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Crude oil

PGI Energy forms new European division to trade petroleum products in UK

PGI Energy has established a new European division, registered in London and Wales to trade petroleum products throughout the UK, the energy holding company said on Wednesday.

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.

Jacobs wins FEED phase of clean fuels, aromatics project at Ras Tanura refinery

Jacobs Engineering Group said Tuesday that it has been awarded the second phase of the clean fuels and aromatics project at the Ras Tanura refinery. This award is under the Saudi Aramco general engineering and project management services (GES+) contract.

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.

Bahamas oil terminals restart after Hurricane Irene

Buckeye Partners initiated start up procedures on Friday at BORCO, its marine terminal in the Bahamas, following the passage of Hurricane Irene. Buckeye had suspended operations at the terminal on Wednesday night as part of its preparations to secure the facility for Irene.

KBR awarded engineering design deal for BP FPSO project in UK

KBR said it received a letter of award from Hyundai Heavy Industries Co. to perform engineering design and procurement support for the BP Quad 204 floating production storage and offload (FPSO) project to be located west of Shetland Isles in UK waters.

Foster Wheeler awarded EPCm contract for Engen South Africa pipeline project

Foster Wheeler has been awarded a contract by Engen Petroleum for engineering, procurement and construction management (EPCm) services for Engen’s new multi-products pipeline feeder lines and infrastructure project at the company’s Durban refinery in South Africa.

Albemarle to produce renewable base oils for Amyris, Cosan JV

US specialty chemicals producer Albemarle has agreed to supply base oils to Novvi, a joint venture between Amyris and Cosan focused on the development, production, marketing and distribution of renewable base oils from Biofene, Amyris' renewable farnesene.

Enterprise, Energy Transfer call off proposed JV for Cushing-to-Houston crude pipeline

Enterprise Products has called off its proposed joint venture with Energy Transfer to develop and construct a 584-mile crude oil pipeline from Cushing, Oklahoma to Houston.

Anadarko picks Technip to engineer Gulf oil project

Anadarko Petroleum has issued a letter of intent to France-based Technip for the engineering, construction and transport of a 23,000 ton Truss Spar hull for their Lucius field development. This field is located in approximately 7,100 feet (2,165 meters) of water in the US Gulf of Mexico.