Americas
US petrochemical companies seek exports to Asia
Hydraulic fracturing and other drilling technologies are keeping prices for natural gas -- a key raw material for Dow Chemical and other chemical producers -- below $4/MMBtu. That's cheap enough that the US chemical industry can start taking market share from Middle Eastern producers.
BP sees US oil production rising at record pace
In its world energy review, BP revealed that 2012 had the largest single-year increase ever seen in the US, largely from unconventional hydrocarbons such as tight oil. This illustrates an example of the increasing diversity of energy sources as the global market continues to adapt and evolve.
Petrobras mulls Northeast Brazil refinery venture with Korea's GS Energy
Brazil currently suffers from a refining shortfall. Petrobras's plans to build the refinery, called Premium 2, have been pushed back to 2017 or 2018 as the company focuses its $237 billion investment plan through 2016 on boosting crude oil production and development of ultra-deepwater offshore fields.
Petronas plans to invest $20bn in British Columbia project for LNG exports
The company, known as Petronas, is planning two LNG trains of 6 million tpy each under the Pacific NorthWest LNG project by the end of 2019. The export terminal project in British Columbia was acquired by Petronas last year as part of its $5.2 billion purchase of Canada's Progress Energy Resources.
China's CNPC to join key Ecuador refining project
CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuador's Coordinating Minister for Strategic Sectors and Petroecuador's President, under which CNPC "will take a share in the construction of the Pacific Refinery project and participate in the exploration and development."
BP, Coast Guard conclude Gulf oil spill cleanup in three states
The US Coast Guard is ending active Deepwater Horizon cleanup in Mississippi, Alabama and Florida, concluding a three-year effort to repair the Gulf of Mexico shoreline.
IEA seeks new energy policy to cut GHG emissions
The International Energy Agency called on governments around the world to act to adopt better energy-efficiency measures, cut back on the use of inefficient coal-fired power plants, minimize methane emissions from oil and gas production, and accelerate the removal of fossil fuel subsidies.
Neste Oil to buy algae oils from Cellana to use as biofuels feedstock
The agreement will enable Neste Oil to purchase Cellana's algae oil for use as a feedstock in the future for producing renewable fuel. The deal is contingent on Cellana's future production capacity and on compliance with future biofuel legislation in the EU and US, among other factors.
Petrobras delays Comperj refinery startup to 2016
Speaking during an event Friday, Petrobras CEO Maria das Gracas Foster said environmental license issues and changes to the refinery's design were the reasons for the delay. The Comperj refinery will have installed capacity to process 165,000 bpd of crude oil when it first enters operation.
ExxonMobil to fund training program for Houston chemical industry jobs
The initiative will build on the success of the nationally-recognized ExxonMobil process technology program at Lee College and will benefit 50,000 students and educators over the next five years.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Plug Power seals huge deal with Allied Green Ammonia for 3-GW electrolyzer system 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
