Americas
BP/Davy select EPC firms CB&I, Jacobs and Shaw for Fischer Tropsch deployment
BP and Davy Process Technology announced collaborations with three EPC contractors to promote the commercialization of the BP/Davy Fischer Tropsch process.
Nuevo Midstream to restart Texas natural gas processing plant
Nuevo Midstream said on Monday that with the addition of a recent 6,500-acre dedication in the Avalon Shale trend, the company has sufficient acreage, volume and well commitments to recommission its refrigerated JT processing plant and fractionator near Orla, Texas.
Enterprise to expand propylene fractionation capacity in Mont Belvieu, Texas
Enterprise Products Partners plans to expand its polymer-grade propylene (PGP) fractionation facility at the partnership’s complex in Mont Belvieu, Texas, which will add approximately 7,500 bpd of incremental PGP production.
LINN Energy inks $220mn deal for oil, natural gas assets in Texas, Oklahoma
LINN Energy announced on Monday that it signed an agreement with Panther Energy and Red Willow Mid-Continent to acquire 40% of their oil and natural gas properties located in Ochiltree and Lipscomb Counties, Texas and Ellis County, Oklahoma for $220mn, subject to closing conditions.
Engineering group Howden acquires Dutch firm Thomassen Compression Systems
Global engineering group Howden has acquired Thomassen Compression Systems BV, complementing Howden’s existing range of compressors and opening up a wider market in the oil and petrochemical industries, the company said.
Global PVC growth to continue, but new China capacity will limit op rates - report
Polyvinyl chloride (PVC) demand growth is forecast to continue in 2011, but the start-up of additional capacity in China will lead to global operating rates remaining low, according to a new report from US-based consultancy ChemSystems.
Ontario government chooses Rentech renewable jet fuel project for biomass supply
Rentech said its proposed renewable energy center (Olympiad project) in White River, Ontario, has been selected by the Canadian province for a proposed supply of up to 1.1mn cubic metres/year (1.3mn US tons/year) of Crown timber.
Consultancy KBC predicts global refining margins under pressure through 2015
Energy consultancy KBC Advanced Technologies foresees global refining margins continuing under pressure as recovering global demand is met by a wave of new refining capacity construction, keeping global refining utilisation rates at around 85% of nameplate capacity at least through 2015.
IHS acquires chemical consultancy CMAI
US-based information and analysis provider IHS announced this week that it has acquired consultancy Chemical Market Associates, Inc. (CMAI), a leading provider of market & business advisory services for the global petrochemical, specialty chemicals, fertilizer, plastics, fibers and chlor-alkali industries.
Fluor reports record backlog of orders, sees new Q1 projects nearly double from 2010
Fluor reported a record backlog of orders on Friday, saying that new project awards in the company’s first quarter nearly doubled year-earlier levels. The US-based contractor noted the growth in orders as part of its first-quarter earnings, which saw profit climb 2.3% to $140mn amid strength in the company’s industrial and infrastructure business.
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- 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
