Crude oil
Murphy Oil to sell La. refinery to Valero for $625mn
Murphy Oil has agreed sell its 125,000 bpd refinery and related assets in Meraux, Louisiana, to Valero for $325 million in cash plus the value of hydrocarbon inventory, putting the overall sale value near $625 million.
Halliburton files Gulf oil spill lawsuit against BP
Halliburton on Thursday filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the Deepwater Horizon incident on April 20, 2010.
US Gulf producers shut in nearly half of oil capacity amid Tropical Storm Lee
Oil and gas operators around the Gulf of Mexico have begun evacuating platforms and rigs due to Tropical Storm Lee, with nearly 48% of oil capacity and 33% of natural gas production shut in. Lee intensified to become a tropical storm on Friday, according to the US National Hurricane Center (NHC), packing winds of 40 miles/hour.
Foster Wheeler wins engineering design deal for hydrogen unit at Kazakhstan refinery
Foster Wheeler has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on the company’s Terrace-Wall steam reforming technology, to be built at the Atyrau refinery in Kazakhstan.
Crescent Point buys North Dakota shale acreage
Crescent Point Energy has acquired approximately 750 boe/d of production and more than 78 net sections of lower-risk land in North Dakota through a pair of acquisitions. As a result of the deals, Crescent Point said it was upwardly revising its 2011 capital expenditure plans and production guidance.
Siemens opens Norway subsea technology center
Siemens invested more than €10 million in the refurbishment of a building in which new process equipment will be developed and manufactured. The new facility covering an area of 10,000 square meters will be the global research and development center for the company’s subsea oil and gas business.
Magellan Midstream to reverse Texas pipeline, take crude to Houston refineries
Magellan Midstream is proceeding with the reversal and conversion of a portion of the partnership's 18-inch Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system is expected to have an initial capacity of 135,000 bpd to refiners in Houston and Texas City, supported by long-term committed volumes for a portion of this capacity.
US Gulf oil producers shut in output as storm looms
Offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs due to an area of tropical disturbance (Invest 93 L), with nearly 6% of regional oil capacity already shut in. The system is likely to strengthen into Tropical Storm Lee either late Thursday or early Friday, according to the US National Hurricane Center (NHC), packing winds of at least 40 miles/hour.
PGI Energy forms new European division to trade petroleum products in UK
PGI Energy has established a new European division, registered in London and Wales to trade petroleum products throughout the UK, the energy holding company said on Wednesday.
Fluor, NAEP awarded mine construction contract at Canada oil sands
North American Energy Partners (NAEP) has been awarded a $127 million heavy civil construction contract with Fluor Canada at Syncrude’s Base Mine. The new contract at Syncrude is the first of several large construction contracts to be let relating to the mine train relocations at Syncrude's Base and Aurora Mines.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
