Economics
Brazil and Norway rank highest in transparent management of oil and gas resources
A new measurement of government public disclosure in managing oil, gas and minerals ranks Brazil and Norway highest among 41 countries for making public detailed information about these key resources, according to the Revenue Watch Institute (RWI) and Transparency International (TI).
GE snaps up Dresser for a cool $3 billion
GE has purchased Dresser, Inc. for $3 billion. The deal includes all of the Dresser businesses, which provide products and services for compression, flow technology, measurement and distribution infrastructure for customers in more than 150 countries.
Oil and gas reserves increased 3% in 2009
The worldwide upstream investment of 224 oil and gas companies decreased 23% to $378 billion in 2009, according to the 2010 Global Upstream Performance Review, released by oil and gas research firm IHS Herold.
Valero selling Paulsboro refinery
A subsidiary of Valero Energy Corp. has signed an agreement to sell the ownership of its 185,000 bpd Paulsboro refinery in New Jersey to PBF Holding Co., LLC, a wholly owned subsidiary of PBF Energy Co., LLC.
Interest groups say US Senate’s inaction on energy bill costing the US 1.9 million jobs
China and other leading nations have gained more than $11 billion in job-creating clean-energy investments – with the US losing an estimated $208 million every day – since the US Senate abandoned comprehensive clean energy legislation in late July, according to a new analysis from Small Business Majority, Main Street Alliance, American Businesses for Clean Energy and We Can Lead.
Branson sees Solazyme as a strategic investment
Solazyme, Inc., announced that Sir Richard Branson has invested in Solazyme's Series D financing. Branson has invested in Solazyme's financing in a personal capacity.
Klesch buys German refinery from Shell
Shell has agreed to sell its refinery in Heide, Germany, to Klesh.
Two fires shut down Neste Oil refinery in Finland
Reuters is reporting that two fires broke out at Neste Oil’s refinery in Naanatali, Finland.
US EIA’s short-term energy outlook released today
The US Energy Information Administration (EIA) came out with its short-term energy outlook today.
Financing secured for new Egyptian refinery
The Egyptian Refining Co. (ERC) has signed a debt package of $2.6 billion to finance construction of its $3.7 billion second-stage oil refinery in the greater Cairo area of Egypt.
- 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
