Americas
Talisman exits Sasol Canada gas-to-liquids project following study
After participating in Sasol Canada's feasibility study for a GTL (gas-to-liquids) facility, Talisman Energy has decided not to proceed with the next phase of the project. "After careful consideration, we have concluded that there are better ways to allocate capital in support of our strategy," said John A. Manzoni, CEO.
Dow picks Pennsylvania site for chemical R&D hub
Dow Chemical has chosen Collegeville, Pa., as the site for a new research and development facility that will open in early 2013. The site is currently owned by pharmaceutical company Pfizer.
Valero idles two US ethanol plants on low margins
Valero suspended production last week at its Albion, Neb., ethanol plant, while its Linden, Ind., facility shut down production on Tuesday. Each plant has the capacity to produce 120 million gal/year of ethanol.
Wison, Hyundai nab EPC contract for Puerto la Cruz refinery in Venezuela
Consortium Hyundai-Wison will carry out engineering, procurement, construction and start-up assistance of the environmental units, auxiliary units and revamp of atmospheric distillation units of the deep conversion project. Facilities will be able to process heavy crude oil, with a capacity of 210,000 bpd.
ExxonMobil CEO bemoans natural gas pricing
ExxonMobil is making "no money" on US natural gas due to low prices that have fallen below the cost of production. "We are losing our shirts," said company CEO Rex Tillerson.
Brazil ethanol industry needs years to recover lost production, says IEA
Brazil's ethanol industry will take several years to recover from recent production setbacks due to aging agricultural infrastructure and economic uncertainties, an official at the International Energy Agency said. Brazil's growers are struggling to bounce back from a bad crop in 2011-12
BP probes blast at Colorado gas compressor plant
One contract worker was killed and two injured after a Monday explosion at BP's gas compressor station near Durango, Colorado. BP said it continues to investigate the cause of the incident.
US appeals court backs EPA greenhouse gas rules
The US Court of Appeals for the District of Columbia Circuit, in an 82-page ruling, unanimously upheld the EPA's central finding that greenhouse gases such as carbon dioxide endanger public health and welfare. The EPA regulations followed a landmark Supreme Court ruling in 2007.
US oil, gas producers redeploy Gulf of Mexico staff as Debby weakens
Oil and gas producers in the US Gulf of Mexico moved to restaff their offshore operations and restart disrupted output Monday, as a weakening Tropical Storm Debby turned toward the western Florida coast. The National Hurricane Center said the storm had maximum sustained winds of 45 miles an hour.
Delta closes on Pennsylvania refinery purchase
Delta Air Lines’ wholly-owned subsidiary, Monroe Energy, has completed its previously-announced deal to acquire the 185,000 bpd Trainer refinery complex from Phillips 66.
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