.May 6, 2025

Oil prices and refinery margins fell slightly in first quarter of 2025

During Q1 2025, crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. Read More

A case study for delivering remote solutions for pipeline integrity

After experiencing difficulties finding a rental company that could deliver to their job sites, a premier provider of asset integrity testing and certification of United States pipelines reached out to HOLT Industrial Rentals for a solution.

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U.S. Army Corps targeting fall decision for Enbridge Line 5 tunnel

The U.S. Army Corps of Engineers said it expects to make a decision this fall whether to grant a permit to Enbridge's proposed Great Lakes tunnel for its Line 5 oil pipeline project. Read More

PBF restores partial operations at Martinez refinery after February fire

PBF plans to continue operating in this limited configuration until it can fully restore all systems. The restart of the remaining units is targeted for the fourth quarter of 2025. Read More

Sunoco to acquire Parkland for $9.1B

Sunoco LP and Parkland announced that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1B, including assumed debt. Read More

Venture Global secures $3B loan for CP2 LNG project

CP2 intends to use the net proceeds of the CP2 Bank Loan to pay project costs and fund reserves for debt service, fees and other expenses associated with the facility. Read More

Valuable Resources

• BIC Attends: Coating Society of Houston Tradeshow 2025

• BIC Webinar: Practical application of digital technology for mechanical integrity programs
• BIC Video: The 2005 bp Texas City explosion 20 years later
  
• Featured Content: Comparison of a bladder tank installation vs. a FireDos proportioning solution

Upcoming Industry Events

• The 38th Annual Safety Excellence Awards - May 16, Galveston, TX

• 2025 Annual VPPPA Safety Conference - May 19-22, Corpus Christi, TX

• Solar & Energy Storage Summit - May 23-24, Denver, CO

• 6th American LNG Forum - May 27-28, Houston, TX

Top Jobs of the Week

• Scaffolding Sales and Estimation - Denver, CO
• Sales Manager - Houston, TX
• Business Development Manager - Houston, TX
• Outside Sales - Houston, TX

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