Crude oil
US extends offshore leases for deepwater drilling
The Obama administration recently extended nearly 1,400 deepwater oil and gas drilling leases in an effort to offset production delays caused by the 2010 Gulf of Mexico oil spill and the subsequent five-month ban on new offshore drilling.
BP inks $50mn settlement to resolve claims from Texas City refinery blast
BP has agreed to pay $50 million to the state of Texas to resolve air pollution allegations related to the March 2005 explosion at its Texas City refinery, according to a statement from Texas Attorney General Greg Abbott. An explosion and related fires erupted at BP’s Texas City refinery in March 2005, claiming 15 lives and injuring more than 170 workers.
HP Construction: North America
Eastman Chemical Co. has announced a second expansion of its Benzoflex plasticizer line at the Kohtla-Järve, Estonia, site. The expansion will increase Benzoflex capacity by an additional 11,000 ..
HP Construction: Middle East
L&T Hydrocarbon has a project order, valued around $150 million, from Petroleum Development Oman LLC (PDO). The order is to set up a greenfield project planned to treat an average of 3 million standar..
HP Construction: Asia-Pacific
Alfa Laval has won an order to supply its Packinox heat exchangers to a refinery in Kazakhstan. The order value is approximately SEK 55 million, and delivery is scheduled for 2012.The Packinox heat ex..
Enterprise starts new pipeline for Louisiana shale
Enterprise Products says its $1.5 billion, 270-mile Acadian Haynesville Extension pipeline officially begins commercial service on Tuesday. Featuring interconnects with 12 interstate pipeline systems and the only southerly option that avoids potential bottlenecks at the Perryville hub, the Haynesville Extension offers producers flow assurance and market choice to assist in maximizing the value of their natural gas.
Shale plays spark Q3 rise in US oil, gas deals - PwC
The total value of US oil and gas mergers and acquisitions (M&A) during the third quarter of 2011 jumped 135% as foreign investors continued to show interest in the energy sector, especially in taking positions in shale plays and upstream-related assets, according to a new study from global consultancy PricewaterhouseCoopers (PwC).
LUKoil begins $3bn/year investment plan for Russia downstream projects
Russia’s largest private oil company LUKoil has begun construction on a gas processing plant (GPP) included in a gas chemical facility (GCF) in Budyonnovsk, Stavropol Territory, part of the company’s plan to invest $3 billion/year in downstream operations from 2012 through 2014.
BP reaches turning point in oil output, safety - CEO
As BP announced its third-quarter financial results on Tuesday, group CEO Bob Dudley put forther more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point in oil and gas production.
Williams to supply pipeline, gas processing for US Gulf development of Hess, Chevron
US natural gas infrastructure company Williams has signed agreements with Hess and Chevron to provide production handling, export pipeline, oil and gas gathering and gas processing services in the Tubular Bells field development located in the eastern deepwater Gulf of Mexico.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
