Europe
Valero confirms purchase of Chevron's Pembroke refinery and other assets
Valero Energy announced today that it has agreed to acquire Chevron's Pembroke refinery in Wales, UK, as well as extensive marketing and logistics assets throughout the UK and Ireland, for $730 million, excluding working capital.
Eni unveils strategic plan
Eni today presented the company's 2011-2014 strategic plan to the financial community in London. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M.
WSJ reporting Valero to buy UK refinery from Chevron
According to an article published online today by the Wall Street Journal (WSJ), Valero is close to buying a UK refinery from Chevron for $2 billion. The agreement was supposed to be announced at CERA Week today in Houston but was pushed back because final details are still being confirmed.
BASF reaches climate protection goal
Last year, BASF reduced specific greenhouse gas emissions by 29% compared with 2002. This means that the company reached its emissions goal pathway for 2020 for the first time.
IHS CERA/World Economic Forum report: Natural gas enters a new era of abundance
Technology is driving a revolution in natural gas supply, but its new abundance also brings market changes.
Offshore logjam breaking as oil field services sector rebounded in 2010
Strong oil prices and rising E&P budgets leading continued strong oil field services activity and improving financial performance is predicted in 2011.
CERAWeek 2011 begins in Houston today
In Houston, Texas, energy executives worldwide have gathered for the 30th CERAWEEK conference.
BP speaks up at CERAWeek
Robert Dudley, Chief Executive, BP plc, addressed the 2011 CERAWeek congress with a message of a new era and new responsibilities for the energy industry.
Surveying customer satisfaction among European polypropylene buyers
Beginning in March, more than 3,000 European polypropylene (PP) processors will have the opportunity to provide extensive feedback to their resin suppliers regarding product and service offerings via the global market research firm, Townsend Solutions.
7 out of 10 German customers fill up wrong
With the introduction of Super E10 (10% ethanol blended gasoline), nearly 70% of German drivers avoid filling up with the higher bioethanol fuel blend.
- 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
- NASCAR names POET official bioethanol partner: Becomes first major motorsports series to utilize zero-carbon bioethanol 2/16
- ExxonMobil starts third advanced plastics recycling unit at Baytown complex 2/16
- Geoinform, subsidiary of the MOL Group, signs strategic cooperation agreement with Baker Hughes 2/16
