Crude oil
Petroplus mulls base oil closure at France refinery
Petroplus says it intends to suspend next year’s planned turnaround of the base oil complex at the Petit Couronne refinery in France, and is considering a reconfiguration of the refinery which would include a shutdown of the base oil complex.
IEA secures energy alliances with India, Russia
Officials with India and Russia each signed deals this week with the International Energy Agency (IEA), pledging to strengthen bilateral co-operation in areas such as oil and gas security, energy efficiency and renewables, and overall dialogue.
Fluor wins offshore engineering, design deal in UAE
Fluor was awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Co. (ADMA-OPCO) for new offshore facilities located at the Nasr Field about 30 kilometers northeast of Umm Shaif Super Complex in Abu Dhabi, United Arab Emirates (UAE).
Enterprise seeks shippers for proposed Texas NGL pipeline expansion
Enterprise Products has started the open season for Skelly-Belvieu Pipeline Co., a joint venture partially owned and operated by an Enterprise affiliate, in which it is seeking shipper support for a proposed expansion of the 570-mile Skelly-Belvieu natural gas liquids (NGL) pipeline.
Anadarko pays $4bn to BP to settle Gulf spill claims
BP said on Monday that it had reached agreement with Anadarko Petroleum on a $4 billion deal to settle all claims between the companies related to the Deepwater Horizon accident and resulting Gulf of Mexico oil spill in 2010.
Unilever inks renewable oils deal with Solazyme for use in consumer goods
Consumer goods company Unilever has agreed to a multi-year supply deal with US-based Solazyme in which Unilever will purchase commercial quantities of Solazyme’s renewable oils. Specific terms were not disclosed.
US jobs report overlooks potential of oil, gas - API
American Petroleum Institute (API) executive vice president Marty Durbin said a recently-released interim report by President Barack Obama’s jobs council overlooks potential jobs in the oil and natural gas industry, one of the country's strongest job creators.
Global economic woes to curtail oil demand - report
Despite this month's recovery in crude oil markets, apparently driven by rising hopes for a plan to address the European debt crisis, global credit-watch firm Fitch Ratings said it sees the potential for global demand conditions to soften further over coming weeks as concerns over the outlook for the global economy mount.
ExxonMobil picks Technip for engineering on Texas lubricant base stock plant
ExxonMobil Chemical has selected Technip for engineering and management services on its grassroots lubricant base stock facility to be built at ExxonMobil’s integrated refinery and chemical plant complex in Baytown, Texas.
IEA cuts global oil demand forecast for 2011, 2012
The International Energy Agency (IEA) on Wednesday again revised down its forecast for global oil demand in 2011 and 2012 amid lower projections for global gross domestic product (GDP) growth.
- XRG to expand its global chemicals reach with takeover of Covestro 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
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
