Natural Gas
US, Vietnam firms sign MOU for oil and gas cooperation
The MOU formalizes the deepening relationship between Honeywell and PetroVietnam and further confirms a common vision of developing a cooperative partnership in oil and gas.
Oil Search boosts LNG push in PNG
Australia's Oil Search Ltd. agreed to a $2.2-B deal to acquire InterOil Corp., aiming to pave the way for two rival LNG projects led by global majors to work together in PNG.
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Codes and Standards: How much fireproofing do we need?
This article is the first under the Codes and Standards series. The purpose of this series is to make readers aware of code requirements, the interpretations and the limitations as they stand today, and what engineers can do as an alternative engineering. This series is based on the actual implementation of what is narrated and the satisfactory experiences drawn.
Industry Metrics
US product markets weakened despite strong domestic gasoline demand.
Intrexon opens California GTL pilot plant
The methanotroph bioconversion platform is designed to generate high-value products from natural gas, the most inexpensive carbon source that can be used for industrial fermentation.
Central American nations beef up import infrastructure, fuel production amid demand shift
   Methanex’s methanol facility in Trinidad.
Industry Metrics
Refinery margins weakened in the US due to lower winter demand.
Use discrete event simulation as decision support for storage and shipping—Part 2
Over the past decades, one engineering firm has been using discrete event simulation (DES) to study shipping and storage as an integral part of project execution throughout all phases of a process facility’s design, construction and operations.
Industry Metrics
US product markets weakened despite unseasonably strong gasoline demand, and the gasoil crack spread hit the lowest level seen in more than five years, under pressure from increasing supplies amid thin demand due to warmer winter weather.
- 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
