The petrochemical holding company Sibur and the Lukoil Oil Co. have signed a long-term agreement for the supply of associated petroleum gas (APG).
ExxonMobil Japan Group has reopened its Shiogama terminal, enabling delivery of increased fuel supplies into the Tohoku area of Northeast Japan, which was affected by the March 11 earthquake and tsunami.
GE today announced it has introduced the next generation of its Embreak emulsion breakers. Coupling the new chemistry for light and medium density crude oils with the first generation heavy crude oil emulsion breakers, GE now offers a full suite of products that span the entire range of crudes, delivering optimal desalter performance, potentially reducing total costs of operation and increasing environmental benefits.
Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.
The 8.9 magnitude earthquake that struck Japan on March 11th has caused considerable interruption to oil refinery operations in the country. Hydrocarbon Processing’s Boxscore Database has complied data indicating that with a total of 28 oil refineries, Japan is the second largest refining country after China in the Asia-Pacific region.
Berkshire Hathaway Inc. and The Lubrizol Corp. announced on March 14 a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Chaos continues as bleak news from Japan streams in from devastated areas
An 8.9-magintude earthquake caused catastrophic damage to Japan’s northern Pacific coast on March 10.
Eni today presented the company's 2011-2014 strategic plan to the financial community in London. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M.
In Houston, Texas, energy executives worldwide have gathered for the 30th CERAWEEK conference.