Europe
IEA raises forecast for global oil demand in 2013, citing strength in China
In China, which alone accounted for two-thirds of total oil demand growth in the four years to 2011, infrastructure spending, stronger electricity use and increased rail usage could underpin an increase in demand, the IEA said. In Europe, however, the picture still remains bleak.
Bechtel awarded FEED work for Mozambique LNG
Bechtel is developing a design for a multi-train liquefaction plant with a nominal train capacity of 5 million tpy of LNG, and an overall LNG park plan that will allow for future expansion of the facility to approximately 50 million tpy. First commercial LNG sales from the facility are planned for 2018.
RWE, Shell launch integrated sulfur, carbon capture plant at UK power station
RWE reported capturing the first tonne of CO2 at the joint demonstration plant. The announcement of ‘first capture’ highlights the successful commissioning of the ground-breaking regenerable carbon capture testing campaign, which will see 90% of CO2 captured and essentially all SO2 captured.
Neste Oil joins EU renewable aviation fuels project
Rather than aiming for any commercial gain from the project, the members of the consortium will focus on building up common research and test data on the use of renewable aviation fuel, in areas such as logistics and the practical issues related to fueling associated with scheduled flights in Europe.
KBR wins engineer work on new Cambodia refinery
Under the terms of the contract, KBR said it will provide licensing and basic engineering services for the 1.2 million tpy VCC unit that will process refinery vacuum residues into naphtha and Euro 5 diesel products. CPC is the first refinery in Cambodia, with a crude capacity of 5 million tpy.
BP outlook shows North America shale oil boom putting pressure on OPEC
BP's forecasts illustrate the extent to which the North American boom, first in shale gas production and now in shale oil, has redrawn the global energy map. However, the company doesn't expect the shale revolution to spread by 2030 on any great scale to Asia or Europe.
KBR to revamp, expand Hungary ammonia plant
As a leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 200 ammonia plants worldwide, representing approximately half of current global ammonia production. Financial terms were not disclosed.
UK rejects requests to stop Arctic oil, gas drilling
The UK government said that while it recognized the risks of drilling for hydrocarbons in the sensitive Arctic region, high environmental and drilling standards, efforts to enhance oil spill prevention and response mechanisms would be more effective than a complete ban.
Nitrogenmuvek awards work to KBR for revamp of Hungary ammonia plant
As a leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 200 ammonia plants worldwide, representing approximately half of current global ammonia production. Financial terms were not disclosed.
Gazprom poised for weakening European gas sales amid economic woes
Gazprom's sales are likely to fall further in 2013 as weak economic conditions lead to continued low demand in Europe, the company's key market for natural gas. Europe and the FSU remain key markets for Gazprom, which has a monopoly on the export of Russian natural gas.
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- 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
