Americas
SABIC, Sinopec in talks with Trinidad to build $5.3bn methanol complex
SABIC and Sinopec have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country. Last month Sabic signed a protocol of cooperation with Sinopec to explore new business opportunities.
Air Liquide starts up new US air separation unit
Air Liquide said on Monday that it started up a new air separation unit (ASU) at its facility in Geismar, La., seeking to increase its supply of nitrogen, oxygen and argon to customers in industries such as refining, natural gas and chemicals.
Enterprise raises oil storage capacity at proposed Houston crude terminal
Enterprise Products has purchased a 37-acre tract of land adjacent to its Enterprise Crude Houston (ECHO) crude oil terminal, which is currently under construction, in southeast Harris County, Texas. The ECHO facility is expected to begin service in the second quarter of 2012.
Halliburton, Petronas form partnership to develop global shale resources
Halliburton and PETRONAS Carigali have signed an agreement for the evaluation and development of global shale resources, the companies said on Friday. They plan to set up a shale technical center in Kuala Lumpur, Malaysia, which is where the deal was signed.
Copano to expand Eagle Ford shale pipeline in US
Copano Energy says it will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas. The extension is expected to begin service in the first half of 2013 and cost approximately $120 million.
IEA cuts 2012 outlook for global oil demand growth, cites weaker economy
The IEA lowered its estimate for global oil demand growth in 2012 to 800,000 bpd, compared to its previous forecast of 1.1 million bpd amid weaker economic predictions. Global GDP growth is revised down to 3.3% for 2012, from the 4.0% level assumed since September, the agency noted.
Global paints, coatings demand to rise 5.4%/year through 2015 - study
Global demand for paints and coatings is forecast to rise 5.4%/year to 45.6 million metric tons in 2015, according to a new study. The Asia/Pacific region will remain the leading consumer of paint and coatings through 2015, and will also see the most rapid gains, according to the report.
BG Group cuts US shale gas drilling amid low prices
UK energy firm BG Group is proposing to scale back 80% of its planned US shale gas drilling activity for this year in response to a sharp fall in prices. New extraction techniques that allow producers to unlock previously untouched shale gas fields have led to abundant supply, pushing down prices to a decade low.
Husky building new hydrotreater at Ohio refinery
Husky Energy has begun construction on a new 20,000 bpd kerosene hydrotreater at its refinery in Lima, Ohio. The hydrotreater should help the company increase jet fuel production. The refinery has a capacity of 155,000 bpd, making it the 48th-largest in the US.
Plains to build northern Oklahoma crude oil pipeline
Plains All American Pipeline says it will construct a new 170-mile pipeline to service the increasing Mississippian Lime crude oil production in northern Oklahoma and southern Kansas. The pipeline is expected to be completed in mid-2013, the company said.
- 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
