Crude oil
Chevron to sell fuels marketing and aviation businesses in parts of the Caribbean and Central America
Chevron has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, SA, a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France.
Ivanhoe Energy’s Tamarack project marks major advance
Ivanhoe Energy has completed a major milestone towards commercial production at its Tamarack project with the submission of its regulatory application to the government of Alberta, Canada.
Statoil exercises one year option with Aker Solutions at Mongstad refinery
Statoil has exercised a one year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway.
Genesis Energy grabs a 50% interest in Cameron Highway Oil Pipeline
Genesis Energy has executed a definitive agreement to purchase Valero Energy’s indirect 50% equity interest in Cameron Highway Oil Pipeline, a partnership, for $330 million in cash.
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.
- Nextchem completes acquisition of Ballestra, expanding its technology portfolio in phosphates and fertilizers 6/25
- ABB's SensyMaster flowmeter receives SIL 2 certification for use in safety-critical process applications 6/25
- INEOS Oligomers announced two new product launches across its specialty chemicals portfolio. 6/25
- Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions 6/25
- Hynfra secures critical land rights for 120,000-tpy green ammonia plant in Jordan 6/25
- Maire signs MoU to explore SAF production in Kazakhstan 6/24
