Asia/Pacific
ExxonMobil to spend $185bn through 2016 to grow new energy sources
US-based oil and gas major ExxonMobil plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, CEO Rex W. Tillerson said. A total of 21 major oil and gas projects will begin production between 2012 and 2014.
Dow Chemical picks Fluor as global EPC contractor for capital projects
Fluor announced Thursday that it and Dow Chemical signed a strategic global engineering, procurement, construction (EPC) and construction management agreement in support of Dow’s global capital projects program ranging across all products. The initial deal is for three years with an extension option.
GE, Chesapeake to collaborate on US natural gas fueling infrastructure
General Electric (GE) and natural gas producer Chesapeake Energy said Wednesday that they will work together to develop new infrastructure to accelerate the adoption of natural gas as a transportation fuel. The biggest hurdle to natural gas's wider use in vehicles is refueling.
BASF, Petronas sign pact to develop Johor refinery
Malaysia's state-owned oil-and-gas firm Petroliam Nasional, or Petronas, said Tuesday that it has signed an agreement with BASF to form a joint venture to develop a new refinery project in Pengerang, Johor. The project is part of Petronas' planned Refinery & Petrochemical Integrated Development (RAPID) complex.
Chemtura breaks ground on petroleum additives, urethanes facility in China
US-based specialty chemicals firm Chemtura on Tuesday held a groundbreaking ceremony for its new, multipurpose manufacturing facility in Nantong, China. This facility will be Chemtura’s largest single investment since its formation in 2005 and the centerpiece site for manufacturing in Asia-Pacific.
CERAWeek '12: US shale board talks fracking feud, hypes water management
Members and associates of the US Shale Gas Advisory Board (SGAB) opened the CERAWeek conference by sharing thoughts on the controversies and challenges surrounding shale gas and oil development.
HB Fuller acquires global industrial adhesives business of Forbo
HB Fuller has completed the acquisition of the global industrial adhesives business of Forbo Group, the company said on Monday. The unit generated approximately $580 million in revenue for the fiscal year ended Dec. 31, 2011 and operates 17 manufacturing facilities in 10 countries.
Pakistan rejects US call to drop Iran gas pipeline
Pakistan isn't shying away from a fight with the US over Washington's threat of sanctions if Islamabad continues to push ahead with plans for a gas pipeline to Iran. New Delhi, too, has argued that it needs Iranian crude oil to meet its energy needs, despite pressure from the US to cut back.
Siemens to supply compressors for air separation plant in China
Siemens Energy will supply together with its Chinese joint venture SITHCO (Siemens Industrial Turbomachinery Huludao Co. two pre-engineered integrally geared compressors for an air separation plant to China. The plant will go online in early 2013. Financial terms of the deal were not disclosed.
Consider a new monitoring system to prevent corrosion
This innovative, continuous supervising method collects real-time data on important asset health
- Argentina raises biofuel prices for domestic market 7/14
- Technip Energies' develops low-emission furnace design to reduce the carbon footprint of ethylene production 7/14
- Biofuel demand to soak up more than half of U.S. soyoil production next year, USDA says 7/14
- Russia's June seaborne oil product exports down 3.4% m/m 7/14
- Serbia seeks fifth U.S. sanctions waiver for Russian-owned oil firm NIS 7/14
- EIA: U.S. hydrocarbon production supported by export growth in long-term projections 7/14
