Refining
Oil demand, prices to rise in Q3 - Ernst & Young
Oil demand and prices should continue to rise in the third quarter of 2011 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe, according to a quarterly outlook from Ernst & Young.
Shell to supply technology for Iraq refinery upgrade
Shell Global Solutions has signed an agreement with the South Refineries Co. of Iraq for the provision of technology licenses to a refinery in Basrah, Southern Iraq. Shell will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement, it said.
Clean fuels firm Neste Oil divests Estonia gas unit
European renewable diesel supplier Neste Oil has sold its majority-owned (93.85%) Estonian subsidiary, AS Reola Gaas, to the Estonian-based Alexela Group. The transaction was completed on Monday. The parties said they agreed not to disclose the value of the sale.
Momentive opens new US oilfield technology plant
The oilfield technology group (OTG) of Momentive Specialty Chemicals has started up a new manufacturing plant in Batesville, Ark., to provide additional resin coated proppants to fracturing service companies and operators in the oil and gas industry.
Gulf oil, natgas production returns to normal after Tropical Storm Don
As of midday Monday, evacuations are over for platforms and rigs in the Gulf of Mexico, with nearly all shut-in oil and natural gas facilities having resumed operations, according to the US Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE).
Amyris partners with Kuraray for development of renewable polymers
Renewable products firm Amyris has signed a collaboration agreement with Kuraray to develop innovative polymers from Biofene, a renewable hydrocarbon building block made using Amyris technology. Under the agreement, Kuraray will use Biofene to replace petroleum-derived feedstock such as butadiene and isoprene in the production of specified classes of high-performing polymers.
PGI Energy JV chosen as subcontractor for Motiva refinery expansion in Texas
PGI Energy has formed a joint venture with SETX Instrumentation & Electrical as a subcontractor under general contractor Bechtel-Jacobs and refiner Motiva for the construction of the 660,000 bpd refinery in Port Arthur, Texas. The expansion work will make the Port Arthur refinery the largest in the US.
Tropical Storm Don shuts in 12% of Gulf oil output
Nearly 12% of offshore Gulf of Mexico oil production has been shut in as Tropical Storm Don churns toward the Texas coast, with an expected landfall late Friday near Corpus Christi. In total, 166,554 bpd in oil production has been shut in, or 11.9% of overall Gulf output, according to the US Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE).
Gulf oil, natural gas platforms shut in production as Tropical Storm Don targets Texas
Several oil and natural gas producers in the Gulf of Mexico began shutting in production and evacuating platforms on Thursday as Tropical Storm Don moves toward the lower Texas coast. Overall, the Gulf of Mexico accounts for 29% of US oil production and 13% of natural gas, according to the US Energy Information Administration (EIA).
US groups API, NPRA praise House passage of bill seeking Keystone XL Pipeline decision
The American Petroleum Institute (API) and National Petrochemical & Refiners Association (NPRA) each issued statements of support after the US House of Representatives passed the North American-Made Energy Act, which seeks to speed up the permitting process for the proposed Keystone XL Pipeline.
- Evonik launches high performance isodewaxing catalysts for fuels and lubricants production 4/16
- BASF to increase its price for neopentylglycol in the U.S. and Canada 4/16
- AMETEK Process Instruments announces additions to next-gen quartz crystal microbalance moisture analyzer line 4/16
- Brenntag Energy Services announces designated distributorship with BASF for Keropur fuel performance additives in continental Europe 4/16
- Shell restarts crude unit at Pernis oil refinery 4/16
- Nigerian airlines threaten to halt flights over soaring jet fuel prices 4/16
