Asia/Pacific
GE to supply compressors for Shell Australia FLNG
GE Oil & Gas has entered into an agreement with Technip to supply two steam turbine-driven compressors for the Shell Prelude floating liquefied natural gas (FLNG) project. The facility, which is to be based offshore Australia, will be the largest floating offshore facility in the world.
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).
Cabot JV opens black masterbatch plant in China
Cabot has opened its new masterbatch plant in Tianjin, China, the specialty chemicals producer said on Monday. Construction of the $20 million black masterbatch project began in February 2011.
Chevron inks sales deal from Australia LNG project
Chevron said it signed a sale and purchase agreement with Kyushu Electric Power Co. for the delivery of liquefied natural gas (LNG) from the Wheatstone project in Western Australia. Under the binding agreement, Chevron, together with Apache and Kufpec, will deliver up to 700,000 tpy of LNG to Kyushu Electric for up to 20 years.
Indian Oil plans to double refining capacity - report
Indian Oil Corp. plans to nearly double its refining capacity by March 2022 as an improving domestic economy is helping to boost demand for fuel products in India, an executive with the company said on Friday.
Johnson Controls to build China auto battery plant
Johnson Controls is investing $100 million to build a Start-Stop vehicle battery plant in China, citing increasing global demand for high-quality automotive batteries with environmentally-friendly Start-Stop technology.
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.
Air Products expands Korea nitrogen fluoride plant
Air Products is more than doubling its nitrogen trifluoride (NF3) capacity at its production facility in Ulsan, Korea. The new capacity is expected to be onstream in the second half of 2012.
INEOS licenses technology for China PP project
INEOS Technologies has licensed its Innovene PP process technology for the manufacture of polypropylene homopolymers, random copolymers and impact copolymers to the Ningxia Baofeng Energy in Ningxia, China. The 300,000 tpy Innovene PP plant will produce a wide range of polypropylene products to serve the growing market in China.
UOP wins technology deal for China propylene plant
Honeywell’s UOP has been selected by Fujian Meide Petrochemical Co. to provide key technology to help meet growing Chinese demand for propylene. The new propane dehydrogenation unit at the facility will use UOP's C3 Oleflex technology to produce propylene, a material used in the production of materials such as films and packaging.
- XRG to expand its global chemicals reach with takeover of Covestro 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
- India's Reliance stops importing Russian crude for refinery operations 11/21
