Americas
US likely to limit LNG exports to keep low gas price
The US government is likely to impose limits on exports of LNG in order to keep its natural gas prices low, said executives from two major oil firms. Several companies are planning to build plants that would convert some of this domestic surplus of gas into LNG that could be shipped internationally.
BASF acquires Brazil polyamide polymer business
BASF on Thursday struck a deal to buy the polyamide (PA) polymer business of Mazzaferro Group in Brazil. The deal includes the site and production facilities for the PA 6 product range, as well as engineering plastics compounds at São Bernardo do Campo in the metropolitan area of São Paulo.
Enterprise to raise Texas propane export capacity
In response to increased demand for propane from international markets, Enterprise has started a debottlenecking project on its existing export facility to increase propane export capacity by up to an additional 100,000 bbl per month. The work is expected to be completed by June 30, 2012.
FMC launches environmental solutions business
FMC Corp. has launched FMC Environmental Solutions, a new division that integrates the company's portfolio of proprietary products and specialty solutions that prevent or remediate contamination of air, soil and water. FMC says it sees the development of an environmental platform as a strategic growth opportunity.
Exxon Louisiana pipeline remains shut after oil spill
ExxonMobil said Wednesday that the North Line crude pipeline in Louisiana remains shut down after an oil spill occurred over the weekend and that cleanup operations continue. The North Line originates in St. James, La., and transports oil to the northern part of the state.
Air Products inks hydrogen supply pact with Motiva for Louisiana refinery
Air Products will supply additional hydrogen to be used by Motiva's 235,000 bpd Convent refinery in Louisiana under a long-term agreement with Motiva Enterprises, the joint venture between Shell and Saudi Aramco. The company's new Gulf Coast hydrogen pipeline network will be operational in 2012.
Finland's Neste Oil sells first biodiesel to US market
Finland's Neste Oil has recently supplied its first batch of NExBTL biodiesel to the US market. NExBTL renewable diesel is an ideal low-carbon fuel for the US market because it is compatible with existing infrastructureand is accepted within the existing refinery and pipeline distribution system, the company says.
Technip wins engineering deal on wood-to-gasoline biorefinery in Canada
CORE BioFuel has selected Technip to complete the construction engineering of their first wood-to-gasoline biorefinery in Canada. The announcement did not disclose the exact location of the refinery, though a prior CORE news release said the first such facility would be located in Canada.
Shell to start up Ho-Ho oil pipeline reversal in 2013, carry crude from Houston
Shell Pipeline successfully concluded the binding open season period for firm capacity on the Houma-to-Houston pipeline system reversal project (Ho-Ho Reversal). The Ho-Ho Reversal project is expected to complement the new pipeline infrastructure that is currently being built to the Houston area.
OTC '12: Global operators see access challenges
While ample evidence exists to effectively debunk the peak oil theories, locating and extracting reserves that are more than capable of meeting future demand remains a primary challenge going forward.
- Indonesia's Pertamina to merge refinery, shipping and retail operations 9/12
- BlackRock-led group in talks to raise around $10.3 billion for Aramco deal 9/12
- ABS approves blue ammonia FPSO concept from SBM Offshore 9/12
- Pakistan's top refiner Cnergyico to boost fuel oil exports as domestic sales plummet 9/12
- E20 fuel safe but curbs vehicle performance, Mahindra executive says 9/12
- Canada may drop oil emissions cap as part of new climate plan 9/12
