Middle East
IEA says nations must act independently on climate
With little hope for significant progress on a major international climate agreement at this week's climate negotiations, nations must take it upon themselves to reduce emissions and mitigate climate change, the head of the IEA said Tuesday. To limit rising temperatures to an average of 2 degrees Celsius, global growth would have to come with just a 20% rise in emissions in the years ahead, she said.
Qatargas picks GE technology to lower emissions
GE has signed a contract with Qatargas to supply advanced combustion technology to reduce gas turbine emissions at the Qatargas 1 Utility complex to meet new regulations. GE will provide its Dry Low NOx (DLN) 1.0 combustion system designed to achieve low emissions levels of 25 ppm for nitrogen oxide.
Qatar Petroleum, Shell plan $6.4bn petrochemical project by 2017
Dr. Mohammed bin Saleh Al-Sada, minister of energy and industry in Qatar, and Shell CEO Peter Voser each signed an agreement Monday to develop a world-scale petrochemicals complex in Ras Laffan Industrial City in Qatar. Project officials estimated at a press conference that the project will cost $6.4 billion, with operations starting up in 2017.
Iran says EU ban on crude imports to hurt Europe
Iran doesn't expect Europe to follow through on its threat to ban imports of oil from the Islamic republic because it would hurt the euro zone's energy security.
Shale gas gives rise to era of energy independence
A boom in shale gas output has lifted US gas supplies to record levels, creating an environment to sustain low prices and offering a new era in energy independence.
Neste Oil, Bapco start up base oil plant in Bahrain
Neste Oil, The Bahrain Petroleum Co. (Bapco), and nogaholding have officially opened their new joint base oil plant in Bahrain. The plant has a capacity of 400,000 tpy and is located at Bapco's refinery on Bahrain's east coast.
Sasol to launch feasibility study on possible ethane cracker in Louisiana
The board of directors for Sasol has approved a feasibility study on a possible ethane cracker and ethylene derivatives complex in Lake Charles, Louisiana, the company said on Tuesday. Capacity would be between 1 million and 1.4 million tpy of ethylene.
Developing nations seen making better efforts on climate change - official
Developing countries are making more effort to combat climate change and reduce carbon emissions than the developing world and that imbalance is threatening the future of the Kyoto Protocol, Venezuela's climate change representative said Tuesday.
US says nations must adhere to CO2 pact
The US said Monday that any future emission reduction accord must equally apply to industrialized countries and the major emerging economies such as China. The US, which isn't a member of the Kyoto Protocol, said it takes climate change seriously but any accord has to have equal application to the US and major emerging economies in order to be passed.
Dow, Saudi Aramco finalize Sadara chemical JV; senior officials named
Dow Chemical and Saudi Aramco on Monday announced the official formation of Sadara Chemical Co. (Sadara), a joint venture between the two companies. First production units are expected to come on line in the second half of 2015. All units are expected to be up and running in 2016.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
