Americas
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.
US chemical production shows improvement
January 2012 output rose on both a month-on-month and year-on-year basis, according to monthly figures from the American Chemistry Council (ACC) trade group.
Crude tank explodes at Texas fuel storage terminal
Firefighters have extinguished a crude oil tank fire that began Thursday night at a fuel storage terminal in Galveston, Texas, according to news media reports. The facility has the capacity to handle 1.25 million bbl of liquid cargo storage and 350,000 tons of dry flat storage, according to the Galveston Daily News.
Calumet, MDU to explore building diesel refinery in North Dakota
MDU Resources and Calumet say they will explore the feasibility of jointly building and operating a 20,000 bpd diesel refinery in southwestern North Dakota. Site selection, permitting, crude oil feed procurement, marketing and engineering studies are currently underway.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities 11/21
