Europe
Poland discussing shale gas incentives with EU - Talisman CEO
Poland is still in discussions with the European Union on developing a tax regime that incentivizes shale gas exploration in the eastern European country, said Talisman Energy CEO John Manzoni. Manzoni said initial findings were "not discouraging, just too early to tell" the degree of commerciality.
Russia’s Gazprom fully restores Europe gas flows
Russia has fully restored natural gas shipments to Europe, the country's state gas firm said Monday, after it had been unable to meet rising demand in recent weeks due to cold weather across the continent. Europe relies on Russia for over a quarter of its gas needs.
Greek refiner Motor Oil Hellas no longer buying Iranian crude
Greek refiner Motor Oil Hellas is no longer buying Iranian crude, and has not done so for some time, a person at the company told Dow Jones Newswires Monday. Motor Oil Hellas is one of two major refiners in Greece and is able to process more than 180,000 bpd of oil.
Gazprom predicts no drop in European gas demand
European political goals to lessen reliance on Russian natural gas won't affect demand, the deputy chief executive of OAO Gazprom told Wednesday's edition of Hungarian business paper Vilaggazdasag. The CEO was discussing European efforts to create new natural gas cross-border interconnectors.
Hyundai Heavy inks $1bn of Europe LNG ship orders
Hyundai Heavy Industries, the world's largest shipbuilder by order value, said Tuesday it has received, along with its affiliate company, a combined $1.1 billion LNG ship order in Europe. The companies said they will deliver five LNG ships by the first half of 2015.
Jacobs wins engineering work on four Arkema PVC projects in China
Jacobs said it won four contracts from Arkema France for basic engineering services to support the provision of Arkema's proprietary suspension and emulsion technology to four of its clients in China. As currently planned, the four new projects in China will add more than 4 million tpy of PVC capacity.
KBR to process deep oils for Russian refiner TAIF
KBR was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia. It marks the largest VCC project award for KBR since acquiring the technology in January 2010.
Total to boost investments as quarterly profits rise
France-based Total said 2012 has begun favorably and that it will step up investments over the next three years after reporting a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output. Total is targeting a 2.5%/yr increase in average output in 2012-2015.
Halliburton, Petronas form partnership to develop global shale resources
Halliburton and PETRONAS Carigali have signed an agreement for the evaluation and development of global shale resources, the companies said on Friday. They plan to set up a shale technical center in Kuala Lumpur, Malaysia, which is where the deal was signed.
IEA cuts 2012 outlook for global oil demand growth, cites weaker economy
The IEA lowered its estimate for global oil demand growth in 2012 to 800,000 bpd, compared to its previous forecast of 1.1 million bpd amid weaker economic predictions. Global GDP growth is revised down to 3.3% for 2012, from the 4.0% level assumed since September, the agency noted.
- 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
