Americas
Repsol likely to sell global LNG assets to Shell
Repsol was initially looking to raise some €3 billion via the sale, but the final figure could be much lower, in the ballpark of €2 billion. The LNG assets are located in Peru, Trinidad and Tobago, Canada and Spain.
Valero exploring use of rail to move Canadian crude oil to US Gulf refineries
Valero already has expanded greatly how much oil from Texas and North Dakota its Gulf Coast refineries use. The San Antonio, Texas, company, the world's largest independent refiner, now is looking into using rail cars to bring Western Canadian oil to the Gulf Coast, home to about two-thirds of its refining capacity.
Hess to sell terminals, close New Jersey refinery
Hess no longer considers the terminal network -- which includes 19 terminals along the East Coast and which had been a main outlet for production for its Hovensa joint venture with PdVSA -- as central to its operations. Hess's St. Lucia terminal in the Caribbean also will be in the group offered for sale.
Shell, Kinder Morgan announce plans to export LNG from Georgia terminal
The move, which comes in the wake of a recent report commissioned by the US Department of Energy that came out in favor of LNG exports, is the latest among major energy companies seeking to capitalize on North America's the newly found abundance of natural gas from shale.
US chemical group retracts stated support for natural gas exports
The American Chemistry Council (ACC) has retracted a week-old statement on its website in support of US natural gas exports, officials with the trade group confirmed.
KBR named engineering partner by CRI for catalytic thermochemical technology
Under the terms of the contract, KBR will provide basic engineering services for broad, full scale commercial deployment of IH2 units. IH2 technology is a cost-effective catalytic thermo-chemical process to produce liquid transportation fuels from renewable resources.
M&G picks Sinopec to build Texas PET, PTA plants
The completion of construction of the plants, including the time required to obtain necessary permits, is expected to occur within 36 months. M&G's engineering arms will provide critical equipment and services on a subcontracting basis to turnkey contractor Sinopec Engineering.
US appeals court overturns key portion of EPA's renewable fuels mandate
The decision means the EPA will have to be more cautious in setting future requirements for buying advanced renewable fuels, including a mandate for this year that is still pending. In previous years, developers relied on the EPA's mandate to show investors there will be a market for their product.
Chesapeake to supply Methanex gas in Louisiana
Commencement of natural gas deliveries will coincide with the startup of the plant, which is expected by the end of 2014. This contract will enhance Methanex's ability to reliably supply quality product to its US customers for at least the next 10 years, according to top company officials.
BP awards turnaround management deal to KBR at Alabama aromatics site
The contract is valued at $3.5 million and underscores KBR’s ability to mobilize skilled resources and execute highly complex, time-sensitive projects, according to the companies. The plant uses paraxylene to manufacture plastic bottles, polyester material and new generation polyesters and resins.
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
