Americas
Crescent Point buys North Dakota shale acreage
Crescent Point Energy has acquired approximately 750 boe/d of production and more than 78 net sections of lower-risk land in North Dakota through a pair of acquisitions. As a result of the deals, Crescent Point said it was upwardly revising its 2011 capital expenditure plans and production guidance.
Magellan Midstream to reverse Texas pipeline, take crude to Houston refineries
Magellan Midstream is proceeding with the reversal and conversion of a portion of the partnership's 18-inch Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system is expected to have an initial capacity of 135,000 bpd to refiners in Houston and Texas City, supported by long-term committed volumes for a portion of this capacity.
Univar acquires Brazil chemical distributor Arinos
Brazil-based distributor Univar has acquired Arinos Quimica, a leading distributor of specialty and commodity chemicals in Brazil. Terms of the deal were not disclosed.
US Gulf oil producers shut in output as storm looms
Offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs due to an area of tropical disturbance (Invest 93 L), with nearly 6% of regional oil capacity already shut in. The system is likely to strengthen into Tropical Storm Lee either late Thursday or early Friday, according to the US National Hurricane Center (NHC), packing winds of at least 40 miles/hour.
Tyco inks supply deal with Shell for butterfly valves
The flow control unit of Tyco International has been selected by Shell to provide butterfly valves for the company’s global operations. The five-year agreement covers more than 2,500 of Tyco's Vanessa, Winn, NeoTecha and Sapag brand highly engineered butterfly valves, for use in projects, maintenance repair operations and turnaround applications, the company said.
Siemens completes wind turbine project in Iowa
Siemens Energy, Mortenson Construction, and MidAmerican Energy Company have completed the expansion of MidAmerican Energy's wind project near Pomeroy, Iowa. Thirteen Siemens wind turbines were erected at the site, creating an additional 29.9 megawatts of generation capacity.
Fluor, NAEP awarded mine construction contract at Canada oil sands
North American Energy Partners (NAEP) has been awarded a $127 million heavy civil construction contract with Fluor Canada at Syncrude’s Base Mine. The new contract at Syncrude is the first of several large construction contracts to be let relating to the mine train relocations at Syncrude's Base and Aurora Mines.
UOP begins construction on Hawaii biofuels plant
Honeywell unit UOP has begun construction in Hawaii of a biofuels demonstration unit that will convert forest residuals, algae and other cellulosic biomass into green transportation fuels.
ExxonMobil, Rosneft agree to $3.2bn Arctic oil deal
Rosneft and ExxonMobil said they have agreed to undertake joint exploration and development of hydrocarbon resources in Russia, the US and other countries throughout the world, while also beginning technology-sharing activities.
Linde to raise nitrogen production at Ohio plant
Linde will upgrade its supply network in the US Midwest by significantly increasing production at its air separation plant in Delta, Ohio. Linde will add a 575 tpd nitrogen liquefier, which will capture spare molecules the plant is already producing, the company said.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
