Americas
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.
ExxonMobil picks Technip for engineering on Texas lubricant base stock plant
ExxonMobil Chemical has selected Technip for engineering and management services on its grassroots lubricant base stock facility to be built at ExxonMobil’s integrated refinery and chemical plant complex in Baytown, Texas.
GE expands North America shale footprint, invests in Summit Midstream
GE Energy Financial Services, a unit of GE, is expanding its oil and gas footprint by investing in Summit Midstream Partners, which acquires and develops midstream energy infrastructure in unconventional North American production basins.
Houston gas processors hype shale at annual meet
The Houston chapter of the Gas Processors Association (HGPA) held its annual meeting on October 11 at the Pine Forest Country Club, complete with breakfast, presentations by industry executives, lunch, and an afternoon golf tournament. Shale gas development and new midstream projects were heavy focuses at the meeting, which drew more than 180 attendees.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- Armstrong International to double heat pump production capacity in Herstal, Belgium 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
