Europe
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
Statoil withdraws from ownership in Swiss gas-to-liquids licensing venture
Statoil will withdraw from ownership and management roles with gas-to-liquids venture company GTL.F1, saying it does not see licensing of GTL technology as part of its core business.
BP adds Rosneft as partner in German refining JV
BP has added Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG).
BP/Davy select EPC firms CB&I, Jacobs and Shaw for Fischer Tropsch deployment
BP and Davy Process Technology announced collaborations with three EPC contractors to promote the commercialization of the BP/Davy Fischer Tropsch process.
Technip awarded €55mn contract from Statoil for Norway subsea project
France-based engineering firm Technip was awarded a €55mn contract from Statoil for the Vigdis NE field development located in the Norwegian Sea at a water depth of 220-310 meters.
Engineering group Howden acquires Dutch firm Thomassen Compression Systems
Global engineering group Howden has acquired Thomassen Compression Systems BV, complementing Howden’s existing range of compressors and opening up a wider market in the oil and petrochemical industries, the company said.
Global PVC growth to continue, but new China capacity will limit op rates - report
Polyvinyl chloride (PVC) demand growth is forecast to continue in 2011, but the start-up of additional capacity in China will lead to global operating rates remaining low, according to a new report from US-based consultancy ChemSystems.
Consultancy KBC predicts global refining margins under pressure through 2015
Energy consultancy KBC Advanced Technologies foresees global refining margins continuing under pressure as recovering global demand is met by a wave of new refining capacity construction, keeping global refining utilisation rates at around 85% of nameplate capacity at least through 2015.
Rotating equipment firm Dresser-Rand closes on €500mn deal for Spanish engine supplier
Rotating equipment company Dresser-Rand closed on its previously-announced acquisition of Spanish diesel and gas engine supplier Grupo Guascor S.L. (GG) from shareholders for a total enterprise value of €500mn (approximately $740mn) in cash and stock.
Technip awarded €100mn EPC contract for Canada oil sands project
France-based Technip said it has been awarded an engineering, procurement and construction (EPC) support contract worth approximately €100mn for the Horizon oil sands project in Fort McMurray, Canada.
- ECI Group's technology selected for world's first commercial-scale, fossil-free LDPE facility 9/2
- ASRock Industrial launches AiUAC to power software-defined, open industrial automation 9/2
- Construction to begin on multi-billion-dollar polyethylene plant in Kazakhstan 9/2
- West hits ‘peak sanctions’ on Russia’s energy sector 9/2
- India allows production of ethanol from sugarcane juice, molasses 9/2
- Yara Clean Ammonia boosts competitiveness with dual-fuel vessels 9/2
