Americas
Sinopec paying $2.2bn for Devon US shale acreage
Devon Energy reached a deal with Sinopec in which the Chinese oil major will pay $2.2 billion for a one-third interest in five alternative US shale plays. The deal includes positions across five shale regions: the Tuscaloosa Marine Shale, the Niobrara, the Mississippian, Ohio Utica Shale and the Michigan Basin.
Total enters US shale venture with Chesapeake
Paris-based energy group Total entered a joint venture with Chesapeake Energy to develop energy from shale formations in Ohio. Total will take 25% of the two companies' chunk of the Utica shale formation located in 10 counties in eastern Ohio.
BP asks Halliburton to pay full costs of '10 Gulf spill
BP is asking Halliburton to pay all costs tied to the cleanup of the disastrous spring 2010 Gulf of Mexico oil spill, media reports say. BP previously estimated the cleanup expense at $42 billion.
Celanese finalizes deal to acquire polyvinyl acetate lines from Ashland
US-based specialty materials producer Celanese completed its acquisition of certain polyvinyl acetate assets from Ashland. The deal was first announced in November, and financial terms were not disclosed.
Enterprise to build ethane pipeline from Appalachia to US Gulf
Enterprise plans to move ahead with a planned 1,230-mile pipeline to deliver growing ethane production from the Marcellus and Utica shale regions to the US Gulf coast. The pipeline will begin in Pennsylvania with 595 miles of new pipeline extending to Missouri, where Enterprise plans to reverse an existing pipeline and place it in ethane service.
Venezuela seen getting off 'lightly' in $908 million ExxonMobil settlement
An international arbitration panel awarded US oil major ExxonMobil $908 million in a verdict over oil assets nationalized by Venezuelan President Hugo Chavez in 2007. The payout is substantially lower than the $7 billion that Exxon was seeking in restitution.
Overcome challenges in treating shale gases
Manipulating process plant parameters helps meet pipeline specifications
Innovative APC boosts LNG train production
APC application yields significant operability, economic benefits
Apply new enhanced tubes to optimize heat transfer in LNG trains
New developments for heat exchangers reduce capital and plot size of key equipment
Improve process control for natural gas heat exchangers
Simulation model shows how to optimize plant controllability and safety
- 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
