Americas
Petrobras invests $400mn in biofuels through 2014
Petrobras plans to invest $400 million in biofuels over the next four years, the Brazilian oil giant’s head of technology management said on Thursday.
Lubrizol shareholders approve sale to Berkshire
At a special meeting on Thursday, shareholders of specialty chemicals firm Lubrizol overwhelmingly approved the acquisition of the company by Berkshire Hathaway for $135/share in an all-cash transaction.
Shaw awarded EPC deal for US nuclear plant
The Shaw Group was awarded a contract by an affiliate of American Electric Power (AEP) to provide plant life-cycle management services for the Cook nuclear plant in Bridgman, Mich.
Crude oil costs rise as OPEC meeting concludes without production increase
OPEC talks broke down on Wednesday as government officials were unable to convince the cartel to raise production rates.
ExxonMobil makes three oil, gas discoveries as Gulf drilling resumes post-moratorium
ExxonMobil announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well.
Air Products to expand US nitrogen output, pipeline
Air Products will increase production of ultra high-purity nitrogen and oxygen and expand its nitrogen pipeline serving the electronics industry in Chandler, Ariz., officials said on Wednesday.
BP unveils annual energy review, sees China passing US as top consumer
China became the world’s largest energy consumer in 2010, overtaking the US during a year which saw the global economic recovery drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks, BP said in its annual global energy review.
Shell commits to develop new Gulf deepwater field
Shell on Wednesday announced a $2.5 billion investment to develop its major Cardamom oil and gas field in the deep waters of the Gulf of Mexico. The Cardamom project is expected to produce 50,000 bbl/day of oil equivalent (boe) at peak production and more than 140mn boe over its lifetime.
LyondellBasell to buy Texas olefins pipeline system from BP
LyondellBasell signed a deal to purchase approximately 200 miles of pipeline near Houston from BP. The pipelines and metering stations comprise a Houston-area olefins distribution system transporting ethylene and propylene from Channelview, Texas, to Equistar's storage terminal at Mont Belvieu, Texas, and facilities in Deer Park, La Porte and the Bayport Industrial District in Pasadena, Texas.
IEA says natural gas entering 'golden age', could muscle out renewables
As supply and demand factors increasingly point to a future with natural gas playing a greater role in the global energy mix, the International Energy Agency (IEA) says natural gas may increasingly “muscle out” low-carbon fuels such as renewables and nuclear.
- Britain will not bail out bioethanol industry hit by Trump trade deal 8/15
- Russian energy facilities targeted recently in drone attacks 8/15
- Shell: Norco, Louisiana (U.S.) refinery gasoline unit work to start on Friday 8/15
- Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations 8/15
- The API challenges Trump plan to cut biofuel import credits 8/15
- IAG selects record 29 startups for accelerator program 8/15
