Europe
EU sees 2020 clean energy target as unachievable
"While progress has been made until 2010, there are reasons for concern about future progress," the European Commission said. "Current policies alone will be insufficient to trigger the required renewable energy deployment in a majority of member states. Hence, additional efforts will be needed."
Valero awards engineering pact to Foster Wheeler for Pembroke refinery in UK
Foster Wheeler will provide home office front-end engineering design and detailed engineering design services to support new development and modification projects at the Pembroke refinery and other UK facilities. Terms were not disclosed. Valero acquired the Pembroke refinery in 2011.
UK's Centrica signs deal to import US natural gas
The contract with Cheniere Energy Partners will see Centrica import 1.75 millio tpy of gas, enough to power around 1.8 million UK homes, according to the firm. It is the first such deal between a US supplier and a UK utility. The deal is subject to Cheniere getting the necessary regulatory approval.
Huntsman plans expansion, upgrade for MDI plants in Louisiana, Netherlands
The Geismar capacity will be increased to 500,000 tpy, up from 450,000 tpy, through improved process technology developed by Huntsman. The expansion leverages the advantages of the Geismar site, with its access to US shale gas, strong logistics base and excellent integration, the company said.
Russia, China to sign memorandum on gas supply
The deal could potentially be reached to deliver 38 billion cubic meters of gas annually to China beginning in 2018, the person said. The two sides are still negotiating on price, said a person familiar with the talks.
EU takes Poland, Cyprus to court for not enforcing renewable energy rules
"The European Commission is referring Poland and Cyprus to the Court of Justice of the European Union for failing to transpose" the legislation, the commission said in a statement. It also proposed fines for the infringement -- 133,228.80 euros per day for Poland, 11,404.80 euros daily for Cyprus.
BG finalizes long-term LNG supply deal with India
Under the agreement, BG will supply state-owned Gujarat State Petroleum Corp., or GSPC, with up to 2.5 million metric tpy of LNG, concluding an initial agreement announced back in September 2011. Analysts estimate the 20-year gas contract could be worth around $20 billion.
Technip buys Norwegian engineering firm Ingenium
Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry, and provides engineering services for marine operations, such as the installation of pipes and cables. It is comprised of over 20 skilled engineers in the subsea business.
BASF plans German research lab for FCC catalysts, cites challenge of tight oil
The new BASF laboratory will begin operating in the first half of 2014, and will be used for hydrocarbon and FCC equilibrium catalysts standard analysis and characterization, FCC catalysts process methodology testing and related research activities, providing data to BASF and its regional customers.
TAIF awards engineering deal to Toyo for Russian refinery modernization
The modernization project at Nizhnekamsk will be completed in 2016. The upgraded complex will convert the following oil refinery heavy residues: 2,700,000 tpy of vacuum residue and 1 million tpy of vacuum gas oil with a high ratio of conversion to more high-quality oil products.
- TotalEnergies and Bapco Energies launch BxT Trading, a new player in the trading of petroleum products in the Middle East 1/14
- Advent Technologies and Airbus expand fuel cell technology for the aviation industry 1/14
- Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms 1/14
- Moeve supplies SAF to Condor flights from Tenerife South Airport to several German cities 1/14
- Chinese refiners' 2025 oil imports, December inflows both hit record highs 1/14
- Vietnam's Nghi Son refinery processes first batch of non-Kuwaiti crude oil 1/14
