provide the license and basic engineering for its Novolen PP technology, plus the associated catalysts.
  • "Lummus and CLG are uniquely equipped to provide multi-technology solutions for our customers," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology.
  • Chevron Lummus Global (CLG), a joint venture between Chevron U.S.A. Inc. and Lummus Technology, is a leading process technology licensor for refining hydroprocessing technologies and alternative source fuels, as well as a global leader in catalyst system supply.

NovoNutrients Scaling Up with Project Funding Plus $9M in Equity

Retrieved on: 
Thursday, July 29, 2021
Chevron Corporation, Corporate crime, Oil companies, Companies, Economy of the United States, Corporate finance, Stock market

SUNNYVALE, Calif., July 29, 2021 /PRNewswire/ -- NovoNutrients, an alternative proteins company that uses industrial carbon dioxide emissions, cheap hydrogen and naturally occurring microbes to create high-grade proteins for human and animal consumption, today announced a $4.7 million raise led by Hong Kong-based global venture firm, Happiness Capital.

Key Points: 
  • NovoNutrients previously raised $4.3 million in venture backing, as well as a multiple of that in non-dilutive, corporate project funding commitments.
  • NovoNutrients will use the project funding to complete its industrial pilot program, which captures CO2 emissions, at an oil and gas and/or cement-related plant.
  • "The executive team has achieved tremendous support, not only from us, but also from prior visionary investors, as well as project funding from powerful corporate partners."
  • Kumiko Yoshinari, NovoNutrients' VP of Strategic Partnerships, noted "Non-dilutive project funding from corporate partners, including a Catalyst Grant from Chevron Technology Ventures, is a critical accelerator.

Chevron Announces Quarterly Dividend

Retrieved on: 
Wednesday, July 28, 2021
Oil, Gas, Energy, Oil companies, Chevron Corporation, Corporate crime, CVX, Companies, Chevron, Dividend, Economy of the United States

The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, payable September 10, 2021 to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2021.

Key Points: 
  • The Board of Directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, payable September 10, 2021 to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2021.
  • Chevron is one of the worlds leading integrated energy companies.
  • We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

Mickey Launches Energy Division Giving Small and Medium-sized Natural Gas Suppliers Access to Domestic Buyers

Retrieved on: 
Wednesday, July 28, 2021
Fuel gas, Oil companies, Natural gas, BP, Companies

"The U.S. is striving to reduce its reliance on fossil fuels through cleaner, more natural solutions," said Alex Rabens, CEO of Mickey. "With more electric vehicles on the roads today, and other non-fossil fuel innovations, these products will still need a source of power and cleaner, natural gas will be the country's best option going forward. I'm thrilled that RJ will help lead Mickey's efforts to get natural gas to buyers -- without the antiquated methods of traditional sales and transactions."

Key Points: 
  • NEW YORK, July 28, 2021 /PRNewswire-PRWeb/ -- Mickey, a leading commodities technology platform that connects US-based small-to-midsize suppliers with global buyers, is announcing the launch of its natural gas division.
  • Prior to joining Mickey, RJ was Vice President of the Gas Desk at East Coast Power and Gas.
  • RJ has held senior gas trader and other positions with energy leaders such as Citadel, Twin Eagle Resource Management and BP.
  • "Last year, the US used about 30.5 trillion cubic feet (Tcf) of natural gas which is about 34% of the country's total energy consumption," said RJ Hayes, Head of Energy for Mickey.

ExxonMobil to Release Second Quarter 2021 Financial Results

Retrieved on: 
Monday, July 26, 2021
Oil, Gas, Energy, American brands, Companies, Rockefeller family, Economy of the United States, Oil companies, XOM, Climate change denial, ExxonMobil, New York Stock Exchange, Exxon, Mobil, IR

Exxon Mobil Corporation (NYSE:XOM) will release second quarter 2021 financial results on Friday, July 30, 2021.

Key Points: 
  • Exxon Mobil Corporation (NYSE:XOM) will release second quarter 2021 financial results on Friday, July 30, 2021.
  • A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com .
  • The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International).
  • An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir .

ExxonMobil, SABIC Reach Mechanical Completion for Gulf Coast Growth Ventures Derivatives

Retrieved on: 
Monday, July 26, 2021
Other Energy, Construction & Property, Oil, Gas, Energy, Engineering, Chemicals, Plastics, Urban planning, Manufacturing, Companies, Oil companies, SABIC, ExxonMobil, Chemical industry, ExxonMobil, SABIC, EXXONMOBIL, SABIC

ExxonMobil and SABIC announced today that their joint venture, Gulf Coast Growth Ventures located near Corpus Christi, Texas, has reached mechanical completion of a monoethylene glycol unit and two polyethylene units.

Key Points: 
  • ExxonMobil and SABIC announced today that their joint venture, Gulf Coast Growth Ventures located near Corpus Christi, Texas, has reached mechanical completion of a monoethylene glycol unit and two polyethylene units.
  • Gulf Coast Growth Ventures is a key development of our plan to serve growing demand for our high value performance products, said Karen McKee, president of ExxonMobil Chemical Company.
  • Gulf Coast Growth Ventures expands the successful international relationship between ExxonMobil and SABIC, who have worked together in petrochemical ventures for more than 35 years.
  • Ownership interests in the Gulf Coast Growth Ventures project is 50 percent ExxonMobil and 50 percent SABIC, with ExxonMobil as site operator.

Sunoco LP Maintains Quarterly Distribution

Retrieved on: 
Thursday, July 22, 2021
Sunoco, Regions of the United States, Oil companies, New York Stock Exchange, Economy of the United States

DALLAS, July 22, 2021 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis.

Key Points: 
  • DALLAS, July 22, 2021 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis.
  • The distribution will be paid on August 19, 2021to common unitholders of record on August 6, 2021.
  • Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states as well as refined product transportation and terminalling assets.
  • Accordingly, Sunoco LP's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Jefferson Energy Companies Executes Terminal Services Contract with ExxonMobil Oil Corporation

Retrieved on: 
Thursday, July 22, 2021
American brands, Companies, Rockefeller family, Economy of the United States, Oil companies, Climate change denial, ExxonMobil, Standard Oil, Exxon, XOM, Beaumont, Texas, Mobil

NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies (Jefferson Energy), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, awholly owned subsidiary of Exxon Mobil Corporation (ExxonMobil; NYSE:XOM).

Key Points: 
  • NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies (Jefferson Energy), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, awholly owned subsidiary of Exxon Mobil Corporation (ExxonMobil; NYSE:XOM).
  • Jefferson Energy is constructing approximately 1.9 million barrels of new storage capacity at the Jefferson Energy terminal and five connecting pipelines between the ExxonMobil Beaumont refinery and Jefferson Energy terminal that will increase utilization of its existing marine infrastructure.
  • Combined with the successful completion of the ExxonMobil Cross Channel Pipelines project in February 2021, this project further strengthens the strong relationship between ExxonMobil and Jefferson Energy.
  • The Jefferson Energy terminal is located on the Neches River in the heart of ExxonMobils Beaumont, Texas refining complex.

ExxonMobil Selected as Exclusive Lubricants Supplier for Avelo Airlines

Retrieved on: 
Monday, July 19, 2021
Air, Transport, Oil, Gas, Transportation, Energy, Travel, American brands, Companies, Economy of the United States, Oil companies, Petroleum products, Avelo Airlines, ExxonMobil, Mobil, Lubricant, Avelo Airlines, ExxonMobil, AVELO AIRLINES, EXXONMOBIL

ExxonMobil and Avelo Airlines announced today that ExxonMobil will be the sole aviation lubricants supplier for Avelos growing fleet.

Key Points: 
  • ExxonMobil and Avelo Airlines announced today that ExxonMobil will be the sole aviation lubricants supplier for Avelos growing fleet.
  • We chose ExxonMobil as our lubricants partner because their experience and reputation in the aviation industry is unmatched, said Greg Baden, Chief Operating Officer, Avelo.
  • The ExxonMobil suite of aviation lubricants has a long history of strong performance in various aircraft and engines which made Avelo confident in its selection.
  • From supporting the Wright Brothers first flight to now being the exclusive lubricants supplier for Avelo, we remain committed to providing innovative aviation lubricant solutions to address customers evolving needs, said Ali Bakr, ExxonMobil Global Aviation Lubricants Sales Director.