Gas Processing/LNG
Phillips 66: Robust refining profit offset by weaker chemicals, midstream
While refining results were strong, the company's quarterly profit was hurt by lower earnings from its midstream and chemicals businesses. Adjusted earnings at Phillips 66's midstream business more than halved to $42 million in the quarter, hurt by a fall in natural gas prices.
BG shareholders strongly back merger with Shell
BG will now merge with Shell on Feb. 15, nearly two decades after the company was born from British Gas and just a few months after it reached record oil and gas output.
Air Products launches new ASU project at Chinese coal-to-chemicals plant
The project, capable of producing 12,000 tpd of oxygen and significant tonnage volumes of nitrogen and compressed dry air for the customer's coal chemical plant, represents one of the largest single on-site ASU orders ever committed to an industrial gas company.
Praxair to expand Antwerp gases supply to Total, downstream users
Given the significant capacity and infrastructure investments made in the port over the past several years, there is growing demand in this region for nitrogen for blanketing and inerting of chemicals in storage.
China’s diesel use falls as gas, gasoline post gains
The 3.7% decline in diesel demand in 2015 is greater than the 1.5% drop in diesel usage in 2014. Meanwhile, gasoline and natural gas consumption rose by 7% and 5.7%, respectively.
Linde to supply ethane, NGL extraction units for major Gazprom project
Linde will engineer and supply units for ethane and natural gas liquids (NGL) extraction and nitrogen rejection, as well as for helium purification, liquefaction and storage.
AltaGas advances plans for new British Columbia propane export terminal
The proposed facility will be designed to ship up to 1.2 MMtpy of propane and will be constructed by AltaGas. It will be built on a brownfield site with a history of industrial development, connections to existing rail lines and an existing world class marine jetty with deep water access to the Pacific Ocean.
Cheniere Energy delays first exports of US LNG
Construction for Train 1 was completed well ahead of the guaranteed contractual schedule and within budget. However, instrumentation issues were discovered during the final phases of plant commissioning and cool down that will require some additional work in the coming weeks.
Honeywell to automate, supply Vietnam’s PV Gas with modular LPG plant
PV Gas, Vietnam’s primary gas provider, will use Honeywell UOP’s modular gas processing plant to separate LPG from natural gas at its Ca Mau facility near the southern tip of Vietnam.
Honeywell acquires remaining 30% stake of gas processor UOP Russell
In 2012, Honeywell acquired a 70% stake in the Thomas Russell Co. to form UOP Russell, which became part of Honeywell UOP.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
