Americas
Fluor to build Canada carbon capture plant for Shell
The Athabasca project produces bitumen, which is piped to Shell’s Scotford upgrader. Fluor will provide full EPC services, using its patented third-generation modular execution approach for the 1.1 million tpy facility at the Scotford upgrader site. It is located near Edmonton, Alberta.
Canada seeks more energy exports to India, less dependence on US
Canada's search for alternative destinations, including India, China and Japan, for its trove of hydrocarbon resources coincides with India seeking stable supplies of oil and gas to augment its own, relatively limited, energy resources, which currently satisfy less than a quarter of its requirement.
OPEC lowers global oil demand forecasts for 2012
Economic growth is mostly set to come from emerging markets, but these countries are reliant on exports to developed economies, which have performed sluggishly this year. Moreover, improvements in the global economy are dependent on the success of government and central-bank action.
California switches to winter gasoline to ease cost
The shortages underscore California's relative isolation from the rest of the nation in terms of energy. The state is the largest fuel market in the nation, but its strict production rules make importing gasoline from other areas difficult; and there are no fuel pipelines connecting it to markets across the Rocky Mountains.
OxyChem picks CB&I for engineering on proposed Texas ethane cracker
The scope of work for CB&I includes the basic engineering for the ethylene technology and five SRT (short residence time) cracking heaters from CB&I's Lummus Technology business unit. Feedstock for the proposed cracker is anticipated to be ethane derived from domestic shale gas.
Fluor, Construcap target client executives for new Brazil engineering venture
Earlier this summer, Fluor and Construcap formed CFPS Engenharia e Projetos, S.A., to pursue engineering, procurement and construction management services in Brazil. Construcap has been active in the Brazilian market for nearly 70 years and is one of Brazil’s largest EPC companies.
BP sells Texas City refinery to Marathon for $2.5bn
Subject to regulatory and other approvals, Marathon Petroleum will purchase the 475,000 bpd Texas City refinery, associated natural gas liquids pipelines and four marketing terminals in the southeast US.
Innospec makes takeover bid for US petrochemical company TPC Group
The TPC Group board of directors said it determined in good faith, after consultation with independent legal and financial advisors, that this offer could lead to a superior proposal. As such, the board said it will carefully consider and evaluate the non-binding proposal from Innospec in coming weeks.
Valero suspends spot gasoline sales in California
Valero, the largest US refiner, took the unusual step after a series of shutdowns at Richmond and other refineries. Valero said it will meet its current contracts to supply gasoline, but won't sell into the spot market. Spokesman Bill Day said resumption of spot sales "will depend on markets and inventories."
Energy group proceeds with $45bn Alaska pipeline to export LNG to Asia
In a letter to Alaska Governor Sean Parnell, ExxonMobil, ConocoPhillips, BP and TransCanada said this week that they have agreed on a plan to combine what were once two competing natural gas pipeline projects destined for the continental US into one project aiming at overseas markets.
- Indonesia expects EU to adjust palm oil biofuel stance after EU ruling 1/17
- First-ever ammonia and propane co-loaded vessel completes voyage from U.S. to Europe 1/17
- China's vast refining sector faces shakeout as fuel demand peaks 1/17
- Oman Oil Marketing Co. and TFG Marine establish bunker fuel supply JV 1/17
- Beware Egypt's smokestack onshoring as cement exports surge 1/17
- Petrobras reports record high refinery output in 2024 1/17
