Europe
Axens technology chosen for linear alpha-olefins at Russia petrochemical project
ZAO Far East Petrochemical Company (FEPCO), which is implementing the NK Rosneft project of OJSC for a new petrochemical complex to be located in Primorsk region of Russia, has selected Axens’ AlphaButol and AlphaHexol technologies to produce high-purity linear alpha-olefins.
Engineering firms DHV, Royal Haskoning to merge
Engineering consultancies DHV and Royal Haskoning have agreed to merge with an expected closing date in mid-2012, officials said on Tuesday. With headquarters in Amersfoort, the Netherlands, the company’s 8,000 staff will provide services from more than 100 offices in over 35 countries.
Shell to buy fuel from Petroplus French refinery
The company will use the France refinery owned by insolvent Swiss-based refiner Petroplus to process crude oil for six months, said French President Nicolas Sarkozy.
TNK-BP to review operations at unprofitable Ukraine refinery
Russian oil major TNK-BP, half-owned by BP, said Friday that operations at the Lisichansk refinery in Ukraine have become unprofitable and it plans to further review its options for increasing efficiency. The refinery has a capacity of over 7 million tpy of crude oil.
Lower crude exports from Iran could trigger 30% spike in oil prices - IMF
A halt of Iran's oil exports to Organization for Economic Cooperation and Development (OECD) countries could trigger a 20%-30% spike in oil prices, an International Monetary Fund official said. The EU last month said it would ban all purchases of oil from Iran for countries within the union.
ExxonMobil says oil, gas reserves higher in 2011
ExxonMobil said Thursday the company's 2011 proved oil-and-gas reserves inched up compared with the previous year. The bulk of reserves additions came from the Kearl Expansion Project in Canada, which totaled 1 billion oil-equivalent bbl. Additions were also made in the US, Nigeria and Indonesia.
ITT lands global deal to supply pumps for Shell
ITT announced an agreement with Shell Global Solutions in which ITT’s Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide. The deal is for five years with an option for an additional five years. Financial terms were not disclosed.
Shell eyes East Africa LNG, makes Cove Energy bid
Anglo-Dutch oil major Royal Dutch Shell on Wednesday proposed to buy all the shares of UK-listed Cove Energy, marking the company's first foray into Kenya and Mozambique. Shell is one of the world's largest LNG producers with equity sales volumes of 18.83 million tpy of LNG in 2011.
Shell extends Wood Group engineering contract for UK gas plants
Wood Group has secured a contract extension from Shell in the UK to deliver midstream engineering and construction services to the St Fergus and Mossmoran gas plants. The award marks a continuation of the previous contract awarded to Wood Group in 2007, the companies noted.
IEA says Europe can handle loss of Iranian oil
The EU could handle a sudden end to imports of Iranian oil because of changes already being made due to the coming ban on Iranian shipments, an IEA official said. But the official also warned that the standoff has the potential to hurt the global economy by pushing oil prices higher.
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Tecnimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
