Europe
French court repeals law on regulated gas prices
PARIS (Reuters) — France's highest administrative court on Wednesday repealed a law on regulated gas prices, which covers about half of France's retail customers and 11% of professional users, saying it hurt competition and was against European Union regulations.
Romania's OMV Petrom starts work on new polyfuel unit at Petrobrazi
(Reuters) — Romania's oil and gas group OMV Petrom says it has started construction of a new Polyfuel unit at its Petrobrazi Refinery.
Oil climbs as firm demand absorbs ample supply
LONDON (Reuters) — Oil rose on Tuesday as demand soaked up some of the surplus supplies from OPEC and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves.
HIMA announces partnership with Servelec Controls
HIMA announced Servelec Controls, an independent integrator of mission critical control and safety systems, is an approved systems integration partner in the UK. Servelec Controls’ experienced and functional safety-accredited engineers have been installing HIMA solutions for many years.
Oil firm as signs of higher demand outweigh worries of excess
LONDON (Reuters) — Oil prices edged higher on Friday and were on track for solid weekly gains following positive demand signals, production issues in Nigeria and a reported decline in stocks.
Tide turns for sulfur-rich oil in a sea of light crude
LONDON (Reuters) — The world is awash with oil, but in pockets of the market lower-quality, sulfur-rich crude is limited and buyers are competing for cargoes.
OPEC sees lower demand for its oil in 2018, points to surplus
LONDON (Reuters) — World demand for OPEC's crude will decline next year as US shale producers and other rivals pump more, OPEC said on Wednesday, suggesting the oil market will see a surplus in 2018 despite an OPEC-led output cut.
Dutch competition watchdog investigates possible shipping fuel cartel
AMSTERDAM (Reuters) — The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.
Frames to supply acid gas treatment unit for CB&I, CTCI JV
ALPHEN AAN DEN RIJN, The Netherlands — Frames was awarded an order from CB&I and CTCI to design and supply an acid gas treatment unit for the Liwa Plastics Industries Complex (LPIC) in the Sultanate of Oman.
France's Arkema looks to specialty chemicals to drive growth
(Reuters) — Chemicals company Arkema aims to increase its profitability by expanding its lucrative specialty chemicals business, the French company said on Tuesday.
- Methanex to indefinitely idle 860,000-tpy Trinidad and Tobago methanol plant 6/30
- Several injured in fire at Haldia Petrochemicals' plant in eastern India 6/30
- Shell forecast: Global LNG demand expected to grow by 65% by 2050 6/30
- Neste to invest over €400 MM in Porvoo refinery maintenance turnaround 6/30
- Capstone Energy+ expands proven power solution at world's southernmost refinery with follow-on order in Chile 6/30
- XRG acquires upstream stake in Vaca Muerta to support the Argentina LNG project 6/29
