Americas
Jacobs wins design, equipment deal in Canada for new sulfuric acid plant
Jacobs won a contract from Teck Metals to design and supply a new sulfuric acid plant for its Trail operation located in British Columbia. The deal includes the design of the complete sulfuric acid plant contact section, including catalytic DeNO(x) system, as well as supply of all equipment and majority of materials.
Enterprise to expand NGL fractionation in Texas
Enterprise Products said Tuesday that it plans to construct two more natural gas liquid (NGL) fractionators at its complex in Mont Belvieu, Texas, giving it 150,000 bpd of additional fractionation capacity. The process of obtaining the necessary permits is already underway, the company said.
Brazil prosecutor files criminal charges in Chevron oil spill case
A federal prosecutor in Brazil will file criminal charges Wednesday against executives from US oil major Chevron and drilling-rig operator Transocean, charging the employees with environmental crimes related to an offshore spill in November. A federal judge will decide whether to bring the charges to trial.
US to exempt EU, Japan on Iran oil sanctions
The US has decided to grant exemptions to Japan and 10 European Union (EU) countries under a new set of Iran oil sanctions, a key lawmaker said. Aimed at shutting down Iran's nuclear program, the sanctions target financial institutions that do business with Iran's Central Bank, a main conduit for Iran's oil sales.
Romney to attack Obama over US gasoline prices
An improving job market is prompting Mitt Romney to focus on rising gas prices as evidence President Obama has mismanaged the economy. Obama's political team is concerned rising gas prices will diminish some of the political advantage the president may gain from the improving economy.
Shaw, Total form global alliance on polystyrene
The Shaw Group said Monday that it formed an exclusive alliance with Total Petrochemicals to jointly market and license Total’s polystyrene technology on a worldwide basis. Shaw has had a similar alliance with Total Petrochemicals for styrene monomer, the primary feedstock for polystyrene, for 15 years.
Valero to shut Aruba refinery by end of March
The Texas-based refiner says it will suspend operations at the 235,000 bpd Aruba refinery by the end of the month because weak margins have led to financial losses.
Hess to explore sale of St. Lucia oil terminal
Hess Corp. announced Monday that it is exploring the sale of its St. Lucia crude oil and refined products storage and transshipment terminal in the Caribbean. The news comes two months after Hess unveiled plans to shut down its Hovensa refinery venture in St. Croix.
National fuel-retailing association speaks out on rising transportation fuel prices
"The retail fuels market is a complex system that is influenced by a wide number of factors. The best strategy for providing long-term relief and stability to consumers is to enact a comprehensive transportation energy policy," National Association of Convenience Stores (NACS) Vice President of Government Relations, John Eichberger, told Congress.
EIA raises oil price forecast for 2012
In its March "Short-Term Energy Report," the DOE/EIA raised its oil price forecast for 2012 to $106/bbl, up $5/bbl from the previous forecast amid concerns over geopolitical tensions in the Middle East, growth in world demand and supply constraints in non-OPEC countries.
- 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
