Europe
Consultancy KBC predicts global refining margins under pressure through 2015
Energy consultancy KBC Advanced Technologies foresees global refining margins continuing under pressure as recovering global demand is met by a wave of new refining capacity construction, keeping global refining utilisation rates at around 85% of nameplate capacity at least through 2015.
Rotating equipment firm Dresser-Rand closes on €500mn deal for Spanish engine supplier
Rotating equipment company Dresser-Rand closed on its previously-announced acquisition of Spanish diesel and gas engine supplier Grupo Guascor S.L. (GG) from shareholders for a total enterprise value of €500mn (approximately $740mn) in cash and stock.
Technip awarded €100mn EPC contract for Canada oil sands project
France-based Technip said it has been awarded an engineering, procurement and construction (EPC) support contract worth approximately €100mn for the Horizon oil sands project in Fort McMurray, Canada.
Gazprom, Japan consortium to evaluate building new LNG plant in Russia
Russian gas giant Gazprom and the Japan Far East Gas Co. consortium signed an agreement to conduct a feasibility study for a possible gas liquefaction plant (LNG plant) and gas-chemical complex near Vladivostok, Russia.
Marathon Oil, Nexen sign deal to jointly explore Poland shale play
Marathon Oil said it signed an agreement with a wholly-owned subsidiary of Nexen Inc., under which Nexen will acquire a 40% working interest in 10 of Marathon's concessions in Poland's Paleozoic shale play.
Clariant closes on acquisition of German catalysts company Süd-Chemie
Global specialty chemicals producer Clariant has completed the purchase of 96.15% of the shares in Germany-based catalysts firm Süd-Chemie from One Equity Partners and family shareholders.
BASF signs deal to acquire water treatment firm inge watertechnologies
BASF has signed an agreement with the investor group of Germany-based inge watertechnologies AG to acquire the company and its ultrafiltration membrane business.
Qatargas inks LNG supply deal with UK’s Centrica
Qatargas said it signed an agreement to supply liquefied natural gas (LNG) to Centrica, the largest UK supplier of gas to customers. Under the deal, Qatargas will deliver up to 2.4 million metric tons/year of LNG from the Qatargas 4 project to the UK Isle of Grain terminal for the next three years.
Survey shows majority of offshore workers proud of industry, would recommend to friend
Despite soaring oil costs, the one-year anniversary of the Deepwater Horizon rig explosion and political unrest in the headlines, a clear majority of offshore oil and gas workers say they are proud to work in the industry and would recommend it to a friend, according to a new survey conducted by engineering consulting firm NES Global.
UK engineering group Severn Glocon wins Queen’s Award for enterprise
UK-based engineering giant Severn Glocon Group has been awarded a prestigious Queen's Award for enterprise in the international trade category, recognising the group’s rapid international expansion that has seen export earnings increased by 141% in the past three years.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant 4/14
