Europe
Full tanks and tankers: a stubborn oil glut despite OPEC cuts
NEW YORK/LONDON/SINGAPORE (Reuters) -- After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.
Glencore agrees JV deal to supply Mexican fuel stations
LONDON (Reuters) -- Mining and commodities trading group Glencore is jumping into Mexico's recently opened energy sector, one of the hottest investment tickets in the industry, by setting up a retail station franchise and fuel supply deal with local group Corporacion G500 SAPI (G500), it said on Thursday.
KBR wins two more contracts for EuroChem Kingisepp Ammonia
HOUSTON -- KBR, Inc. announced it has been awarded Operator Training Simulator (OTS) and Reliability Based Maintenance (RBM) services contracts by JSC EuroChem Northwest for their ammonia plant under construction in Kingisepp, Russia.
Burckhardt awarded modernization project at MOL petchem plant in Hungary
Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee.
Rosneft eyes joint oil supplies to Egypt with Italy's Eni
SOCHI, Russia (Reuters) -- Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday.
Investors to press Shell over climate pay policy small print
LONDON (Reuters) -- Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives' bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.
Moscow refinery to be back on line in 2–3 days after emergency shutdown
MOSCOW (Reuters) -- Moscow oil refinery, halted because of an emergency at the weekend, will resume production within two or three days, TASS news agency quoted the Russian energy ministry as saying.
Wärtsilä acquires Greensmith Energy Management Systems
The technology group Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., a US-based leader in intelligent energy storage technology and solutions, for an undisclosed amount. The acquisition of Greensmith will enable Wärtsilä to expand its footprint in the energy storage market.
Sasol, Linde enter long-term agreement for EPC services
JOHANNESBURG, South Africa/PULLACH, Germany — Sasol South Africa Limited, represented by Group Technology, a division of Sasol South Africa Ltd, has awarded The Linde Group’s Engineering Division a Professional Services Term Agreement for an initial term of two years with an option to extend.
BASF sees role of oil and gas unit declining further
MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
