Crude oil
HP Construction: North America
Sundrop Fuels, Inc., plans to construct and operate its first production facility on about 1,200 acres of land that it has purchased near Alexandria, Louisiana. The inaugural plant will use sustainabl..
HP Construction: Europe
Lummus Technology, a CB&I company, has been awarded a contract by CJSC Vostochnaya Neftechimicheskaya (VNHK), a subsidiary of OJSC Rosneft, for the license and basic engineering of a naphtha steam-cra..
HP Construction: Asia-Pacific
The Linde Group is set to build and operate a new hydrogen plant in the Jilin Chemical Industrial Park (JCIP) in northeast China. The company will be investing around €42 million in the first pha..
Argentina to push oil companies to invest more
Governors from Argentina's top 10 oil-producing provinces will meet next week in a bid to push oil and gas companies to increase oil and gas output. In a speech last week, Argentine President Cristina Kirchner bashed the industry for declining output and called on oil companies to boost production.
ExxonMobil licenses technology on oil sands steam injection to Baker Hughes
ExxonMobil has awarded the first license for its patented steam injection system and production method to Baker Hughes to improve the efficiency of in-situ oil sands projects. The technology provides more effective regulation and distribution of steam in long horizontal wells.
Shell CEO says Arctic focus on Alaska, Greenland
Shell’s plans to drill for oil and gas in the Arctic region will be centered on Alaska and Greenland, though the Anglo-Dutch major is also eyeing Russia's far north as an exploration frontier, said CEO Peter Voser. Vast hydrocarbon reserves are believed to lie off the coast of Greenland.
ERG sells 20% stake in Italian ISAB refinery venture to partner Lukoil
Italian refiner ERG will sell a 20% stake in its ISAB refinery joint venture to Russia-based partner Lukoil. The companies agreed to the ISAB venture in 2008, under which the Sicily-based refinery has a capacity of roughly 320,000 bpd. ERG will own 20% of the refinery, with Lukoil owning the other 80%.
OPEC sees no shortage of oil in any region
OPEC's secretary general said Monday that there is currently no shortage of oil anywhere, despite current supply concerns. Oil markets have been jittery by interruption of supply from countries such as Sudan and fears Iran may preempt a planned European embargo on its oil exports.
US Republicans plan new tactics to secure approval of Keystone XL oil pipeline
Politicians unveiled a bill that could push through approval of the project over the objections of President Barack Obama.
Shell CEO says current US gas prices too low for shale investment
Investment in shale gas won't be sustained if US natural gas benchmarks stay at their currently depressed levels, Shell chief executive Peter Voser said. US natural gas prices have fallen to their lowest point in a decade as new technologies allow producers to access vast untapped gasfields in Pennsylvania and Texas.
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- Borouge collaborates with Yokogawa on autonomous AI control room 8/27
- First of five pyrolysis reactors delivered to the tire recycling plant in Uddevalla 8/27
- BASF to increase sustainability across the plastic lifecycle with additive solutions and services 8/27
- BASF and Yara end joint project for low-carbon ammonia at U.S. Gulf Coast 8/26
- U.S. jet fuel consumption growth slows after air travel recovers from pandemic slowdown 8/26
