Americas
Air Products buys majority stake in Chile industrial gases firm Indura
The deal is expected to close by early July, subject to certain closing conditions. By taking a majority stake in Indura, Air Products will extend its Latin American presence to 12 countries, which it says will enable the company to benefit from greater economies of scale and a large talent pool.
CPChem awards Texas PE project work to Jacobs
The two polyethylene facilities planned are part of CPChem's US Gulf coast (USGC) petrochemicals project, to be located on a site in Old Ocean, Texas, near the existing Sweeny facility of Chevron Phillips.
Refiners pay $21.6mn to settle US hot fuel dispute
Six refiners agreed to settle a US class-action complaint that they sold motor fuel at prices that didn't reflect the effect of high temperatures on fuel volume and quality. BP, Exxon Mobil, ConocoPhillips and Shell each agreed to pay $5 million in settlements, while Sinclair and Citgo each agreed to pay $800,000.
GE, Sargas align on carbon capture technology for enhanced oil recovery
The Sargas power plant delivers significantly lower costs of electricity and captured CO2 per ton, therefore enabling the Sargas-led engineering, procurement and construction (EPC) consortium to offer industrial-scale volumes of economically competitive CO2 for EOR applications worldwide.
Korea Gas eyes US shale plays, targets LNG project
The state-run gas developer and supplier, known as Kogas, "will actively seek opportunities to buy good [shale-gas] assets' and will open its first US-based office in Houston by next month, Park Young-sung, executive vice president of the Resources Business Division, said in a weekend interview.
DCP to buy PVR gas processing plant in east Texas
The Crossroads gas processing system, located in Harrison county in East Texas, includes 8 miles of gas gathering pipe, an 80 million cubic feet per day cryogenic processing plant, about 20 miles of NGL pipeline and a 50% ownership in an approximately 11-mile residue gas pipeline.
EPA to approve Texas air emissions permitting plan
The US Environmental Protection Agency (EPA) says it will approve revisions submitted by the TCEQ to the state’s permitting program. The EPA and Texas have battled for years over the program, culminating with the EPA overturning the state’s flexible permit program two years ago.
Enbridge faces complaints of oil sands favoritism from Bakken producers
The dispute underscores the growing scramble for limited pipeline space, as burgeoning production from the Bakken and light, tight oil plays in Canada compete with the expanding oil sands for transportation space.
Phillips 66 eyes additional rail capacity to transport North Dakota shale oil
Phillips 66 is ordering 2,000 railcars to transport oil from shale fields in North Dakota to refineries on the US coasts. The company currently refines about 100,000 bpd of shale oil but says it can handle 500,000.
Enerkem opens cellulosic ethanol plant at Québec waste-to-fuel facility
Waste-to-biofuels and chemicals company Enerkem has begun initial production of cellulosic ethanol from waste materials at its demonstration facility in Westbury, Québec. Enerkem, which converts garbage into gases that are processed into ethanol and chemicals, may soon license its technology.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
