Europe
Libya oil output resuming far faster than expected
Oil production in Libya is resuming far faster than initially expected and is on track to reach 0.7 million bpd, almost half its pre-war level, by the end of this year, said the International Energy Agency Thursday. Shortly after the IEA upgraded its forecasts, Libyan oil officials said another of the country's largest fields could restart within a week.
Statoil extends Technip contract for pipeline repair services in Norway
Statoil awarded Technip with a two-year extension of its pipeline repair system (PRS) services frame contract until December 1, 2014. This contract covers maintenance and operation of Statoil’s PRS Pool located at Killingøy in Haugesund, Norway.
Jacobs to engineer, manage European projects for Shell downstream distribution
Jacobs Engineering Group has received a contract from Shell Downstream Distribution to provide project management and engineering services for Shell's European program. The three-year framework agreement has an optional two-year extension.
Technip forms technology partnership with French atomic energy group
France-based engineering major Technip has signed a strategic partnership agreement for innovation and technology development with the French Alternative Energies and Atomic Energy Commission (CEA). The agreement is valid for an initial period of three years.
Nabucco pipeline decision could boost Germany's gas supplies
Germany's decision to phase out its nuclear power in light of the Fukushima nuclear disaster in Japan has boosted interest in the planned Nabucco gas pipeline, which would transport gas 4,000 km between Turkey and Austria. However, a final decision on the Nabucco project will not be made until the end of next year.
Refining group names Albemarle top biodiesel firm
US-based specialty chemicals producer Albemarle was named biodiesel corporation of the year by the World Refining Association during the Biofuels 2011 annual meeting in Amsterdam. The award, which was presented to representatives from Albemarle's alternative fuel technologies (AFT) division, recognizes industry leaders that have made substantial contributions in the field of renewable fuels.
BASF, Cargill team up on canola oil development
Cargill and BASF Plant Science announced an agreement to co-develop a new dietary source of EPA/DHA that will make it easier for consumers globally to achieve optimal intakes of EPA- and DHA-rich omega-3 polyunsaturated fatty acids. This next generation canola oil containing EPA/DHA will enable food, pharmaceutical and nutritional supplement manufacturers to deliver the potential health benefits of omega-3 fatty acids in a variety of new, cost-effective consumer products available by the end of the decade.
Global oil, gas firms poised for strong 2011 finish despite market uncertainty - report
Though third-quarter financial news has been decidedly more bearish than bullish, advisory firm Ernst & Young's oil and gas center says it anticipates a steady close to the year. The oil and gas industry is set to end 2011 strong amid great uncertainty in the broader market, according to the firm’s quarterly oil and gas update.
SABIC creates venture capital arm for technology investment
Saudi Basic Industries Corp. (SABIC) has announced the launch of a new global corporate venture capital arm, SABIC Ventures, in the Netherlands, with the primary goal of seeking out innovative technologies and businesses consistent with the company's global strategy.
Study says isobutanol-gasoline blends are superior to ethanol in small engines
In side by side performance, durability and emissions testing of small engines, gasoline blended with isobutanol performed better than blends using ethanol, according to new research from renewable chemicals and advanced biofuels firm Gevo. The results demonstrated that unlike ethanol, blends incorporating isobutanol do not cause any irregular or unstable engine or performance issues.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant 4/14
- Technip Energies awarded two FEED contracts by SOGARA for refinery complex in Gabon 4/14
- SUBLIME Energie inaugurates world's first system capable of liquefying biogas into a renewable fuel 4/14
- Petrobras in talks with Mubadala to buy back Mataripe refinery 4/14
