Refining
Shell commits to develop new Gulf deepwater field
Shell on Wednesday announced a $2.5 billion investment to develop its major Cardamom oil and gas field in the deep waters of the Gulf of Mexico. The Cardamom project is expected to produce 50,000 bbl/day of oil equivalent (boe) at peak production and more than 140mn boe over its lifetime.
Statoil sells stake in Norway pipeline JV Gassled
Norway’s oil company Statoil ASA will sell the majority of its stake in gas transportation firm Gassled for 17.35 billion Norwegian kroner ($3.2 billion).
IEA says natural gas entering 'golden age', could muscle out renewables
As supply and demand factors increasingly point to a future with natural gas playing a greater role in the global energy mix, the International Energy Agency (IEA) says natural gas may increasingly “muscle out” low-carbon fuels such as renewables and nuclear.
NPRA urges US approval of Keystone XL pipeline
The National Petrochemical & Refiners Association (NPRA) sent a letter to the US State Department urging approval of the Keystone XL pipeline, which would bring oil from Western Canada to US refineries.
Foster Wheeler wins Spanish engineering award for refinery expansion work
Foster Wheeler won the 2010 national prize in industrial engineering from the Spanish National Society of Professional Industrial Engineers for refinery expansion work completed for Repsol Petróleo S.A. in Cartagena (Murcia), Spain.
Air Products to supply Valero US Gulf refineries with hydrogen, plans new facility
Air Products will supply US refiner Valero with more than 200 million standard cubic feet/day of additional hydrogen for its refineries in St. Charles, Louisiana and Port Arthur, Texas, officials said on Monday.
Chevron refinery fire in Wales kills four workers
A storage tank explosion at Chevron’s Pembroke refinery in southwest Wales, UK, caused a fire, killing four contractors and seriously injuring another, officials said on Friday.
Oil, gas production rates climb for Texas field amid new discoveries
Universal Bioenergy said Friday that joint venture partner Progas Energy Services continues to drill in the Premont Northwest oil and gas field in Jim Wells County, Texas, where it recently discovered more oil and gas and increased well production rates in several new zones.
Shell, Cosan launch sugarcane ethanol JV in Brazil
Shell and Cosan on Thursday officially launched their $12 billion joint venture that they say will become a leading producer of ethanol made from sugarcane. Named Raizen, the retail and commercial fuels company will operate in Brazil.
India refiner touts Honeywell wireless technology in FCC expansion
Hindustan Petroleum (HPCL) has implemented wireless mobile stations from Honeywell Process Solutions as part of its $200mn fluid catalytic cracking (FCC) project at its Mumbai refinery, officials said on Thursday.
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
- SWISS becomes world’s first airline to integrate Synhelion solar fuel into its flight operations 7/24
- Finland's Neste tops earnings forecast on soaring SAF sales 7/24
- Shell restarts hydrodesulphurization unit at Pernis oil refinery after unplanned outage 7/24
- Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July 7/24
- Dow forecasts sales below estimates, slashes dividend as downturn takes a toll 7/24
