Middle East
HP Viewpoint: Cautious optimism for growth seen in US natural gas market
With the advantages of a large resource base, relatively reasonable costs, and environmental pressures on competing fuels, such optimism is justified. However, the industry’s hopes are not guaranteed to be fulfilled.
HP Viewpoint: LNG’s future: Branching out
The liquefied natural gas (LNG) industry is mature and poised to branch out in many new directions in the coming decades as it continues to grow in capacity.
HP Construction: Middle East
Tecnimont S.p.A., the main operating company of Maire Tecnimont S.p.A., has an engineering procurement, construction and commissioning (EPCC) contract on a lump-sum turnkey basis for a new fertilizers..
KBR wins technology, engineering design deal for Egyptian ammonia plant
KBR was awarded a contract by Tecnimont for the license and basic engineering design (BED) of a new ammonia plant to be built by Chemical Industries Holding Co. (Kima) in Aswan, Egypt. The plant will support regional development plans in Aswan as well as Egypt’s drive to build modern fertilizer complexes.
OPEC agrees to accomodate rising Libya oil output
Libya's oil minister Abdurahman Benyezza said that there is a "gentlemen" agreement inside OPEC to accommodate the country's crude oil as production recovers. Libya is currently producing over 1 million bpd of crude oil and expects to boost output to pre-war levels of about 1.6 million bpd by mid-2012.
ExxonMobil to consolidate businesses of fuels marketing, lubricants
The ExxonMobil board of directors will approve the consolidation of ExxonMobil Fuels Marketing Co. and ExxonMobil Lubricants & Petroleum Specialties Co. into ExxonMobil Fuels, Lubricants & Specialties Marketing Co., effective February 1, 2012.
HB Fuller to acquire global industrial adhesives business from Forbo
HB Fuller Co has signed an agreement to purchase the global industrial adhesives business of Forbo Group. Forbo is known for the breadth of its product line in all of HB Fuller’s core market segments, particularly packaging and durable assembly, according to Fuller officials.
BP to invest $15bn in Angola over next 20 years
BP plans to invest $15 billion in Angola over the next two decades, CEO Bob Dudley said at a press conference in Luanda. BP has already invested $15 billion in various projects in Angola and plans to invest another $15 billion for the next two decades, the CEO said.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Petrobras, Tereos mulling fuel ethanol production in Mozambique
Brazilian state-owned oil company Petroleo Brasileiro, or Petrobras, and French-controlled sugarcane miller Tereos Internacional said Wednesday they plan to study the possibility of producing and selling ethanol fuel in Mozambique. The two firms already operate a mill in the southern African country that crushes 1.2 million metric tons of sugarcane.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
