Americas
Repsol to align with Pemex on downstream work in Americas, Spain, Portugal
Spain-based Repsol signed a strategic industrial alliance with Pemex, for 10 years, looking for synergies and profits in the short and medium term. The agreement involves cooperation in upstream and LNG in the Americas and downstream operations in the Americas, Spain and Portugal.
Natural gas output declines in lower 48 US states
Natural gas output in the Lower 48 US states in December eased 0.2%, or 0.14 billion cubic feet per day, to 72.54 billion cubic feet a day, government data released Wednesday show. The December data predate some modest output cuts unveiled in January as prices hit 10-year lows.
Blackwater to boost storage capacity at Georgia chemical terminal
Blackwater Midstream will add 60,000 barrels of chemical storage capacity at its terminal site in Brunswick, Georgia, the company said on Wednesday. The Brunswick site will grow from its current capacity of 161,000 bbl to a total of 221,000 bbl after construction is completed.
AspenTech buys German firm SolidSim Engineering
Aspen Technology (AspenTech), a producer and distributor of software and services to the process industries, has acquired SolidSim Engineering GmbH, a Germany-based provider of solids process modeling software. Terms of the transaction were not disclosed.
Linn to buy Kansas gas processing plant from BP
BP has agreed to sell its interests in the Jayhawk gas processing plant in Hugoton, Kansas, and associated producing gas fields in Kansas to an affiliate of LINN Energy. The $1.2bn sale is currently expected to complete on March 30, according to the companies.
EIA warns of diesel price spike if Sunoco closes Philadelphia refinery
Ultra-low-sulfur diesel fuel - already at a record high for this time of year - could spike higher if Sunoco proceeds with plans to shut the 335,000 bpd refinery in July.
BP in talks for $14bn Gulf oil spill settlement
BP and plaintiffs suing over the 2010 Gulf of Mexico oil spill are in talks for a $14 billion settlement funded by monies originally set aside by the company for out-of-court settlements, Bloomberg News reported Monday, citing three people familiar with the negotiations.
Blackstone to invest $2bn in Cheniere US LNG plant
Blackstone Group is investing $2 billion in a liquefied natural gas (LNG) operation by buying senior subordinated paid-in-kind units from Cheniere Energy. Cheniere will use proceeds to develop its Sabine Pass liquefaction project at the Sabine Pass LNG terminal.
TransCanada to move ahead with Gulf Coast leg of Keystone XL pipeline
The company will build the southern leg while a new application for the whole pipeline is reviewed by the US government.
Formosa eyes new olefins cracker in Texas
Formosa Plastics will build a 800,000 tpy olefins cracker, a 600,000 tpy propane dehydrogenation unit and a 300,000 tpy low-density polyethylene plant at its Point Comfort site.
- 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
