Americas
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
M&G to build new PET, PTA plants on US Gulf coast
Mossi & Ghisolfi (M&G) will build a 1mn tonne/year polyethylene terephthalate (PET) plant along the US Gulf coast with an adjoining 1.2mn tonne/year terephthalic acid (PTA) plant to supply feedstock, company officials said.
Honeywell triples capacity of blowing agent for polystyrene board, notes growing demand
Honeywell has tripled production capacity for its low-global-warming-potential product HFO-1234ze to meet what it says is growing need for the material, used in multiple foam and aerosol applications.
Barge firm Kirby warns of increasing flooding along Mississippi as industry worries continue
US chemical shipper and barge firm Kirby said on Thursday that high water and flooding issues on the Mississippi River may have a greater-than-anticipated earnings impact, adding to logistics concerns for petrochemical and refining companies as rising waters move downstream.
Statoil awards Technip with engineering contract for Brazil offshore work
Statoil has awarded Technip with a three-year contract to cover feasibility, concept and front-end engineering design studies for Statoil’s existing offshore production fields and future developments in Brazil.
NPRA blasts US bill to repeal oil tax breaks as energy execs testify to Senate
The president of the National Petrochemical & Refiners Association (NPRA) spoke out on Thursday against US Senate proposals to eliminate tax breaks for major oil producers, alleging that such policy would give foreign competitors an unfair advantage.
Albemarle acquires biodiesel catalyst firm Catilin
US specialty chemicals firm Albemarle has expanded its presence in the biofuels market by acquiring Catilin, a technology leader in the development and application of heterogeneous biodiesel catalysis.
Linde partners with Sapphire on CO2 algae-to-fuel project in US
Technology group Linde says it has entered into a multi-year agreement with algae-based crude oil producer Sapphire Energy to co-develop a low-cost system to deliver carbon dioxide (CO2) to commercial-scale, open-pond, algae-to-fuel cultivation systems.
Conoco CEO to speak at US Senate hearing, says higher oil taxes would discourage investment
ConocoPhillips CEO Jim Mulva will appear on Thursday at a Senate Finance Committee hearing in Washington, D.C., where he says he will outline the negative effects of proposed tax policy targeting major energy companies.
Southern Union, BG seek US approval to export LNG from Louisiana terminal
Two energy companies have applied for a US license to export liquefied natural gas (LNG) from their Lake Charles, La. import terminal.
- 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
