Oil MVP
Coverage of the Oil Industry
News
BP completes purchase of BHP assets in US onshore
BP’s Lower 48 business changes name to BPX Energy, marking new era of growth HOUSTON – 31 October 2018 – BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – […]
ExxonMobil Supports New Singapore Energy Center Partnership with US$10 Million Commitment
ExxonMobil to be first founding member with five-year commitment Company researchers to collaborate with university students and faculty Initial focus areas to include bioscience; carbon capture, utilization and storage; water use and recycling SINGAPORE – Oct 31, 2018 –(BUSINESS WIRE)–ExxonMobil said today that it will contribute US$10 million over five years (S$14 million) to become […]
ExxonMobil Starts New Unit at Antwerp Refinery to Produce High-Value Transportation Fuels
Delayed coker unit to convert heavy, higher sulfur residual oil into marine gasoil and diesel Will help meet demand for cleaner fuel oil required by the International Maritime Organization Part of initiative to strengthen competitiveness of company’s advantaged facilities in Europe SPRING, Texas – Oct 31, 2018 —(BUSINESS WIRE)–ExxonMobil said today that it has started […]
Port of Corpus Christi and The Carlyle Group Agree to Develop Major Crude Oil Export Terminal on Harbor Island
Port of Corpus Christi and The Carlyle Group Agree to Develop Major Crude Oil Export Terminal on Harbor Island Project would create first onshore location in the U.S. Gulf capable of servicing fully-laden Very Large Crude Carriers Contemplated venture creates a new Partnership where both the Port of Corpus Christi and Carlyle would jointly fund […]