Europe
BP may use sale proceeds from TNK-BP to boost stake in Russia's Rosneft
BP's commitment to Russia follows a meeting of BP chief Bob Dudley, BP chairman Carl Henric Svanberg, Rosneft CEO Igor Sechin and Russian President Vladimir Putin. "If we're successful at selling our stake, we'd be interested in buying a share in Rosneft," a BP spokesman said. BP already owns 1.3% of Rosneft.
Eni to convert Venice refinery to biofuels plant
The Italian firm plans to start biofuels production in January 2014 and complete the conversion in the first half of 2015, citing a crisis hitting the European refining sector.
PGNiG builds gas link to Gdansk refinery in Poland
The agreement for PGNiG to supply the Gdansk-based refinery with natural gas, one of the largest supply contracts signed in recent years, fits into PGNiG's strategy of increasing gas sales, said CEO Grazyna Piotrowska-Oliwa. Grupa Lotos will initially receive 340 million cubic meters/year of gas.
EU plans to limit use of food-based biofuels
The European Union's climate-change commissioner Connie Hedegaard and energy commissioner Guenther Oettinger said Monday they wanted to cap the share of energy in the transportation sector from food crop-based biofuels - such as rapeseed or palm oil - at current levels.
Nigeria throws doubt on planned $1.7bn refinery
In a statement, Niger Delta Refinery said it has found investors willing to spend $1.7 billion building a refinery in Nigeria. But Nigeria's regulator for petroleum resources said the project still requires government approval, undermining claims that the project was just awaiting completion of "formalities."
IEA sees high refinery activity boosting fuel supply
The Paris-based energy watchdog, which represents major oil-consumer nations, expects refiners to process around 75.7 million bpd of crude in the third and fourth quarters, 1.3 million bpdmore than in the last quarter of 2011. Behind the output rise is unexpectedly high production in developed economies.
Emerson to supply automation for Vopak terminals
Under the agreement, Emerson will design, configure, and implement digital automation systems for all new automation projects at Vopak terminals, as well as provide ongoing support services for new and existing automation systems. Financial terms of the agreement were not disclosed.
Lotte Chemical awards construction deal to Jacobs for PET project in UK
The new 200,000 tpy PET plant being built at Wilton is located on an integrated PTA and PET site, adjacent to Lotte’s existing PET plant. The addition of the new line fortifies the capacity of Lotte Chemical’s existing T8 facility and supports its transition into a wider range of PET products.
Total, Lukoil select Foster Wheeler for Netherlands hydrocracker upgrade work
The objective of the project is to maximize the throughput of the distillate hydrocracker by debottlenecking the unit’s reaction and fractionation sections of the distillate hydrocracker, the companies said. Foster Wheeler’s scope of work is expected to be completed by June 2014.
Tyco signs global agreement with Shell to provide pressure relief valves
The five-year agreement covers Crosby and Anderson Greenwood direct acting and pilot-operated pressure relief valves, line block relief valves and supporting services for all of Shell's global operations. During 2011, Tyco was also selected by Shell to provide butterfly valves in a similar arrangement.
- 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
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
- India's Nayara Energy buys only Russian oil in Dec for 5th straight month 1/15
