Americas
Oil, gas production rates climb for Texas field amid new discoveries
Universal Bioenergy said Friday that joint venture partner Progas Energy Services continues to drill in the Premont Northwest oil and gas field in Jim Wells County, Texas, where it recently discovered more oil and gas and increased well production rates in several new zones.
Velan buys 70% stake in Italian valve company ABV
Canada-based industrial valve company Velan has acquired a 70% ownership stake in Italy’s ABV Energy S.p.A., a manufacturer of engineered valves, actuators and control systems supplied to energy markets.
Shell, Cosan launch sugarcane ethanol JV in Brazil
Shell and Cosan on Thursday officially launched their $12 billion joint venture that they say will become a leading producer of ethanol made from sugarcane. Named Raizen, the retail and commercial fuels company will operate in Brazil.
Navy climbers arrest environmentalists as drilling set to begin at Arctic oil rig
An occupation team from environmental activist group Greenpeace that scaled an Arctic oil rig to prevent deepwater drilling was arrested by climbers believed to be from the Danish navy.
Vopak, Enagas to acquire LNG terminal in Mexico
Global tank storage firm Vopak has partnered with Spain-based Enagas to acquire 100% of shares in the LNG import and re-gasification terminal in Altamira, Mexico.
PPG buys South Africa distributor Ducol Coatings
US chemicals and coatings producer PPG Industries has acquired the business of Ducol Coatings, which has served as an importer and distributor of PPG’s automotive refinish products in South Africa since 2003.
Buckeye purchases US terminal, pipeline assets from BP for $165mn
Buckeye Partners said it completed the purchase of 33 refined products terminals and 650 miles of pipeline from BP for $165mn.
Marathon Oil to buy $3.5 billion in Eagle Ford shale
Marathon Oil reached an agreement with Hilcorp Resources to purchase assets in the core of the Eagle Ford shale formation in Texas for $3.5 billion, subject to closing adjustments, customary terms and conditions.
CB&I awarded $40mn storage tank project from Bahamas refiner
CB&I has been awarded a storage tank project, valued in excess of $40mn, by the Bahamas Oil Refining Co.
Momentive completes sale of N America composites, coatings unit to European group
Momentive Specialty Chemicals said Wednesday that it had completed the previously-announced sale of its North American composites and coating resins business to PCCR USA, a subsidiary of European investment group Investindustrial.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Tasnee announced delay to SEPC's ethylene/polyethylene plant expansion project 4/15
