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Technip awarded €100mn EPC contract for Canada oil sands project

France-based Technip said it has been awarded an engineering, procurement and construction (EPC) support contract worth approximately €100mn for the Horizon oil sands project in Fort McMurray, Canada.

Siemens wins supply contracts for topside solutions on FPSO project in Brazil

Siemens Energy has been awarded several contracts for the supply of topside solutions including power generation, water injection and power distribution packages for a Brazilian FPSO (floating, production, storage and offloading) project.

LyondellBasell likely to raise US ethylene capacity, may build new cracker - CEO

Global petrochemicals major LyondellBasell is likely to raise its ethylene capacity at two US sites and is considering building a new cracker, CEO Jim Gallogly said on Monday.

NOVA inks ethane supply deal from Marcellus shale

NOVA Chemicals said it signed a memorandum of understanding with a wholly-owned subsidiary of Range Resources for a long-term supply of ethane from the Marcellus shale basin.

Mexico needs new oil investment to avoid becoming net importer by 2020 - study

Without sufficient investments in upstream oil field activities utilizing new and advanced technologies, Mexico faces the prospect of becoming a net oil importer in 10 years, according to a new research study.

Record US natural gas demand in 2010 boosts growth outlook - institute

According to the US Energy Information Administration (EIA), the total of more than 22.1 trillion cubic feet of natural gas demand in 2010 was the highest-ever level in the US - exceeding the previous high point established in 2000 by more than 10%

EIA releases annual US energy outlook, sees strong growth in shale production

The US Energy Information Administration (EIA) this week released the complete version of its 2011 annual energy outlook (AEO2011), which includes 57 sensitivity cases that show how different assumptions regarding market, policy, and technology drivers affect prior projections of energy production, consumption, technology, and market trends.

Albemarle touts new technology to extract lithium from brine, cites growing global market

US specialty chemicals producer Albemarle said on Friday that it has developed a proprietary technology for lithium extraction from brine.

Enbridge plans $175mn expansion of Texas shale transportation infrastructure

Enbridge Energy Partners will invest an additional $175mn to expand its East Texas shale infrastructure, the crude and natural gas transportation services firm said on Friday.

Methanex starts up production in Egypt, Canada

Global methanol producer Methanex said on Thursday that it had started production at its facility in Egypt as well as its Medicine Hat plant in Alberta, Canada, citing strong demand for the chemical.