Petrobras Will Have to Prove to Chevron That the Pasadena Refinery Is Still Operational

Written by Paulo Nogueira

Published on 23/04/2019 at 08:29

Updated on 23/04/2019 at 08:34

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One Day After The Reforms And Maintenance Of The Pasadena Refinery Began, Chevron Decided To Halt The Transfer And Ask Petrobras To Prove That The Facility Will Function As Promised After The Deal Is Closed, Says Sources Linked To The Market

Chevron Corp demanded from the Brazilian state-owned company Petrobras proof that the much-discussed Pasadena refinery is still operational before taking full ownership of the facility in Texas, according to sources linked to this market. As We Reported Here On The Portal In January 2019, Chevron announced in international trade media that it would acquire the Pasadena Refining System Inc (PRSI) for US$ 350 million. It was designed to process about 112,229 barrels of oil per day and is still owned by Petrobras.

On April 2, the transfer to Chevron ended up being aborted, just as the refinery had started the reforms and maintenance one day earlier.

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Petrobras Will Have to Prove to Chevron That the Pasadena Refinery Is Still Operational

One Day After The Reforms And Maintenance Of The Pasadena Refinery Began, Chevron Decided To Halt The Transfer And Ask Petrobras To Prove That The Facility Will Function As Promised After The Deal Is Closed, Says Sources Linked To The Market

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Petrobras Will Have to Prove to Chevron That the Pasadena Refinery Is Still Operational

One Day After The Reforms And Maintenance Of The Pasadena Refinery Began, Chevron Decided To Halt The Transfer And Ask Petrobras To Prove That The Facility Will Function As Promised After The Deal Is Closed, Says Sources Linked To The Market

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

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Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

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