Refining
Statoil sells fuel, retail unit, turns focus to upstream
Statoil joins a long string of oil majors offloading their retail holdings and leaving a challenging market where profits are pressured by high crude oil prices. The deal will give Canadian buyer Alimentation Couche-Tard around 2,300 fuel stations across Scandinavia, Poland, the Baltics and Russia.
UOP, Ensyn venture wins sustainable biofuel award for conversion technology
Envergent Technologies, a joint venture of UOP and Ensyn, has been given an award in the category of sustainable biofuels for its contributions toward sustainable biopower generation facilities. Envergent’s RTP technology is currently in use in seven commercial biomass processing plants in the US and Canada.
CB&I to build storage tanks for Kinder Morgan oil terminal in Canada
CB&I has been awarded a storage tank contract, valued in excess of $55 million, by Trans Mountain Pipeline, operated by a subsidiary of a Canadian subsidiary of Kinder Morgan. The project is scheduled for completion in 2013 and will go in the company’s books as a first quarter 2012 award.
Brazilian miner Vale, oil major Petrobras to unveil joint projects next month
Brazilian mining company Vale and oil and gas company Petrobras will announce joint projects in a month's time. Vale and Petrobras, Brazil's biggest companies by market value, last Friday signed an accord to undertake joint projects in areas including fertilizer raw materials and oil and gas.
BP awards engineering deal for Rotterdam refinery FCC shutdown to Jacobs
BP has chosen Jacobs to provide engineering and procurement services, as well as engineering assistance during construction, commissioning and startup, for a major shutdown of the fluid catalytic cracker at its Rotterdam refinery in The Netherlands. The Rotterdam facility has 400,000 bpd of capacity.
Oiltanking to raise crude storage at Texas terminal
Oiltanking announced a $104 million expansion project to construct 3.2 million bbl of new crude oil storage capacity at its Houston terminal facility. All environmental and internal approvals are in place, and the additional capacity is expected to be placed into service in the fourth quarter of 2013.
Enterprise, Enbridge speed up Seaway oil pipeline reversal in US
The Seaway pipeline reversal designed to help ease the glut in Cushing, Okla., will begin delivering crude oil to Gulf Coast refineries earlier than expected, a spokesman for the project said. The reversal had been expected to start up by June 1, but now could begin around May 17.
Delta reportedly approves Conoco refinery deal
The Delta Air board is said to have signed off on the Trainer refinery purchase in Pennsylvania, and Delta hopes the deal with ConocoPhillips can be completed this week.
Global refinery runs to improve in months ahead
Growth in demand could give European refiners, struggling from lackluster regional demand, export opportunities - in particular, gasoline to the US Northeast, the IEA says.
Enterprise forms partnership to build NGL pipeline from Colorado to Texas
Enterprise Products, Anadarko Petroleum and DCP Midstream agreed to build a new NGL pipeline that will start in the Denver-Julesburg Basin in Weld County, Colorado, and extend 435 miles to Skellytown, Texas. Enterprise will build and operate the pipeline, which begins service in the 2013 fourth quarter.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
