Americas
HP Construction: North America
BioAmber and Mitsui & Co. have partnered to build and operate a manufacturing facility in Sarnia, Ontario, Canada. The initial phase of the facility is expected to produce 17,000 metric tons of biosuc..
HP Construction: South America
MODEC, Inc., has commissioned a UOP Separex membrane system for processing natural gas on a new floating production, storage and offloading (FPSO) vessel. The FPSO is using the Honeywell UOP Separex m..
US oil demand fell in November on lower gasoline consumption - API
Total US petroleum deliveries (a measure of demand) fell 1.1% in November compared with November a year ago, pulled down by a 1.8% decline in motor gasoline demand to an 11-year low for the month, according to a monthly report from the American Petroleum Institute (API).
US refining profits poised to drop in 2012
As a WTI cost advantage fades, the sluggish US economy will play a bigger role in profits made from the sale of refined petroleum products.
Chesapeake Midstream to buy Chesapeake Energy Marcellus shale assets
Chesapeake Midstream Partners agreed to buy midstream assets in the Marcellus Shale ultimately owned by Chesapeake Energy Corp. for $865 million. The acquired unit gives Chesapeake Midstream a 47% holding of an integrated system of assets consisting of about 200 miles of gathering pipeline in the Marcellus Shale.
Petrobras says one dead, two injured from Brazil rig accident
Petrobras said a worker died and two were slightly injured in an accident on the company's PUB-03 oil rig in offshore waters in Rio Grande do Norte state, northeast Brazil on the night of Dec. 26.
Petrobras halts some Reduc refinery ops after fire
Brazilian state-controlled oil producer Petroleo Brasileiro, or Petrobras, said it halted operations at a distilling unit at its Duque de Caxias, or Reduc, oil refinery in Rio de Janeiro state Monday due to a small fire. The incident won't cause any shortfall in products output.
Venezuela's PdVSA signs gas supply contract with Eni, Repsol
Venezuelan state energy giant Petroleos de Venezuela signed a supply contract with Italy's Eni SpA and Spain's Repsol YPF that will allow for development of the South American country's massive offshore Perla gas field. Project development has been slow, which some critics attribute to red tape and regulatory uncertainty emanating from President Hugo Chavez's government.
US energy R&D spending forecast up 23% for 2012
Energy-related research and development (R&D) sponsored by US manufacturers and technology firms will reach nearly $6.7 billion in 2012, up 23.1% from 2011, according to a forecast from research group Battelle. Overall, global spending by energy-related companies is expected to grow by 7.8% to reach $17.9 billion.
US fuel prices may become volatile after Northeast refinery closures
The Energy Information Administration (EIA) warns that a lack of supply flexibility could lead to price spikes in early 2012.
- 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
