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Europe

Fluor wins engineering excellence award for Spain refinery expansion

Fluor said on Tuesday that it was awarded the 2010 national prize for industrial engineering by Spain’s National Society of Professional Industrial Engineers.

Age of pipeline systems unrelated to spill risk – new European study

European environmental and safety group CONCAWE recently released results of a new study, showing that there is no evidence that the aging of a pipeline system poses any greater level of spillage risk.

BASF to build 300,000 tonne/yr TDI plant in Europe

BASF announced Thursday that it will build the world’s largest single-train TDI (toluene diisocyanate) plant in Europe, with 300,000 tonnes/yr (tpy) of capacity and fully integrated with precursor production.

CB&I awarded $150mn engineering deal for UK Golden Eagle offshore platforms

CB&I said Thursday that it was awarded a $150mn contract by Nexen Petroleum for the detailed engineering of two fixed platforms for the Golden Eagle field in the UK sector of the North Sea.

Biofuels growth to be led by algae - consultants

Among next generation renewable fuel alternatives, algae stands out as one of the most promising and scalable options with the potential to supply key fuel and co-product markets, according to a recent study from consulting firm Pike Research.

Baker Hughes selected by Terra to manage Russia oil and gas assets

Terra Resources, a London-based independent oil and gas firm, said Wednesday that it had picked Baker Hughes to manage the development of its oil and gas assets in Russia.

Jacobs wins global services deal from petroleum additives firm Infineum

Jacobs Engineering Group was awarded a contract from Infineum, a world class formulator, manufacturer and marketer of petroleum additives, for a master services agreement for the company's operations in Europe, Asia and North America.

Sweden group picks engineering firm Jacobs for biomass gasification, methanation project

Jacobs Engineering Group announced Tuesday that it received a contract from Goteborg Energi AB for the GoBiGas project, a 20-megawatt biomass gasification and methanation project in Goteborg, Sweden.

Global chemical M&A activity jumps sharply in Q1

Merger and acquisition (M&A) activity in the global chemicals industry jumped significantly in the first quarter of 2011 when compared to the same period of 2010, according to a study from advisory firm PricewaterhouseCoopers (PwC).

IEA warns that high oil prices are hurting economy, seeks additional supply for refiners

The governing board of the International Energy Agency (IEA) says it has serious concerns that that the rise in oil prices is constraining the global economic recovery. In a statement issued on Thursday, the board said there was a “clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market”, particularly given the seasonal increase in demand from May to August.