Europe
BP outlook shows North America shale oil boom putting pressure on OPEC
BP's forecasts illustrate the extent to which the North American boom, first in shale gas production and now in shale oil, has redrawn the global energy map. However, the company doesn't expect the shale revolution to spread by 2030 on any great scale to Asia or Europe.
KBR to revamp, expand Hungary ammonia plant
As a leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 200 ammonia plants worldwide, representing approximately half of current global ammonia production. Financial terms were not disclosed.
UK rejects requests to stop Arctic oil, gas drilling
The UK government said that while it recognized the risks of drilling for hydrocarbons in the sensitive Arctic region, high environmental and drilling standards, efforts to enhance oil spill prevention and response mechanisms would be more effective than a complete ban.
Nitrogenmuvek awards work to KBR for revamp of Hungary ammonia plant
As a leading supplier of ammonia process technologies, KBR has been involved in the licensing, design, engineering and/or construction of more than 200 ammonia plants worldwide, representing approximately half of current global ammonia production. Financial terms were not disclosed.
Gazprom poised for weakening European gas sales amid economic woes
Gazprom's sales are likely to fall further in 2013 as weak economic conditions lead to continued low demand in Europe, the company's key market for natural gas. Europe and the FSU remain key markets for Gazprom, which has a monopoly on the export of Russian natural gas.
Essar extinguishes furnace fire at UK refinery
Supplies to customers are being largely maintained to schedule, and Essar says it has plans in place to ensure that remains the case while repairs are made to the unit. The fire at the Stanlow refinery didn't impact the two main crude distillation units or the residue catalytic cracking unit.
Gazprom, Novatek target more Asia LNG shipments
Russian gas giants Gazprom and Novatek recently agreed to construct LNG terminals on the Yamal Peninsula.
Forecast: 1 million new NG-fueled vehicles to hit global roads by 2019
Pike Research recently issued a forecast calling for the sale of nearly 1 million new natural gas-fueled trucks and buses on roads worldwide between 2012 and 2019.
Chevron sees weaker US, global refining margins
During the first two months of the fourth quarter, US refinery crude-input volumes decreased by 77,000 bpd compared to the third quarter, driven primarily by the continued shutdown of the Richmond, California refinery crude unit. International refinery crude-input volumes increased 9,000 bpd.
Fluor, JGC win design work for Mozambique LNG
The FEED work will deliver designs for the initial phase of the Mozambique LNG project of four trains, each train capable of producing 5 million tpy of liquefied natural gas (20 million tpy total). The project has the potential to expand its capacity up to approximately 50 million tpy of LNG in the future.
- 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
