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H-Energy would target markets in Asia, Europe and Latin America. The project would be constructed in three phases, with the first liquefaction train of 4.5 MMtpa at an estimated cost of $3.18 billion coming online in 2020. The company is in the process of setting up a base in Nova Scotia to manage operations.
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Total said that two major projects will be implemented at its Antwerp facilities: a new refinery upgrading complex including a solvent de-asphalting unit and a mild hydrocracking unit and a plant to convert low value refinery fuel gases into low cost petrochemical feedstock.
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Petrobras didn't plan to fully withdraw from operations in neighboring Argentina despite confirmation of its interest in selling some assets there. Elsewhere, the company plans to hold on to its Pasadena refinery in Texas, but admitted that the operation could be part of divestment plans in the future.
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Valero plans to invest between $106 million and $192 million to overhaul its handling capacity at the Quebec refinery, including increased tankage and new crude carrying ships, in order to increase access to North American crude. That will provide it with a competitive advantage.
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The VAM unit in Tarragona, Spain, has a capacity of 200,000 tpy. Celanese said the decision to sell the plant was driven by a recently completed assessment of the company's overall corporate strategy, which included an assessment of the company’s global manufacturing facilities.
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The contractors are Bechtel, a joint venture comprised of KBR and JGC Corp., and the Technip/Samsung Engineering/China Huanqiu joint venture. The awards represent an important step towards Pacific NorthWest LNG designing and constructing a world-class LNG export facility in British Columbia.
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Chevron is in advanced talks to sell most of its downstream assets in Egypt and Pakistan in a sale that could be valued at around $300 million. Chevron has received at least three nonbinding bids.
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The new US energy secretary could delay further approvals for US companies seeking to export LNG, saying he wants to review whether studies of the issue are adequate.
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The likely deal with China Development Bank will be supported by an agreement to supply fuel products from Essar's refinery to PetroChina. Essar group said it has been in discussions with several international banks, including Chinese banks, to replace its local debt.
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Crews worked to clean up some 2,500 bbl of crude that spilled over the weekend at an oil storage terminal in Cushing, Oklahoma, the third biggest crude spill seen in the US this year. The Enbridge spill took place at a crude gathering site. It follows the rupture in March of Exxon Mobil's Pegasus pipeline.
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The blow-out took place in April 2010, resulting in 11 deaths and in the worst offshore oil spill in US history.
The executive had said the estimated flow was about 5,000 bpd, but internal BP documents from the time showed the company believed the rate was likely much higher.
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The Whitetail refinery site was chosen to take advantage of production from the nearby Eagle Ford Shale play, according to WEC officials. This is the first of several planned operations by WEC in the region.
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A consortium comprised of Itochu and foreign firms won an order from the State Oil Company of the Azerbaijan Republic to build Turkey's largest oil refinery in the western city of Izmir. Other members of the consortium are Tecnicas Reunidas, Saipem and GS Engineering and Construction.
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In a filing with the Coast Guard's National Response Center, the company reported that a trunk line hooked up to a storage tank leaked crude oil. The oil migrated beyond a barrier and was settling into a containment pond. The cause of the leak was unknown, according to the report, which was made public.
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Russia's slowing domestic economy is leading to a flood of Russian diesel exports flowing toward Europe, which could soon force a new round of European refinery closures.
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Canadian Prime Minister Stephen Harper took his case for approval of the Keystone XL pipeline to the United States, burnishing Canada's environmental credentials and saying the arguments for the project are "overwhelmingly on the side of approval."
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Protests against a planned oil refinery and petrochemicals facility broke out in southwest China for the second time this month, as pressure mounted on local leaders over environmental impact of the project.
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Shell's Nigerian unit, Shell Petroleum Development Company (SPDC) declared force majeure on gas supplies to Nigeria LNG Ltd. (NLNG) following a reported gas leak on one of its pipelines, SPDC said.
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The Cost Reduction Task Force, which authored the report, found that carbon capture and storage technology could be a viable option for the UK government in meeting its carbon reduction targets. The report estimated that CCS technology could soon generate electricity at a breakeven cost.
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Petrobras was informed that a federal judge suspended environmental licenses granted by INEA for the refinery under construction in Rio de Janeiro state. The judge ruled that IBAMA had jurisdiction over licensing the project, forcing a halt in construction until IBAMA issued new licenses.
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The gas supply problem is expected to be alleviated with the Los Ramones project, a pipeline that will carry gas from southern Texas to the central Mexican state of Guanajuato, which is a hub for the Mexican auto industry. Pemex plans to release bidding rules next week for the longest part of the pipeline.
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HollyFrontier disclosed that unplanned outages at two of its refineries will reduce its crude throughput in the 2Q by about 7.5% from what it had been expecting. HollyFrontier spokeswoman Julia Heidenreich said the company felt the event was material and should be reported to shareholders.
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Gasoline retail activities have decreased in Western Europe, on the back of lower consumption due to the prolonged economic crisis. Lower cost retailers have also emerged, forcing some major companies to rethink their refining and marketing strategy and focus instead on oil exploration and production.
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The Ascend propane hydrogenation (PDH) project will be located at a site near Houston, according to regulatory filings. This marks the 14th Oleflex project that UOP has announced since the beginning of 2011, and the company's seventh Oleflex project in North America since the technology was developed.
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The new office will offer process licensing for India's refining and petrochemical sectors, and be GTC's center for engineering/procurement/construction management and a regional site for the company's energy services and process equipment business units. Investment terms were not disclosed.