Europe
Technip buys subsea service firm Global Industries
France-based engineering firm Technip announced a $937 million deal to acquire US-based Global Industries, reinforcing its leadership in the subsea segment of oil services.
Eastman to expand global capacity for plasticizers
Eastman Chemical announced a second expansion of its Benzoflex plasticizer line at the Kohtla-Järve site in Estonia. The expansion will increase capacity at the site by an additional 11,000 metric tons and is expected to be completed by the end of the 2012 second quarter.
BP sells stakes in southern Africa fuels marketing
BP has completed the sale of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania to Puma Energy. The sale of the final business in Tanzania completed on September 1, the company said.
Shell to invest $800mn in Ukraine shale gas
Shell has agreed to invest up to $800 million as part of a project to extract shale gas in Ukraine, according to officials with both the company and the Ukraine government.
Siemens opens Norway subsea technology center
Siemens invested more than €10 million in the refurbishment of a building in which new process equipment will be developed and manufactured. The new facility covering an area of 10,000 square meters will be the global research and development center for the company’s subsea oil and gas business.
Shell sells $730m stake in Norway gas transport JV
Shell has agreed to sell its interests in natural gas transport infrastructure joint venture Gassled to Infragas Norge for about $730 million, based on current exchange rates. Gassled is Norway’s integrated gas transportation system and processing facilities, which transports most of the gas production on the Norwegian Continental Shelf (NCS) to consumers on the European continent and in the United Kingdom.
Tyco inks supply deal with Shell for butterfly valves
The flow control unit of Tyco International has been selected by Shell to provide butterfly valves for the company’s global operations. The five-year agreement covers more than 2,500 of Tyco's Vanessa, Winn, NeoTecha and Sapag brand highly engineered butterfly valves, for use in projects, maintenance repair operations and turnaround applications, the company said.
PGI Energy forms new European division to trade petroleum products in UK
PGI Energy has established a new European division, registered in London and Wales to trade petroleum products throughout the UK, the energy holding company said on Wednesday.
Foster Wheeler awarded design engineering work for Statoil processing plants in Norway
Foster Wheeler has been awarded a deal to provide detailed design engineering for Aibel, which has been appointed by Statoil as the main EPC contractor for the Kårstø development project (KDP) 2013 for the Kårstø and Kollsnes oil and gas processing plants in Norway.
ExxonMobil, Rosneft agree to $3.2bn Arctic oil deal
Rosneft and ExxonMobil said they have agreed to undertake joint exploration and development of hydrocarbon resources in Russia, the US and other countries throughout the world, while also beginning technology-sharing activities.
- 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
