Refining
Weatherford, BP reach Gulf oil spill settlement
Oilfield equipment maker Weatherford agreed to pay BP $75 million to settle potential claims between the companies related to the Deepwater Horizon accident.
Praxair inks hydrogen supply deal for Motiva refinery in Louisiana
Reinforcing its strategy to meet growing customer demand in the Mississippi River corridor, Praxair said it signed a long-term agreement with Motiva to supply hydrogen to Motiva’s Norco refinery Louisiana.
US gasoline demand falling amid high costs - API
US gasoline deliveries in May were down from May a year ago and down year-to-date from 2010, though slightly higher than April, according to data released by the American Petroleum Institute (API).
Dresser-Rand, Statoil begin compressor R&D plan
Rotating equipment firm Dresser-Rand Group and refiner Statoil have launched a joint research and development project based on Dresser-Rand's integrated compression system (ICS).
Shell agrees to alliance, well manufacturing JV with China National Petroleum Co.
Shell and China National Petroleum Co. (CNPC) on Monday signed a global alliance agreement to emphasize a shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China, the companies said.
Honeywell ‘green’ jet fuel powers first-ever transatlantic biofuel flight
Honeywell said its green jet fuel successfully powered the first transatlantic biofuel flight, which landed over the weekend at the Paris-Le Bourget airport.
KBR, Shell to align on hydroprocessing technology
KBR and Shell have formed a new alliance in which KBR will market, sell and provide technology and design packages with Shell for hydroprocessing solutions worldwide.
Axens wins engineering deal for new Iraq refinery
South Refineries Co. (SRC), a subsidiary of the Iraq Ministry of Oil, awarded Axens the basic engineering design and license contracts for the construction of the new refinery in Maissan, southern Iraq.
Delek refinery in Arkansas returns to normal rates as pipeline resumes crude shipments
Delek US Holdings, a diversified energy company with assets in the petroleum refining, marketing and retail industries, said production levels had returned to normal rates at its refinery in El Dorado, Arkansas.
IEA sees increasing natgas use, warns of high oil prices curbing demand
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the International Energy Agency’s (IEA) medium-term oil and gas market outlook.
- Vyterra Renewables receives funding to advance its Nova Scotia low-carbon fuel oil project 3/26
- BASF inaugurates €8.7-B Verbund site in Zhanjiang, China 3/26
- Partners sought from construction and engineering for program to decarbonize £1 T/yr global market for low-carbon jet fuel 3/26
- OCI Global completes handover of Beaumont New Ammonia to Woodside 3/26
- Iran war chokes petrochemical supply, sends plastic prices soaring 3/26
- Russia's vast Kirishi oil refinery halts operations after drone attacks 3/26
