Europe
BP adds Rosneft as partner in German refining JV
BP has added Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG).
BP/Davy select EPC firms CB&I, Jacobs and Shaw for Fischer Tropsch deployment
BP and Davy Process Technology announced collaborations with three EPC contractors to promote the commercialization of the BP/Davy Fischer Tropsch process.
Technip awarded €55mn contract from Statoil for Norway subsea project
France-based engineering firm Technip was awarded a €55mn contract from Statoil for the Vigdis NE field development located in the Norwegian Sea at a water depth of 220-310 meters.
Engineering group Howden acquires Dutch firm Thomassen Compression Systems
Global engineering group Howden has acquired Thomassen Compression Systems BV, complementing Howden’s existing range of compressors and opening up a wider market in the oil and petrochemical industries, the company said.
Global PVC growth to continue, but new China capacity will limit op rates - report
Polyvinyl chloride (PVC) demand growth is forecast to continue in 2011, but the start-up of additional capacity in China will lead to global operating rates remaining low, according to a new report from US-based consultancy ChemSystems.
Consultancy KBC predicts global refining margins under pressure through 2015
Energy consultancy KBC Advanced Technologies foresees global refining margins continuing under pressure as recovering global demand is met by a wave of new refining capacity construction, keeping global refining utilisation rates at around 85% of nameplate capacity at least through 2015.
Rotating equipment firm Dresser-Rand closes on €500mn deal for Spanish engine supplier
Rotating equipment company Dresser-Rand closed on its previously-announced acquisition of Spanish diesel and gas engine supplier Grupo Guascor S.L. (GG) from shareholders for a total enterprise value of €500mn (approximately $740mn) in cash and stock.
Technip awarded €100mn EPC contract for Canada oil sands project
France-based Technip said it has been awarded an engineering, procurement and construction (EPC) support contract worth approximately €100mn for the Horizon oil sands project in Fort McMurray, Canada.
Deferred maintenance causes upsurge in pump failures
Not addressing the root cause of a failure puts resources and employees at risk
Avoid costly engineering faults, missteps and miscalculations
Experience does count, especially in achieving success in capital and revamp projects
- 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
