Americas
US oil drilling increased 16% in third quarter - API
US oil well drilling activity continued to increase in the third quarter of 2011, according to the American Petroleum Institute’s (API) quarterly well completion report for the 2011 third quarter. The report estimates that 6,379 oil wells were completed in third quarter 2011, a 16% increase from year-ago levels.
Global motion control market improves amid strong semiconductors, automotive - study
The worldwide market for general motion control systems increased by a double-digit percentage since 2009, according to a new ARC Advisory Group study. Suppliers who endured as much as 50% declines in business during the downturn reported a tremendous rebound in shipments, the study says. This renewed growth, first felt in Asia, progressively extended to Europe and North America as well.
Enterprise seeks shippers for proposed Texas NGL pipeline expansion
Enterprise Products has started the open season for Skelly-Belvieu Pipeline Co., a joint venture partially owned and operated by an Enterprise affiliate, in which it is seeking shipper support for a proposed expansion of the 570-mile Skelly-Belvieu natural gas liquids (NGL) pipeline.
Enterprise starts up new NGL fractionator in Texas
Enterprise Products said on Tuesday that its fifth natural gas liquids (NGL) fractionator at its complex in Mont Belvieu, Texas, has begun commercial operations and is operating in excess of its nameplate capacity of 75,000 bpd. The new unit increases total nameplate capacity at the partnership’s Mont Belvieu facility to 380,000 bpd.
Arkema picks Jacobs for engineering, construction on US petrochemical projects
Jacobs Engineering has received a contract from Arkema to provide engineering, procurement and construction management (EPCm) services for two projects at its complex in Clear Lake, Texas. The first is for an acrylic acid expansion and the second a methyl acrylate project, company officials said.
Global flowmeter market surging in 2011 amid high energy business - study
The worldwide market for flowmeters declined in 2010 but is expected to strongly rebound in 2011, according to a new ARC Advisory Group study. Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
Anadarko pays $4bn to BP to settle Gulf spill claims
BP said on Monday that it had reached agreement with Anadarko Petroleum on a $4 billion deal to settle all claims between the companies related to the Deepwater Horizon accident and resulting Gulf of Mexico oil spill in 2010.
Unilever inks renewable oils deal with Solazyme for use in consumer goods
Consumer goods company Unilever has agreed to a multi-year supply deal with US-based Solazyme in which Unilever will purchase commercial quantities of Solazyme’s renewable oils. Specific terms were not disclosed.
Enterprise sells US gas storage complex for $550m
Enterprise Products has agreed to sell its Mississippi natural gas storage facilities to Boardwalk HP Storage Co. for $550 million. The Mississippi facilities have approximately 29 billion cubic feet of total storage capacity.
US jobs report overlooks potential of oil, gas - API
American Petroleum Institute (API) executive vice president Marty Durbin said a recently-released interim report by President Barack Obama’s jobs council overlooks potential jobs in the oil and natural gas industry, one of the country's strongest job creators.
- 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
