Europe
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
Technip buys subsea service firm Global Industries
France-based engineering firm Technip announced a $937 million deal to acquire US-based Global Industries, reinforcing its leadership in the subsea segment of oil services.
Eastman to expand global capacity for plasticizers
Eastman Chemical announced a second expansion of its Benzoflex plasticizer line at the Kohtla-Järve site in Estonia. The expansion will increase capacity at the site by an additional 11,000 metric tons and is expected to be completed by the end of the 2012 second quarter.
BP sells stakes in southern Africa fuels marketing
BP has completed the sale of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania to Puma Energy. The sale of the final business in Tanzania completed on September 1, the company said.
Shell to invest $800mn in Ukraine shale gas
Shell has agreed to invest up to $800 million as part of a project to extract shale gas in Ukraine, according to officials with both the company and the Ukraine government.
Consider new processes for clean gasoline and olefins production
Advanced technologies promote propylene yield while reducing olefins in gasoline
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Innovative use of catalyst and operating conditions increases on-purpose olefin production
Refining outlook: Capacity expansion and rationalization
Many factors are reshaping the global refined products industry, leading to inevitable change
Achieve success in gasoline hydrotreating
Case history describes how to achieve superior performance during FCC gasoline hydrotreating
Understand differences between thermal and hydrocracking
Successful operation and product yields are controlled by reactions at the molecular level
- Aster Chemicals declares force majeure at Singapore naphtha cracker 8/29
- Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses 8/29
- Novatek partially resumed processing at Ust-Luga complex 8/29
- Phillips 66 to begin winding down Los Angeles-area refinery next week 8/29
- Update: Mexico's Minatitlan refinery back online, Olmeca still down 8/29
- SIBUR produces test batch of first hexane plant in Russia 8/28
