Economics
Foster Wheeler and consortium partners sign GES+ contract with Saudi Aramco
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group together with the subsidiary’s consortium partners comprising A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) and Saudi Consolidated Engineering Company- Khatib & Alami (SCEC K&A) have signed a contract with Saudi Aramco for the provision of services associated with Saudi Aramco’s General Engineering Services Plus (GES+) initiative for a duration of five years with options available for extensions.
US senator urges IOCs to cease Libyan operations
All American and international oil companies should immediately cease operations in Libya until violence against civilians ceases. The Obama administration also should consider re-imposing U.S. sanctions that were lifted during the Bush era
Atlas Inspection Technologies expands across US
Atlas Inspection Technologies, a Seattle-based provider of remote visual inspection solutions for the industrial and manufacturing sectors, announced further expansion across North America.
Mubarak exits stage right
What will this mean for IOCs doing business in the region?
Enerkem gets loan guarantee for Mississippi waste-to-fuel biorefinery
Enerkem Corp. has obtained a conditional commitment for an $80 million loan guarantee by the US Department of Agriculture (USDA), for the construction of its waste-to-biofuels project in Pontotoc, Mississippi, which will transform Northeast Mississippi’s municipal solid waste into ethanol.
Deloitte expands energy analytics capabilities
Deloitte has acquired all of the assets of Altos Management Partners, Inc., a consultancy to energy companies that was founded in 1995, as well as those of MarketPoint, Inc., an Altos sister company best known for MarketBuilder, an analytic suite for energy market modeling and price forecasting.
Marathon splitting in two
The Board of Directors of Marathon Oil Corp. has approved moving forward with plans to spin off Marathon's downstream business, creating two independent energy companies.
Financial news for major energy companies, third quarter 2010
"Financial News for Major Energy Producers (the News)" is a report on the recent financial performance of major US energy producers.
Chevron’s budget for next year is $26 billion
Chevron has announced a $26 billion capital and exploratory spending program for 2011. Included in the 2011 program are $2 billion of expenditures by affiliates, which do not require cash outlays by Chevron. Acquisition costs associated with the recently announced purchase of Atlas Energy are not included.
Sunoco sells Toledo refinery to PBF
Sunoco, Inc. has reached a definitive agreement to sell its 170,000 bpd refinery in Toledo, Ohio, to Toledo Refining Co LLC, a wholly owned subsidiary of PBF Holding Co. LLC.
- INEOS Inovyn agrees to sell its Italian chlor-alkali business to Esseco Industrial 4/21
- LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant 4/21
- Petronor and H2SITE partner to pioneer high-purity hydrogen production in refining through advanced membrane technology 4/21
- Emerson accelerates edge ecosystem for real-time enterprise operations intelligence 4/21
- Tracerco launches DrumVision™ to deliver real-time process visibility in delayed coking and demanding interface measurement applications 4/21
- IMI signs global framework extension with Solvay for the provision of IIoT sensors 4/21
