Economics
Petroplus plans to convert Reichstett refinery site to a terminal
Petroplus Holdings AG announced an update on the strategic review of its Reichstett refinery in France that was launched in April to evaluate alternatives for the site.
ConocoPhillips and Sasol North America to reimburse costs for Calcasieu Estuary cleanup
ConocoPhillips and Sasol North America have agreed to a settlement of claims to resolve their liability to the EPA for contamination in the Calcasieu Estuary of Louisiana.
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.
Brazil and Norway rank highest in transparent management of oil and gas resources
A new measurement of government public disclosure in managing oil, gas and minerals ranks Brazil and Norway highest among 41 countries for making public detailed information about these key resources, according to the Revenue Watch Institute (RWI) and Transparency International (TI).
GE snaps up Dresser for a cool $3 billion
GE has purchased Dresser, Inc. for $3 billion. The deal includes all of the Dresser businesses, which provide products and services for compression, flow technology, measurement and distribution infrastructure for customers in more than 150 countries.
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.
HP Water Management: Utility water boot camp for process engineers—Part 2
In Part 2, we will address the slowly developing problems in utility water systems. Too often, water-plant problems evolve slowly. Plant personnel fail to detect the non-conformances and failures occu..
Valero selling Paulsboro refinery
A subsidiary of Valero Energy Corp. has signed an agreement to sell the ownership of its 185,000 bpd Paulsboro refinery in New Jersey to PBF Holding Co., LLC, a wholly owned subsidiary of PBF Energy Co., LLC.
Interest groups say US Senate’s inaction on energy bill costing the US 1.9 million jobs
China and other leading nations have gained more than $11 billion in job-creating clean-energy investments – with the US losing an estimated $208 million every day – since the US Senate abandoned comprehensive clean energy legislation in late July, according to a new analysis from Small Business Majority, Main Street Alliance, American Businesses for Clean Energy and We Can Lead.
Branson sees Solazyme as a strategic investment
Solazyme, Inc., announced that Sir Richard Branson has invested in Solazyme's Series D financing. Branson has invested in Solazyme's financing in a personal capacity.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
