Americas
Total inks 20-year deal to buy LNG from Cheniere export project in Louisiana
The pact - along with additional indications of interes - allows Cheniere to move ahead with the development of the fifth train. The company's LNG-export project at its Sabine Pass operation initially was designed and permitted for as many as four modular LNG trains. A sixth train also is being considered.
NuStar to sell small San Antonio refinery to Calumet
The 14,500-bpd, soon-to-be-sold refinery produces and sells various products, including jet fuels, ultra-low sulfur diesel, and other highly specialized fuels. The Elmendorf terminal, located about 12 miles away from the refinery, stores the crude oil that is processed at the refinery.
Chevron offers $149 million to settle civil lawsuits over Brazil oil spill
The deal would settle two civil lawsuits seeking more than $20 billion in damages, although a criminal case involving Chevron and others will continue, the prosecutor's office said. The deal can be approved if regulators confirm that the spill did not cause any environmental damage.
Air Liquide starts up new Texas nitrogen liquefier
The liquefier, the second of two now in operation at the Cleburne facility, has recently begun commercial production. The increased capacity will enable Air Liquide to increase its supply of liquid nitrogen to customers in a range of industries, including electronics, oil and gas, and chemicals.
Akzo Nobel sells North American paints unit to PPG
U.S. Deco, as the Akzo Nobel unit is known, was hit hard by the slump in the US construction and housing market, struggling to compete with bigger US rivals, such as PPG and Cleveland-based Sherwin-Williams. Akzo Nobel originally acquired the business as part of its 2008 acquisition of UK chemicals group ICI.
PetroChina joins Encana in Canada gas, liquids play
Encana said said it reached a deal with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to jointly develop Encana's Duvernay natural-gas-and-liquids play in west-central Alberta. The latest deal is one of four major Chinese energy investments in Canada this year.
US shale gas to sustain chemical industry despite slow manufacturing – ACC
Though rising uncertainty over the fiscal cliff, debt ceiling and tax reform have hindered business confidence, the most important domestic energy development in the last 50 years is poised to reshape American manufacturing, with access to vast shale supplies creating a competitive advantage.
Shell to collaborate in FLNG with Technip, Samsung
The agreement between the firms builds on the existing relationship, formed in 2009, to ensure the companies can capitalize on insights gleaned from the design and construction of Shell's Prelude FLNG facility in Australia and expand their technology offerings to the global energy market.
Delta Air to lose money on Trainer refinery in Q4, but future savings expected
The airline attributes the loss during the quarter to Superstorm Sandy, which battered the US East Coast in September. The storm hit just after Delta restarted its 175,000 bpd refinery in Pennsylvania after spending the summer on maintenance work to maximize jet-fuel production.
US ethylene industry to expand 35% by 2017
The ongoing shale gas revolution is boosting prospects for the US ethylene sector, which could raise its capacity by more than a third by 2017, according to a new report. Strong ethane production has helped to lower prices and made the US petrochemicals industry more competitive.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
