Americas
Marathon Oil to buy $3.5 billion in Eagle Ford shale
Marathon Oil reached an agreement with Hilcorp Resources to purchase assets in the core of the Eagle Ford shale formation in Texas for $3.5 billion, subject to closing adjustments, customary terms and conditions.
CB&I awarded $40mn storage tank project from Bahamas refiner
CB&I has been awarded a storage tank project, valued in excess of $40mn, by the Bahamas Oil Refining Co.
Momentive completes sale of N America composites, coatings unit to European group
Momentive Specialty Chemicals said Wednesday that it had completed the previously-announced sale of its North American composites and coating resins business to PCCR USA, a subsidiary of European investment group Investindustrial.
Mexico oil firm PEMEX picks McDermott to build three Gulf pipelines
Engineering firm McDermott has been awarded a contract from Mexican energy major PEMEX for the procurement, construction and installation of three oil and gas pipelines in the Bay of Campeche, each ranging from 8 to 20 inches in diameter.
Offshore advances make Gulf drilling safe - API
The US should more quickly issue permits for offshore drilling in the Gulf of Mexico as the industry has taken considerable steps to improve its safety practices, American Petroleum Institute CEO Jack Gerard said in a recent conference address.
Dow applauds House Republicans for jobs agenda
Executives with US major Dow Chemical voiced support for recent progress they said had been made on the jobs agenda by Republican leaders in the US House of Representatives.
New US bill seeks longer biofuels contracts
Extended purchasing contracts for advanced biofuels from the US Department of Defense (DOD) could help companies unlock more investment opportunities to build biorefineries, a biotechnology trade group said on Friday.
Dow praises Obama for regulatory reform progress
Officials with US producer Dow Chemical on Friday applauded recent progress made by the Obama administration on issues of regulatory reform. Dow said it was pleased to see the administration following through on its commitment to review existing regulations and make changes, if appropriate, noting that it was particularly pleased to see the public given an opportunity to recommend rules for review.
Chem Safety Board to investigate third accident at metal powder plant in Tennessee
A four-person investigation team from the US Chemical Safety Board (CSB) was deployed on Friday to the site of a third serious accident at the Hoeganaes Corp. plant in Gallatin, Tennessee. An explosion was reported earlier on Friday at the plant, injuring five, including three who were in critical condition at the Vanderbilt University Medical Center burn unit in Nashville.
Aker Solutions wins offshore loading systems contracts in Brazil
Aker Solutions has won two contracts worth 120 million NOK ($21.8 million) for the supply of its Pusnes offloading systems to two FPSOs in the Brazilian market.
- 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
