Europe
Vitol seals Swiss refinery purchase from Petroplus, plans July restart
Varo Holding SA, the joint venture between oil trader Vitol and investment firm AtlasInvest, has completed its purchase of the 68,000 bpd Cressier refinery and related assets in Switzerland from insolvent Swiss refiner Petroplus. Vitol says it will restart the plant in July.
Gastech '12: LNG project chief highlights London's global gas links
More than 85% of exhibition space has been sold, in excess of 350 international exhibitors are confirmed, and at least 10,000 visitors are expected to converge on London for the four-day October event.
Kobe Steel to expand compressor operations in Germany, UAE
Kobe Steel plans to establish two 100%-owned companies in July, one in Europe and the other in the Middle East, to expand the global marketing and servicing of its compressors. Nonstandard compressors are used in petrochemical plants, natural gas plants and other large facilities.
Technip wins FEED work on Sibur Russia PE project
The first contract concerns a linear low/high density gas phase polyethylene plant. Meanwhile, the second deal is for a high density slurry phase polyethylene plant, the company said. Each plant will consist of two parallel production trains with a total capacity of 1.5 million tpy of polyethylene.
Honeywell wins automation on Kenya fuel terminal
Honeywell has won a $2.4mn project to deliver a full automation solution for Petrocity’s Greenfield Konza terminal storage facility, located 60 km southeast of Nairobi, Kenya. The terminal will have a capacity to handle 120 million liters of gasoline, diesel and kerosene.
Shell, Vopak, Greenergy to buy Coryton UK refinery for use as terminal
Royal Dutch Shell, Royal Vopak and Greenergy have agreed to buy the majority of the assets of Petroplus’ Coryton refinery in England to turn it into an import and distribution terminal. The sale will be completed within several months, once the current refinery closure process has been concluded.
Gazprom makes bid for BP stake in Russia TNK-BP
An arm of Russian state-controlled Gazprom has lodged a bid for BP's $25 billion stake in its venture in the country, The Sunday Times reports. The move will increase pressure on AAR, the group controlled by BP's Russian billionaire partners that owns the other half of TNK-BP, said the newspaper.
SABIC signs pact with German research group for technology development
Petrochemical major Saudi Basic Industries Corp. (SABIC) and German research organization Fraunhofer-Gesellschaft recently signed a multi-year agreement to mutually develop advanced technologies. Fraunhofer is Europe’s largest application-oriented research organization.
Global liquid fuels demand seen rising 0.9%/yr - EIA
Global liquid-fuels demand is expected to rise by 0.9% between 2010 and 2035, to 109.5 million bpd, with the world becoming more reliant on OPEC oil, according to a new US government forecast released on Monday. OPEC's share of world demand will rise to 41.9% in 2035 from 39.7% in 2010.
KBR awarded pre-FEED studies for offshore FLNG projects in Israel, Australia
KBR was selected as Höegh’s preferred engineer for pre-FEED studies on two projects off the coast of Israel and offshore Australia. Both projects will be performed in KBR’s operating center in London, utilizing the company’s FLNG engineering capability spread over the London, Houston and Perth offices.
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