Americas
Shell picks Jacobs for engineering on Canada mine
The Jackpine Mine is one of two mines at Shell's Albian Sands site near Fort McMurray, Alberta. Officials did not disclose the contract value. Jacobs will deliver a portfolio of projects involving conceptual engineering of new technologies to consolidate tailings and meet environmental requirements.
IHI buys Kvaerner US downstream engineering unit
The EPC Center Houston is an engineering and construction business focused on the delivery of LNG terminals and oil and gas processing facilities in North America. Since 2004, the center and Japan's IHI have cooperated as joint venture partners on several projects, thus enabling a smooth transition.
EPA to make 'necessary' US biofuel credit changes
The comments from EPA officials, made in prepared testimony for a House hearing, were the agency's first public commitment to make changes to the program. Oil refiners, which are required to buy the credits, have faced millions in fines and added costs as a result of buying phony credits.
Chevron sees improving US refining margins in Q2, but weaker international
US-based Chevron expects significantly stronger downstream earnings in the 2012 second quarter, buoyed by improved refining margins in the US and gains on asset sales. However, international refining margins declined over the same period, the company said.
BP targets wind, biofuels within alternative energy
Katrina Landis, CEO of BP's alternative energy business, said at a gathering of the Atlantic Council in Washington that the company is ahead of schedule in its investment plans. BP projects biofuels will make up 30% of the gasoline pool by 2030 and sees cellulosic ethanol as the energy to watch.
Gevo, Beta agree to develop integrated process for cellulosic isobutanol
The deal also anticipates commercialization of the technology upon project success, which could enable renewably-sourced, competitively-priced jet fuel as well as other chemicals and fuels made from isobutanol.
India's GAIL to import 2 million tpy of LNG from US
The deal could be worth $12 billion, the newspaper said. Senior GAIL executives and Indian oil ministry officials were in the US last week to put the finishing touches on the agreement, according to the report.
EIA lowers US price estimates for refined products, oil prices in 2012
The agency said retail gasoline prices would average $3.49/gal in 2012, down from $3.56 in the June estimate. The EIA said 2012 retail diesel prices are expected to average $3.79/gal, down from $3.90/gal. The EIA said heating oil would average $3.64/gal for 2012, down from the June estimate of $3.71/gal.
DuPont picks KBR for engineering contract on Iowa cellulosic ethanol project
KBR will provide front-end engineering, detailed engineering and procurement services to DuPont’s industrial biosciences group for the plant to be constructed in the Midwest US. The ethanol facility is designed to process 1,300 tpd of corn stover and produce 27.5 million gal/year of ethanol.
CB&I wins engineering work in Texas for Enterprise propane dehydrogenation unit
CB&I was awarded a contract by Enterprise Products for the license and basic engineering of the company’s planned propane dehydrogenation unit on the Texas Gulf Coast. The project will produce 1.65 billion lb/year (approximately 750,000 tpy) of polymer-grade propylene (PGP).
- 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
