Americas
Global flowmeter market surging in 2011 amid high energy business - study
The worldwide market for flowmeters declined in 2010 but is expected to strongly rebound in 2011, according to a new ARC Advisory Group study. Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
Anadarko pays $4bn to BP to settle Gulf spill claims
BP said on Monday that it had reached agreement with Anadarko Petroleum on a $4 billion deal to settle all claims between the companies related to the Deepwater Horizon accident and resulting Gulf of Mexico oil spill in 2010.
Unilever inks renewable oils deal with Solazyme for use in consumer goods
Consumer goods company Unilever has agreed to a multi-year supply deal with US-based Solazyme in which Unilever will purchase commercial quantities of Solazyme’s renewable oils. Specific terms were not disclosed.
Enterprise sells US gas storage complex for $550m
Enterprise Products has agreed to sell its Mississippi natural gas storage facilities to Boardwalk HP Storage Co. for $550 million. The Mississippi facilities have approximately 29 billion cubic feet of total storage capacity.
US jobs report overlooks potential of oil, gas - API
American Petroleum Institute (API) executive vice president Marty Durbin said a recently-released interim report by President Barack Obama’s jobs council overlooks potential jobs in the oil and natural gas industry, one of the country's strongest job creators.
Plastics compounder A Schulman sees increased buying from Europe
US-based plastics compounder A. Schulman said Friday that it expects to report earnings of about $58 million for its fiscal year ended August 31, up from prior projections of between $50 million and $52 million of adjusted net income for the year.
US chemical group praises House bill to delay EPA boiler emissions rules
The Society of Chemical Manufacturers and Affiliates (SOCMA) on Friday commended the US House of Representatives for passing the EPA Regulatory Relief Act of 2011, thereby providing the agency with more time to re-propose key rules affecting SOCMA members, the group said.
Dow lauds US Congress for free trade agreements
Dow Chemical on Thursday congratulated the US House and Senate for passing the US-Colombia, South Korea and Panama Free Trade Agreements (FTAs). “This is an historic step forward for the US and our economy, as America has now made great strides in re-establishing its commitment to open trade, global markets and leadership on high-standard trade agreements," said CEO Andrew Liveris.
Global economic woes to curtail oil demand - report
Despite this month's recovery in crude oil markets, apparently driven by rising hopes for a plan to address the European debt crisis, global credit-watch firm Fitch Ratings said it sees the potential for global demand conditions to soften further over coming weeks as concerns over the outlook for the global economy mount.
ADM orders three ocean vessels for bulk shipping
US-based agribusiness major Archer Daniels Midland (ADM) has placed an order with Japan’s Sumitomo Corp. for the construction of three new post-Panamax dry-bulk oceangoing vessels, which will increase the size of ADM’s oceangoing fleet to 11 vessels.
- PyroGenesis announces completion of coke-oven gas valorization and H2 production project for Tata Steel 7/15
- New protein-based system enables plastic recycling with reusable enzymes 7/15
- CF Industries starts Donaldsonville (U.S.) Complex CO2 dehydration and compression unit, permanent CO2 sequestration 7/15
- Emerson introduces GenAI-enabled automation for power and water industries 7/15
- Trump's sanctions threat looms over Russian oil exports to China, India and Turkey 7/15
- China state refiners ramp up output on rising demand, stock rebuild 7/15
