Irving Oil Ltd., the operator of Canada’s largest crude oil refinery, is reviewing strategic options that may include putting key refining and fuel distribution assets up for sale worth billions of U.S. dollars. Other options include a change in its portfolio of assets and how it operates them, although “no decisions have been made on where this strategic review may lead,” the company said on its website on Wednesday. The review raises the possibility that some major US facilities could change hands. The Irving refinery in Saint John, New Brunswick has the capacity to process 320,000 barrels of oil per…
Author: Automotivedealernews.com
Exploration in the Americas is heating up, with energy data and intelligence company TGS announcing three projects in the region in recent days. On Thursday, the company, “in a strategic partnership with SLB,” announced the start of the Engagement 4 Ocean Bottom Node (OBN) multi-client acquisition in the US Gulf of Mexico. The acquisition of Block 152 OCS, the sparse OBN survey is ongoing, the company noted, noting that this project expands the contiguous data coverage of earlier phases west of Green Canyon. “In an area known for increasingly difficult subsurface imaging, the application of a full waveform inversion using…
Saudi Arabia’s plan to cut oil production by around 10% could seriously affect its finances. Sunday’s decision, which will see the kingdom cut crude output to 9 million barrels a day next month and perhaps beyond, has failed to boost prices much. Oil futures have risen less than 1 percent since Energy Minister Prince Abdulaziz bin Salman announced the unilateral cut after an OPEC+ meeting. The prince, speaking in Vienna, described him as a “lollipop” to other members of the producers’ cartel. The kingdom’s fiscal outlook was worsening even before this weekend. The budget was in deficit for the last…
MADRID, June 8 (Reuters) – U.S. electric car maker Tesla ( TSLA.O ) is in talks with leaders of Spain’s Valencia regional government to make an automotive investment, a source close to the the discussionsA spokesman for the Generalitat de Valencia told Reuters it had held meetings and talks with an unidentified company about a “big investment in the automotive sector”, but declined to give further details, citing the confidentiality of the negotiations.An independent source confirmed that the company in question was Tesla. Spanish business newspaper Cinco Dias cited sources as saying the investment would be a car factory and…
Automotive Touch Screen Control Systems Market is Forecast to Reach USD 17.7 Billion by 2032, at a CAGR of 6.80% – Market Research Future Report (MRFR) New York, USA, June 08, 2023 (GLOBE NEWSWIRE) — According to a comprehensive report by MRFR/Market Research Future (MRFR), “ Automotive touch screen control systems market Research Report Insights by Region, Product, and Application: Forecast to 2032 “, Automotive Touch Screen Control Systems Market to Reach USD 17.7 Billion at a CAGR of 6.80% in 2032, according to the recent Market Research Future report. Automotive Touch Screen Control Systems Market Analysis Touch screen systems…
The four-cylinder mill is mated to a six-speed manual transmission. 08 June 2023 at 7:49 ET For the 2024 model year in the U.S., even in its base form, the Porsche Cayenne comes with a turbocharged 3.0-liter V6 that makes 348 horsepower and 368 lb.-ft. That makes it more powerful than the first-generation Cayenne S with its naturally aspirated 4.5-liter V8, which had 335 hp and 310 lb-ft. But if performance and speed aren’t what you’re looking for in a Cayenne, this 2004 Cayenne S may meet your needs. The vehicle recently went on sale in Ukraine as a first-generation…
Two major forces have combined to lower commodity prices due to the sharp increases seen last year, BofA Global Research said in a report sent to Rigzone this week. “First, the Fed has raised interest rates at one of the fastest rates in decades in the past 15 months to contain the sharpest rise in inflation in four decades,” analysts at BofA Global Research said in the report. “In turn, the rapid rate hikes have caused a sharp contraction in M2, triggered a banking crisis and helped reduce inflation,” they added. “Second, faced with the twin evils of inflation and…
TDS Racing’s LMP2 entry will have to serve a three-minute penalty at the 24 Hours of Le Mans after Steven Thomas fell under yellow flags in Wednesday’s opening practice session. Co-author: Stephen Lickorish 35 m TDS’ ORECA-Gibson 07 entered under the Tower Motorsports banner suffered serious damage when Thomas set TF Sport’s Aston Martin Vantage GTE in motion which Casper Stevenson had spun into the fast sweeper barriers earlier of Tertre Rouge. Several cars avoided the stalled machine before bronze driver Thomas, who was a late replacement for original contender John Farano after the Canadian’s IMSA SportsCar Championship…
“USD Analytics | Market Research and Business Consulting”The increasing need for mercury control technologies in industrial air purification applications is expected to increase the demand for the activated carbon market.Activated Carbon Market Research Insights 2023ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your email and you’ll also receive the latest morning update from Benzinga AND a free gift card of $30 and up!According to the latest research report published by USD Analytics, the global “Activated Carbon Market” expected to grow at a whopping CAGR of 9.5% during the forecast period 2023-2030.Activated carbon, commonly known as activated carbon, is used in…
David Ross, editorThursday, June 8, 2023 Peugeot has unveiled a new panoramic i-Cockpit design that will make its debut in the upcoming Peugeot 3008 later this year. The next-generation i-Cockpit features a 21-inch HD curved panoramic display along with a redesigned compact steering wheel and touch-sensitive i-Toggles. This year marks the 10th anniversary of Peugeot’s i-Cockpit and the new design brings together two of the three core elements of the i-Cockpit: the raised front display and the large central touchscreen. They are now integrated into a curved panoramic display made up of a single 21-inch high-definition panel that stretches from…