Europe
Exxon to sell UK lubricants unit Comma to Cosan
Cosan SA Industria e Comercio, Brazil's largest sugar and ethanol company by revenue, said Thursday that it signed an agreement to acquire lubricant maker Comma Oil and Chemicals, a unit of ExxonMobil. Comma produces and distributes vehicles lubricants in the UK.
Repsol to align with Pemex on downstream work in Americas, Spain, Portugal
Spain-based Repsol signed a strategic industrial alliance with Pemex, for 10 years, looking for synergies and profits in the short and medium term. The agreement involves cooperation in upstream and LNG in the Americas and downstream operations in the Americas, Spain and Portugal.
AspenTech buys German firm SolidSim Engineering
Aspen Technology (AspenTech), a producer and distributor of software and services to the process industries, has acquired SolidSim Engineering GmbH, a Germany-based provider of solids process modeling software. Terms of the transaction were not disclosed.
Lukoil taps Foster Wheeler for waste heat boiler at Russia refinery
Foster Wheeler has been awarded a contract by Lukoil for the supply of a waste heat boiler for the Nizhegorodnefteorgsyntez refinery located in the Nizhny Novgorod region of Russia. Foster Wheeler’s scope of work is scheduled to be completed by March 2013, it said.
Axens technology chosen for linear alpha-olefins at Russia petrochemical project
ZAO Far East Petrochemical Company (FEPCO), which is implementing the NK Rosneft project of OJSC for a new petrochemical complex to be located in Primorsk region of Russia, has selected Axens’ AlphaButol and AlphaHexol technologies to produce high-purity linear alpha-olefins.
Engineering firms DHV, Royal Haskoning to merge
Engineering consultancies DHV and Royal Haskoning have agreed to merge with an expected closing date in mid-2012, officials said on Tuesday. With headquarters in Amersfoort, the Netherlands, the company’s 8,000 staff will provide services from more than 100 offices in over 35 countries.
Shell to buy fuel from Petroplus French refinery
The company will use the France refinery owned by insolvent Swiss-based refiner Petroplus to process crude oil for six months, said French President Nicolas Sarkozy.
TNK-BP to review operations at unprofitable Ukraine refinery
Russian oil major TNK-BP, half-owned by BP, said Friday that operations at the Lisichansk refinery in Ukraine have become unprofitable and it plans to further review its options for increasing efficiency. The refinery has a capacity of over 7 million tpy of crude oil.
Lower crude exports from Iran could trigger 30% spike in oil prices - IMF
A halt of Iran's oil exports to Organization for Economic Cooperation and Development (OECD) countries could trigger a 20%-30% spike in oil prices, an International Monetary Fund official said. The EU last month said it would ban all purchases of oil from Iran for countries within the union.
ExxonMobil says oil, gas reserves higher in 2011
ExxonMobil said Thursday the company's 2011 proved oil-and-gas reserves inched up compared with the previous year. The bulk of reserves additions came from the Kearl Expansion Project in Canada, which totaled 1 billion oil-equivalent bbl. Additions were also made in the US, Nigeria and Indonesia.
- BASF supports European 1,4‑butanediol supply security through increased production in Ludwigshafen 2/16
- Vitol backs proposed $3-billion LNG power plant for South Africa's Durban port 2/16
- HAMR Energy receives additional funding for low-carbon liquid fuels projects 2/16
- Suffocating Western pressure may finally force Russian oil output cuts 2/16
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
