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Refining

Offshore advances make Gulf drilling safe - API

The US should more quickly issue permits for offshore drilling in the Gulf of Mexico as the industry has taken considerable steps to improve its safety practices, American Petroleum Institute CEO Jack Gerard said in a recent conference address.

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.

New US bill seeks longer biofuels contracts

Extended purchasing contracts for advanced biofuels from the US Department of Defense (DOD) could help companies unlock more investment opportunities to build biorefineries, a biotechnology trade group said on Friday.

Aker Solutions wins offshore loading systems contracts in Brazil

Aker Solutions has won two contracts worth 120 million NOK ($21.8 million) for the supply of its Pusnes offloading systems to two FPSOs in the Brazilian market.

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.

Air Products inks deals with Valero, Denbury for carbon capture project in Texas

US industrial gases major Air Products has signed agreements with Valero Energy and Denbury Onshore to proceed with a planned carbon capture and sequestration project in Port Arthur, Texas.

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.

Shipper commitments sought for proposed Cushing-to-Houston crude oil pipeline

Enterprise Products and Energy Transfer announced on Wednesday the start of a binding open commitment period for available capacity on the proposed crude oil pipeline from Cushing, Oklahoma, to Houston. The pipeline would be designed and constructed as part of a 50/50 joint venture between the two partnerships.

Honeywell to begin work on new transportation fuels refinery in Iraq

UOP LLC, a Honeywell company, said Wednesday that its technology has been selected for a new transportation fuel refinery to be built in Iraq, with design to begin in the second quarter of 2011.