Americas
ExxonMobil marine affiliate to build two crude oil tankers for US West Coast use
Exxon Mobil’s US marine affiliate, SeaRiver Maritime, signed a letter of intent with Aker Philadelphia Shipyard to build two US flag crude oil tankers in partnership with shipbuilding technology firm Samsung Heavy Industries.
KBR inks EPC deal for Molycorp chlor-alkali plant
Rare earth oxides producer Molycorp awarded an engineering, procurement, and construction (EPC) contract to KBR to build a chlor-alkali plant as part of the company’s $781 million expansion at its flagship rare earth facility in Mountain Pass, Calif.
Chevron forms technology alliance with NASA to improve oil, natgas recovery
Chevron and NASA’s Jet Propulsion Laboratory (JPL) have formed an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources, the groups said on Monday.
Sunoco seeks shipper commitments for upcoming Marcellus Shale ethane pipeline
Sunoco Logistics is set to begin an open season for shipper commitments on its Mariner West project to deliver ethane from the Marcellus Shale region in the US.
US petroleum demand increased in June - API data
Total US petroleum deliveries in June were up on both a year-on-year and month-on-month basis, according to information released Friday from the American Petroleum Institute (API). Moreover, deliveries were up 1.9% for the first six months of 2011 over the same period in 2010.
Olin breaks ground on chlor-alkali expansion at Tennessee plant
Olin broke ground Friday on an expansion of its chlor-alkali plant in Charleston, Tenn., which includes a new state-of-the-art membrane cell manufacturing facility. Olin is investing $160 million in the new facility, which is scheduled for completion by the end of 2012.
CB&I wins $500mn LNG tank deal in Asia Pacific
CB&I has been awarded a contract in excess of $500 million for the engineering, fabrication and construction of two 160,000 cubic meter LNG storage tanks, as well as additional work for a confidential LNG liquefaction project in the Asia Pacific region.
US shale wave weakens petroleum market share for Russia, Iran, Venezuela - study
Rising US natural gas production from shale formations has already played a critical role in weakening Russia’s ability to wield an "energy weapon" over its European customers, and this trend will accelerate in the coming decades, according to a new study from Rice University’s Baker Institute.
Safety progress in Gulf of Mexico drilling should lead to more US permits - API
The US oil and natural gas industry has significantly improved offshore safety, according to Erik Milito, group director of upstream and industry operations at the American Petroleum Institute (API), in testimony delivered this week to the US Senate Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard.
Nalco merges with cleaning chemicals firm Ecolab in $5.4 billion deal
US water-treatment chemicals company Nalco has agreed to merge with cleaning chemicals firm Ecolab in a deal valued at $5.4 billion. The stock portion of the purchase price is expected to be tax-free to Nalco shareholders.
- 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
