Crude oil
Chavez bemoans US regulation and Citgo profitability
The human quote machine and general despot of Venezuela Hugo Chavez is once again in the news, this time for bad mouthing the Venezuelan-owned company known as Citgo.
Technip finalizes agreements with MISC and MHB
Technip has finalized its agreements with MISC Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), two companies within Malaysia’s national oil corporation, Petroliam Nasional Berhad (Petronas), to establish their long-term collaboration.
Oil and gas reserves increased 3% in 2009
The worldwide upstream investment of 224 oil and gas companies decreased 23% to $378 billion in 2009, according to the 2010 Global Upstream Performance Review, released by oil and gas research firm IHS Herold.
Sonoro signs asphalt license agreement in Iraq
Sonoro Energy Iraq B.V. and its partner, Berkeley Petroleum Mesopotamia Asphalts Ltd., have signed an asphalt license agreement with the Al-Salah ad Din Provincial Government in the Republic of Iraq.
Baker Hughes, Intertek sign global cargo services alliance
Baker Hughes has formed a strategic alliance with Intertek Group plc to provide cargo treatment additive services to the global petroleum industry.
Bixby Energy Systems’ new liquefaction technology
Bixby Energy Systems, Inc. has added carbon liquefaction technology to its energy portfolio, which when commercialized, will allow the company to produce both synthetic natural gas and light sweet crude oil from coal without the need to burn the coal and significantly reducing greenhouse gases.
Update from the National Petroleum Council’s September meeting
The National Petroleum Council (NPC) is a federal advisory committee to the US Secretary of Energy. The sole purpose of the NPC is to advise, inform and make recommendations to the Secretary of Energy, at his request, on matters pertaining to oil and natural gas or to the oil and gas industries.
IOCL selects Axens' coker gas oil hydrotreating technology
Indian Oil Corp. Ltd (IOCL) has chosen Axens to supply the technology for its coker gas oil (CGO) hydrotreating unit at its refinery in Haldia, India.
Magellan Midstream purchases additional petroleum storage
Magellan Midstream Partners has completed its acquisition of 7.8 million barrels of crude oil storage and more than 100 miles of active petroleum pipelines from BP Pipelines (North America), Inc. for $289 million.
Crude oil storage facility to be constructed in India
Jacobs Engineering Group Inc. has a contract from IOT Infrastructure & Energy Services Ltd. (IOT) (formerly Indian Oiltanking) to provide engineering services for the Cavern project to be built for Indian Strategic Petroleum Reserves Ltd.(ISPRL). The project is for the storage of crude oil in Visakhapatnam, India.
- BASF’s Intermediates division produces entire portfolio of acid chlorides and chloroformates at its Ludwigshafen site using renewable electricity credits 3/23
- ANDRITZ to supply refining technology for cellulosic ethanol pilot plant in the U.S. 3/22
- Brazilian city trials new biofuel aimed at replacing diesel entirely 3/22
- South Korea to review restructuring plan for largest petrochemical complex 3/22
- Shell says Pearl GTL facility's train two in Qatar requires around a year for full repair 3/22
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years 3/22
