Americas
PdVSA awards Venezuela refinery expansion work to Foster Wheeler, Toyo
Foster Wheeler will execute the project in consortium with Toyo Engineering Corp. from Japan and Y & V Ingeniería y Construcción from Venezuela. The consortium previously completed the front-end engineering design for the project. The value of the deal was not disclosed.
PPG, Georgia Gulf merge commodity chemical units
Following completion of the deal, which is expected to occur in late 2012 or early 2013, the combined company is expected to have annual revenues of approximately $5 billion and be the third-largest chlor-alkali producer and second-largest vinyl chloride monomer producer in North America.
Pemex awards reliability system work to Penspen
Under the terms of the agreement, Penspen says it and other groups will assist in the development of a plan for managing the integrity and reliability of transmission pipelines, gathering pipelines, onshore pipelines, offshore pipelines, storage terminals and maritime terminals.
US court upholds air quality rule against oil lawsuit
Tuesday's ruling from the US Court of Appeals marks a win for the Obama administration and environmental groups that supported the two-year-old standards for nitrogen dioxide, or NO2. The API claimed the rule was illegal because it went beyond what was needed to protect public health.
Codexis eyes biofuel technology license from Shell
Under the agreement, Shell has agreed to negotiate exclusively with Codexis through September 1 on the terms of a new agreement under which Shell would grant certain rights and licenses in the biofuels field to develop and sell cellulase enzymes to third parties on a worldwide basis, except Brazil.
Solvay commissions new methane recovery facility at US trona mine
The methane recovery system (MaRS) captures methane liberated during the mining process that would otherwise be vented directly into the atmosphere and instead directs it to either be incinerated, or piped to the trona processing facility to recover the thermal energy via combustion.
Buffett firm cuts Conoco stake, buys into Phillips 66
The Houston-based refiner finds itself in a current upswing in the refining space as low natural gas prices help keep costs lower to run hydrocrackers that make gasoline. Average second-quarter refining margins for refiners improved by nearly $6/bbl above the first quarter.
Western Refining settles N.M. emissions violations
The settlement stems from excess sulfur dioxide, nitrogen oxides and other pollutants emitted by Western's refinery in Gallup, New Mexico, between July 2009 and March 2012. Western also agreed to upgrade equipment at the 20,800 bpd refinery to lower emission levels.
Global refined oil product demand to lag supply over next two years - IEA
More than 1 million bpd of new refining capacity is likely to come online this year, and a further 1.3 million bpd in 2013, compared with 400,000 bpd in 2011. The additions to capacity will grossly outpace demand growth for oil products, which the IEA estimates will average 800,000 bpd this year.
BP to pay $13mn to settle most Texas City refinery safety violations
The settlement comes after BP resolved all but 30 of the violations the government cited, many stemming from OSHA's contention that BP did not provide enough safety system instructions to workers. OSHA said the additional violations will be settled or sent to litigation by the end of the year.
- 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
