Americas
ExxonMobil wins court reversal of $1bn in damages from Maryland gas leak
The Maryland Court of Appeals reversed more than $1 billion in punitive damages, awarded by a jury in 2011, adding that residents and business who accused the energy giant of fraud hadn't sufficiently proven their case. The court also reversed a large number of compensatory damages.
US demand for oil, products drops to historic lows
Demand for all major petroleum products was lower in 2012, led by a near 400,000-bpd decline in gasoline demand. Gasoline use fell 0.6% to an average of 8.703 million bpd, the weakest level in 11 years. Gasoline is the most widely used petroleum product in the world's biggest oil consumer.
Japan's Tepco to import US liquefied petroleum gas from Enterprise Products
Enterprise processed a company record of 707,000 bbl, or 60,800 tons, a day of NGLs in the fourth quarter. Enterprise is putting the finishing touches on nearly doubling its propane-export capacity to 7.5 million bbl/month, which it says will bring its LPG export sales to more than Saudi Arabia.
Accusations fly at Deepwater Horizon spill trial
Lawyers for BP, Transocean, Halliburton, the federal government, Gulf Coast states and local businesses traded barbs over who is to blame for the deadly 2010 explosion.
Sempra expects US gas-export approval in 2013
The company applied in December with the Federal Energy Regulatory Commission for approval of the project, and it expects to obtain the agency's approval by the end of this year, said Sempra CEO Debra Reed. The gas-export terminal is designed to export up to 12 million tpy of natural gas.
Shell to acquire Repsol gas liquefaction facilities in Peru, Trinidad and Tobago
Long rumored, the acquisition includes LNG assets outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion. Shell will also assume balance sheet liabilities predominantly reflecting leases for LNG ship charters of currently $1.8 billion.
TPC approves engineering design phase for Texas butadiene expansion
This approval follows the successful completion of the project's preliminary engineering study to produce butadiene from a variety of sources. TPC Group said it anticipates that its engineering design optimization will be complete by the end of the third quarter of 2013.
Transocean accused of improper training, subpar maintenance in Gulf spill
Information about close calls on other rigs wasn't passed along, a lawyer said, adding that just a month before the April 2010 accident, the Transocean crew on the Deepwater Horizon failed to catch a sudden surge of natural gas from the well they were drilling, indicating the company had "a chronic problem."
Magellan to buy refined product pipelines of Plains in Rocky Mountain region
The assets to be sold from Plains include a pipeline system that delivers refined products throughout Wyoming, South Dakota and Colorado and associated tankage, as well as a pipeline system that delivers refined products from El Paso, Texas, to Albuquerque, N.M., and Juarez, Mexico.
C3 Petrochemicals plans new Texas PDH plant
If the application is approved, C3 Petrochemicals will build a new propane dehydrogenation (PDH) plant near Alvin, Texas, to produce polymer- and chemical-grade propylene.
- CNG, NOVA Chemicals collaborate to commercialize recycled polyethylene for sustainable flexible packaging 9/11
- Ecovyst announces agreement to sell its Advanced Materials & Catalyst segment to Technip Energies for $556 MM 9/11
- Toyo awarded revamp contract for gas-chemical complex in Turkmenistan 9/11
- Unified device integration roadmap solidified following FieldComm Group and FDT Group business combination 9/11
- 75% of critical infrastructure organizations endorse ‘secure by operations’ strategy to defend against OT cyberattacks 9/11
- BASF, AkzoNobel and Arkema team up to lower carbon footprint of architectural powder coatings 9/11
