Americas
LNG fuel use rapidly rising amid low costs - report
Houston-based energy analysis firm Zeus Development says that LNG fuel use is rapidly advancing across several heavy-duty transportation modes, including ships, locomotives, ore carriers, and highway trucks.
Praxair acquires US specialty gases distributor
Praxair has acquired Houston-based National Alloy and Equipment, an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services. Financial terms of the transaction were not disclosed.
Saudi Aramco, Dow see “significant progress” on chemical venture
The establishment of Sadara Chemical Company, a planned joint venture under formation between Dow Chemical and the Saudi Arabian Oil Company (Saudi Aramco), is making significant progress following the authorization by both companies in late July, officials from Dow said on Tuesday.
Shale gas market to triple by 2020, lead to more midstream investment - report
Infrastructure investments for the shale gas industry are growing amid rising global demand for natural gas, with current levels likely to triple by 2020 to reach 12.6TcF (trillion cubic feet), according to a new report from energy research firm SBI Energy.
Technip inks Venezuela production equipment deal
Technip was awarded a procurement, installation and operation support contract by Petroleos de Venezuela S.A. (PDVSA) covering subsea, onshore and offshore facilities, for an accelerated production system at the Mariscal Sucre Dragon development in offshore Venezuela.
Quaker Chemical buys US lubricant firm G.W. Smith
US-based process chemicals firm Quaker Chemical has acquired G.W. Smith, a leading manufacturer and supplier of die cast lubricants. The acquired business has net sales of approximately $14 million.
NPRA to change name in 2012 to American Fuel & Petrochemical Manufacturers
Charles T. Drevna, president of the US-based National Petrochemical & Refiners Association (NPRA) trade group, announced on Tuesday that NPRA will change its name in January 2012 to the American Fuel & Petrochemical Manufacturers (AFPM).
Dow, OxyChem form chlorocarbon venture to meet rising refrigerants demand
Dow Chemical and Occidental Chemical (OxyChem) intend to form a joint venture to manufacture and market a new chlorocarbon solution that is a building block for advanced climate-friendly refrigerants, initially for use in automobile air conditioning systems.
Dow to spend $25mn/yr on US university R&D work
Dow Chemical has increased its investment in research and development programs with leading US universities with a $25 million/year commitment for 10 years. The investment will be distributed among 11 institutions to strengthen research in traditional scientific fields important to Dow and to the nation’s future, the company said.
Murphy Oil completes US refinery sale to Calumet
Calumet Specialty Products has completed its previously-announced acquisition of Murphy Oil’s refinery and associated operating assets and inventories in Superior, Wisconsin, for about $442 million, subject to post-closing purchase price adjustments.
- Pengerang Terminals to provide storage and handling facilities for biorefinery feedstocks and products 7/31
- Indian state refiners pause Russian oil purchases 7/31
- PBF Energy partially restarts Martinez (U.S.) refinery, posts smaller-than-expected quarterly loss 7/31
- Key Asian fuel exporters boost jet fuel sales to Europe in July 7/31
- Vopak to expand biofuels storage capacity in Malaysia terminal JV 7/31
- China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery 7/30
