Americas
Cheniere inks sales pact with Korea Gas to export Sabine Pass LNG
Cheniere Energy Partners has entered into an LNG sale and purchase agreement with Korea Gas Corp.(Kogas) under which Kogas has agreed to purchase 3.5 million tpy of LNG upon the completion of train three operations. The agreement has a term of 20 years and an extension option of up to 10 years.
Air Liquide acquires Georgia Gulf air separation unit
Air Liquide has purchased an air separation unit (ASU) from Georgia Gulf in Plaquemine, La. The ASU will join an existing system of 13 Air Liquide air separation units and utility production facilities serving more than 30 customers along the Mississippi River via Air Liquide’s pipeline network, the company said.
US Republicans plan new tactics to secure approval of Keystone XL oil pipeline
Politicians unveiled a bill that could push through approval of the project over the objections of President Barack Obama.
Shell CEO says current US gas prices too low for shale investment
Investment in shale gas won't be sustained if US natural gas benchmarks stay at their currently depressed levels, Shell chief executive Peter Voser said. US natural gas prices have fallen to their lowest point in a decade as new technologies allow producers to access vast untapped gasfields in Pennsylvania and Texas.
Petrobras to expand Minas Gerais biodiesel plant
Brazilian oil and gas company Petroleo Brasileiro, or Petrobras, signed an accord with the Brazilian state of Minas Gerais to boost output of biodiesel there. Petrobras has five biodiesel plants with the total capacity to produce 721.4 million liters of biodiesel per year.
Eastman to buy US specialty chemicals firm Solutia in $4.7 billion deal
Eastman Chemical has agreed to acquire US-based specialty chemicals and performance materials firm Solutia, a global leader in performance materials and specialty chemicals, in a deal valued at about $4.7 billion (including debt). The deal is expected to close in mid-2012.
Siemens buys US water treatment firm Cambridge
The industry automation division of Siemens has agreed to acquire Massachusetts-based Cambridge Water Technology, the company said on Thursday, seeking to strengthen its product portfolio with new technology offerings. Financial terms were not disclosed.
Brazil to maintain reduced ethanol mix in gasoline
Brazil's government will keep the amount of ethanol mixed with gasoline at reduced levels despite complaints about low prices for the biofuel, a government official told local business daily Valor Economico in an interview published Thursday. The government will meet with ethanol producers next week.
Petrobras reports oil leak at Osorio tanker terminal
The transportation arm of Brazilian state energy company Petrobras reported an oil leak at its Osorio terminal in Rio Grande do Sul state. Transpetro said that it immediately deployed personnel and equipment to contain and remove the spill.
US business lobby likes Obama plan on China
A US business lobby group voiced support for President Barack Obama's proposal for export financing for US companies competing against Chinese rivals in third-country markets, seeking a more "level playing field" with Chinese companies.
- 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
