Americas
Two missing, 11 injured in US Gulf platform blast
Black Elk Energy CEO John Hoffman said the explosion was set off when sparks from a torch the workers were using to cut a line on the platform hit a storage tank, which then exploded. Five workers remain in hospitals, while two have been released. No fatalities have been confirmed.
EPA denies request to waive US ethanol mandate for gasoline blending
The EPA said Friday it hadn't found any evidence that its renewable fuel standard is causing economic harm. Cattle ranchers and dairy farmers, who use corn to feed cattle, have complained for several months that the ethanol mandate was driving up demand for dwindling supplies of corn.
BP to plead guilty to felonies, pay $4.5bn in Gulf oil spill settlement
Federal prosecutors also filed criminal charges against three employees of BP over the disaster, including two engineers who were on the drilling rig when it exploded.
Foster Wheeler venture wins FEED work for Canada oil sands processing site
The project, located in northern Alberta, is expected to have an initial production capacity of 90,000 bpd over two phases and an estimated project life of up to 40 years. The project is currently under review by regulators, according to company officials. The contract value was not disclosed.
Mitsui Chemicals mulls investment in US market
Low natural gas prices resulting from the US shale-gas boom are stimulating new investments in petrochemical plants there. "We're in talks with several companies," company president Toshikazu Tanaka told reporters. "The US is a very big market. We're interested."
Methanex wins environmental approvals for plant relocation in Louisiana
The approval represents a key milestone for the project. With air permits now in place, construction on the Geismar site can commence, according to the company. Dismantling activities in Chile have progressed and the project remains on track to produce methanol by the end of 2014.
GE partners with Clean Energy on LNG truck fueling
GE's plug-and-play modular units, designed to rapidly liquefy gas while minimizing physical footprint, will support fueling stations along major US transportation corridors. Truck fleets often can reduce fuel costs by more than 25% and cut emissions with LNG, the company says.
US industry sees self-sufficiency for natural gas, but not crude oil – survey
When it comes to oil, however, survey respondents are far less optimistic about the ability to meet American demand with domestic supplies: 54% say the US will never be completely oil self-sufficient, and only 26% of respondents say oil self-sufficiency is achievable in the next 10 years.
BASF to build emulsion polymers plant in Texas
With the new plant in Freeport, Texas, BASF believes it will be able to better serve the coatings, construction, adhesives, and paper industries by expanding the network of manufacturing locations and improve the backward integration of raw materials used in production.
US to overtake Saudi Arabia as top oil producer, says IEA
A shale oil boom means US production will pass that of Saudi Arabia by 2020, the IEA says, in a radical shift that could greatly transform energy supplies and geopolitics. The assessment is in stark contrast with last year, when the agency envisioned Russia and Saudi Arabia vying for the top position.
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