Americas
Praxair to acquire Houston welding-gas supplier
Praxair has agreed to acquire Houston-based Texas Welders Supply Co. (TWSCO), the companies confirmed on Friday, noting that the deal should close by December 31. TWSCO, a long-time distributor of Praxair, is the largest independent gas and welding products distributor in the greater Houston area.
ExxonMobil to consolidate businesses of fuels marketing, lubricants
The ExxonMobil board of directors will approve the consolidation of ExxonMobil Fuels Marketing Co. and ExxonMobil Lubricants & Petroleum Specialties Co. into ExxonMobil Fuels, Lubricants & Specialties Marketing Co., effective February 1, 2012.
HB Fuller to acquire global industrial adhesives business from Forbo
HB Fuller Co has signed an agreement to purchase the global industrial adhesives business of Forbo Group. Forbo is known for the breadth of its product line in all of HB Fuller’s core market segments, particularly packaging and durable assembly, according to Fuller officials.
Williams buys Marcellus gas assets in $750m deal
Williams Partners agreed to acquire a gas gathering system and other assets in the Marcellus shale from Delphi Midstream Partners in a deal valued at roughly $750 million based on Wednesday's close. The gathering system includes natural-gas pipelines in Pennsylvania and southern New York, as well as associated gathering facilities.
PBF plans $1bn Delaware City refinery expansion, includes new hydrocracker
US-based refiner PBF Energy and affiliate Delaware City Refining Co. on Thursday announced the $1 billion PBF clean fuels project, which includes the construction of a mild hydrocracker and hydrogen plant to be built at their Delaware City refinery. When completed, it will process streams from both the Delaware City refinery and PBF’s Paulsboro, N.J. refinery.
US coal industry sees limited 2012 upside - report
Softer export markets and natural gas displacement will outweigh benefits of lower stocks and consolidation for US coal producers in 2012, according to a new report. Domestic steam coal demand is in slow decline, and Fitch Ratings says it expects supply to remain disciplined.
Enterprise, Enbridge seek shipper commitments for US Seaway pipeline expansion
Enterprise Products and Enbridge will hold concurrent open seasons from January 4 through February 10, 2012, to solicit capacity commitments from shippers for an expansion of the Seaway pipeline and an extension of the pipeline into the Port Arthur/Beaumont refining market. ConocoPhillips was the previous owner of Enbridge's 50% stake.
Magellan, Copano plan Eagle Ford condensate line
Copano Energy and Magellan Midstream have formed a joint venture to deliver Eagle Ford Shale condensate to Corpus Christi, Texas. The initial capacity of the pipeline will be 100,000 bpd.
Westlake boosts planned capacity by 40% for Louisiana chlor-alkali project
Westlake Chemical is increasing the capacity of the previously-announced chlor-alkali plant to be located at its vinyls manufacturing complex in Geismar, Louisiana. Site work is currently underway for this new facility and the project is targeted for start-up in the second half of 2013.
Koch Pipeline starts up South Texas crude terminal
Koch Pipeline has started up operations at its Helena terminal in Karnes County, Texas, and is now receiving Eagle Ford crude oil, according to the company.The terminal will allow more efficient transportation of crude oil by eliminating the distance trucks have to travel.
- 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
