Natural Gas
Amec Foster Wheeler wins contract for steam reformer heater in Egypt
Amec Foster Wheeler has been awarded a contract by The National Company for Fertilizers & Chemicals to supply material and detailed engineering for a steam reformer heater for its fertilizer facility in Alexandria, Egypt.
Ceramic-based conversion produces clean, low cost chemicals from natural gas.
A team of scientists from CoorsTek Membrane Sciences, the University of Oslo (Norway), and the Instituto de Tecnología Química (Spain) has developed a new process to use natural gas as raw material for aromatic chemicals.
Canada unveils carbon price, energy-producing provinces unhappy
Canada's federal government vowed to bring in a minimum price on carbon emissions by 2018.
Industry Metrics
US gasoline demand contributed to falling inventories. Operational problems at several refineries and the potential impact of a tropical storm strengthened margins.
Much of 2017’s oil demand growth may bypass refineries
US shale gas may displace a growing portion of the world's expanding energy demand, cutting into the need for oil products from refineries.
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Enterprise begins service at new ethane export terminal
Enterprise Products Partners’ first cargo of ethane to be exported from Enterprise’s Morgan’s Point, Texas terminal has been loaded.
Industry Metrics
European refining margins rose as refineries completed maintenance and recovered from the negative impact of the France strikes.
Petrofac, Tecnicas Reunidas likely to win Saudi Aramco deals
British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
