TransCanada Corp. said it will submit a claim that US President Barack Obama’s Nov. 6 denial of the company’s Keystone XL crude oil pipeline’s cross-border permit application was arbitrary and unjustified under Section 6 of the North American Free Trade Agreement. Source: News

Suriname state oil firm Staatsolie has completed the long-planned major expansion and efficiency project to double crude processing capacity and expand fuel production at the Tout Lui Faut refining complex about 12 miles south of the country’s capital city of Paramaribo. Source: News

Hebei Haiwei Group Co. Ltd. has let a contract to CB&I, Houston, to provide technology licensing and engineering design for a polypropylene (PP) unit to be built in Jingxian, Hebei Province, China. Source: News

Michael Crothers has been appointed president and country chair for Shell Canada Ltd. and Zoe Yujnovich has been named executive vice-president, heavy oil. Source: News

BP PLC has entered a deal with Indorama Ventures Public Co. Ltd., Bangkok, for the sale of its Decatur, Ala., petrochemicals complex as part of the company’s previously announced reorganization of its global petrochemicals business. Source: News

The overall merger and acquisition (M&A) deal count in the global upstream business plunged in 2015 as the weakness and volatility in crude oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook, according to analysis by IHS Inc. Source: News

Light, sweet crude prices for February fell moderately Jan. 5 on markets in New York and London, which analysts attributed to weaker-than-expected Chinese manufacturing statistics and US factory orders. Source: News

Bill Way has been appointed president and chief executive officer of Southwestern Energy Co., Houston, succeeding Steve Mueller. Source: News