Sibur and Lukoil sign agreement for the supply of associated petroleum gas

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 opens Shiogama terminal in area affected by earthquake, tsunami

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 introduces new desalter emulsion breaker chemistry

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.

Haldor Topsøe's contract with Petróleos de Venezuela, S.A.

Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.

Update on dire refining situation in Japan

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 to acquire Lubrizol

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.

Japan's refining industry partially closed

Chaos continues as bleak news from Japan streams in from devastated areas

Monster quake wreaks havoc on Japan’s refining industry

An 8.9-magintude earthquake caused catastrophic damage to Japan’s northern Pacific coast on March 10.

Eni unveils strategic plan

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.

CERAWeek 2011 begins in Houston today

In Houston, Texas, energy executives worldwide have gathered for the 30th CERAWEEK conference.