Americas
Dresser-Rand says new centrifugal compressor represents major advance in technology
In what it claims is a major advance in centrifugal compressor technology, Dresser-Rand said on Thursday that it successfully engineered, manufactured and tested the world's highest-density centrifugal compressor for re-injection service.
IEA warns that high oil prices are hurting economy, seeks additional supply for refiners
The governing board of the International Energy Agency (IEA) says it has serious concerns that that the rise in oil prices is constraining the global economic recovery. In a statement issued on Thursday, the board said there was a “clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market”, particularly given the seasonal increase in demand from May to August.
Fuel prices unlikely to deter Memorial Day travel – US auto group
The American Automobile Association (AAA) projects 34.9 million Americans will travel 50 miles or more from home during the approaching Memorial Day holiday weekend, a slight increase of 0.2% – or 100,000 travelers – from the 34.8 million people who traveled one year ago.
US predicts active 2011 hurricane season, may threaten Gulf refiners, petchems
The Atlantic basin is expected to see an above-normal hurricane season this year, according to the seasonal outlook issued on Thursday from the US National Weather Service, potentially threatening refining and petrochemical operations along the US Gulf coast and eastern seaboard.
US Senate blocks two oil bills as Democrats, GOP clash over gas prices
Two oil-related bills were blocked this week in the US Senate along partisan lines, as Democrats and Republicans continue to propose differing solutions to reduce retail fuel prices.
Honeywell to buy US phenol/acetone plant from Sunoco for $85mn
US refiner Sunoco said on Wednesday that it has agreed to sell its 1 billion pounds/year phenol and acetone manufacturing facility in Philadelphia for $85mn to Honeywell.
BASF awards Technip with umbrella contract for chemical project work
Germany-based chemical major BASF awarded Technip with an umbrella contract for engineering services on its chemical and petrochemical projects. Both companies are contemplating a long-term partnership, they said, which would provide BASF access to the resources of Technip for its capital investments notably in Europe, but also in other regions.
Shaw renews contract with Albemarle for engineering work at US specialty chemical sites
The Shaw Group said on Wednesday that it renewed a contract with Albemarle to provide maintenance, engineering, construction, reliability, operations and other labor services at Albemarle's specialty chemicals manufacturing locations in Arkansas, Louisiana, Pennsylvania, South Carolina and Texas.
CB&I wins $50mn Canadian oil sands project
Engineering and construction firm CB&I said on Wednesday that it won a $50mn project to build storage tanks at a Canadian oil sands project near Fort McMurray, Alberta.
BP, Conoco discontinue $35 billion Alaska gas pipeline project
The $35 billion Denali - Alaska Gas Pipeline venture between subsidiaries of BP and ConocoPhillips has been discontinued due to a lack of customer interest, according to officials.
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
- China's refined oil exports dip 0.6% in June but hit 12-month high 7/18
- What's in the EU's 18th sanctions package against Russia? 7/18
- Shell Catalysts & Technologies, Technip Energies sign global alliance agreement for carbon capture delivery 7/17
