Americas
Technip wins Brazil fertilizer plant engineering deal
Technip was awarded a contract for providing basic and front-end engineering services on Petrobras’ grassroots fertilizer complex to be located at Uberaba, state of Minas Gerais, Brazil. The deal was awarded within the framework of a cooperation partnership with Haldor Topsoe, Technip officials said.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Linde expands nitrogen, oxygen plant in Oregon
US-based gases firm Linde has expanded the capacity of its plant in Hillsboro, Oregon, to supply ultra-high purity (UHP) gaseous nitrogen and oxygen to semiconductor manufacturers in the Pacific Northwest.
Berkshire Hathaway closes on $9.7bn Lubrizol deal
Berkshire Hathaway has officially completed its acquisition of US-based specialty chemicals firm Lubrizol for $135/ share in an all-cash transaction. The transaction, having been overwhelmingly approved by Lubrizol shareholders and having met all US and non-US regulatory filing requirements, is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt.
Butamax disputes Gevo bio-isobutanol patent suit
Butamax Advanced Biofuels is disputing allegations of patent infringement on bio-based isobutanol from rival producer Gevo. “Gevo’s lawsuit against Butamax is baseless and irresponsible” said Paul Beckwith, CEO of Butamax. “When Butamax makes isobutanol, we do not use the technology claimed in the Gevo patents.
Huntsman plots expansion for US epoxy resins
US-based chemicals major Huntsman has begun initial plans to expand its epoxy resins product lines by launching a multi-million dollar engineering study at its facility in McIntosh, Alabama.
GE sees rising gas turbine sales in North America
GE has received more than $1 billion in orders for heavy duty and aeroderivative gas turbines for projects throughout North America in 2011, underscoring a growing trend to use abundant, cleaner-burning natural gas for power generation. That figure is up more than 10% from 2010, the company said.
BP given brunt of blame in final Gulf oil spill report
A final investigation report released by US regulators on Wednesday found BP largely at fault in the Deepwater Horizon rig explosion and resulting oil spill in April 2010.
Shell mulls new Louisiana-to-Texas crude pipeline
Shell Pipeline Co. is considering building a new pipeline segment (Westward Ho) to move crude from St. James, Louisiana to the Golden Triangle area of southeast Texas, the company said on Wednesday.
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
- Shell Aviation, Accenture, and Amex GBT expand Avelia into a multi-supplier SAF solution 7/16
- ORLEN and Krajowa Grupa Spożywcza sign MoU to accelerate biomethane production in Poland 7/16
- New plants, U.S. trade worries to drive China's 2025 naphtha imports to record 7/16
- Blue Water significantly reduces CO2 emissions by switching to HVO in port operations 7/16
- Swire Shipping launches new carbon insetting program – ‘Voyage to Zero’ 7/16
- China's surplus crude oil surges in June, giving refiners options 7/16
