Europe
Wood Group GTS awarded GE Frame 9E gas turbine contract
Wood Group GTS has been awarded a five-year gas turbine term maintenance agreement by Stadtwerke München (SWM), Germany's largest municipal company supplying gas and electricity to more than one million customers in the Munich area.
Chevron’s budget for next year is $26 billion
Chevron has announced a $26 billion capital and exploratory spending program for 2011. Included in the 2011 program are $2 billion of expenditures by affiliates, which do not require cash outlays by Chevron. Acquisition costs associated with the recently announced purchase of Atlas Energy are not included.
Shell Global Solutions wants to help refiners manage sulfur levels
Shell Global Solutions launched a sulfur technology platform at the European Refining Technology Conference (ERTC) Annual Meeting in Istanbul, Turkey.
Alfa Laval continues to expand its product portfolio
Alfa Laval has acquired the Olmi S.p.A., an Italian company specialized in the designing and manufacturing of shell and tube heat exchangers and air coolers for niche applications in the petrochemical, power and oil and gas industries.
Merichem introduces product to sweeten mercaptans in jet fuel
Merichem has launched MERICAT J, a next-generation technology to remove heavy mercaptans in jet fuel, kerosene and other middle distillate streams.
Nalco and LUKOIL form energy chemicals JV for Western Siberia
Nalco’s Russian subsidiary has formed a joint venture with a subsidiary of OAO LUKOIL to provide energy chemicals and services in Western Siberia.
Technip working on Total’s hydrocracker in the Normandy refinery
Technip has been awarded by Total an engineering, procurement services and construction management contract to increase the capacity of the hydrocracker at the Normandy refinery located in Gonfreville, France.
ABB obtains Baldor Electric and expands industrial motion presence
ABB will acquire Baldor Electric in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement, ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash.
INEOS and BASF establish global styrenics company called Styrolution
INEOS Industries Holdings and BASF SE intend to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution.
BASF buys CRI/Criterion’s global styrene catalysts business
BASF has signed a purchase agreement to acquire the styrene catalysts business of CRI/Criterion, a wholly owned subsidiary of Shell based in Houston, Texas. Financial details of the transaction are not being disclosed.
- 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
- Tasnee announced delay to SEPC's ethylene/polyethylene plant expansion project 4/15
