Refining
Midstream processors reap benefits as US targets liquid shale plays – PwC
There were nine midstream deals that contributed $11.1 billion. According to PwC, there has been a rise in midstream processing deals during 2012 due to the oil and gas liquids being extracted from the shale plays and as companies think through the various scenarios that may play out with exports.
BP cancels plan for Florida cellulosic ethanol plant
While ending its pursuit of commercial-scale cellulosic ethanol production in the US, BP continues to invest in and operate its world-class biofuels research facility in San Diego, California, and a demonstration plant in Jennings, Louisiana, to further develop next-generation biofuel technologies.
French union calls for 24-hour worker strike at all refineries, oil terminals
The workers at all the refineries in the country will walk out Nov. 5 to protest against the order of a local court to liquidate the refinery of Petit-Couronne, on the northern French coast, which belonged to insolvent Swiss-based refiner Petroplus SA, unless a buyer for the plant appears by then.
Foster Wheeler, Amec win Kuwait refinery work
Amec was awarded the consultancy contract for building a new 615,000 bpd refinery, while Foster Wheeler was appointed as consultant for the so-called clean fuel project, under which two of Kuwait's three existing refineries at Al-Ahmadi and Mina Abdullah will be upgraded.
NGL profitability weakens amid rising US supply
Prices for natural gas liquids (NGLs) have dropped precipitously this year amid growing supplies, weakening margins for a key driver of US shale development. But extracting NGLs, such as ethane, propane and butane remains more attractive than producing dry natural gas, the report says.
Iraq invites foreign companies to develop Nassiriya oilfield, refinery project
The contract would come in a package that would include the construction of a refinery and will have more favorable terms than the previous service contracts that Iraq signed with international oil companies, a domestic oil industry official said, without giving further details.
ExxonMobil, UOP to upgrade production technology for Bosnian refinery
The refiner will combine UOP’s Unicracking hydroprocessing solutions with EMRE’s distillate and lubricant de-waxing technologies. The complex will upgrade more than 45,000 bpd of kerosene, diesel and vacuum gas oil feedstock into high-quality diesel and jet fuels.
Air Products launches US Gulf hydrogen network
Air Products had operated two hydrogen pipeline systems in Texas and Louisiana before joining them with a new 180-mile segment. The new GCCP network is now able to provide hydrogen to customers along the 600-mile pipeline span from over 20 hydrogen production facilities.
Rosneft to buy entirety of Russian TNK-BP venture
A Rosneft takeover of TNK-BP would bring the Russian state's control over oil production to nearly 50% and mark a major milestone in Mr. Putin's reassertion of Kremlin control over the strategic oil sector, much of which was sold off in the privatizations of the 1990s to well-connected tycoons.
Saudi Aramco chooses engineering contractors for Jazan refinery project
The Jazan refinery and terminal project is a 400,000 bpd refinery with associated terminal facilities on the Red Sea near Jazan. Scheduled for completion in late 2016, the refinery will process Arabian Heavy and Arabian Medium crude oils, and produce gasoline, ultra-low sulfur diesel, benzene and paraxylene.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
