Asia/Pacific
Global oil, gas firms poised for strong 2011 finish despite market uncertainty - report
Though third-quarter financial news has been decidedly more bearish than bullish, advisory firm Ernst & Young's oil and gas center says it anticipates a steady close to the year. The oil and gas industry is set to end 2011 strong amid great uncertainty in the broader market, according to the firm’s quarterly oil and gas update.
SABIC creates venture capital arm for technology investment
Saudi Basic Industries Corp. (SABIC) has announced the launch of a new global corporate venture capital arm, SABIC Ventures, in the Netherlands, with the primary goal of seeking out innovative technologies and businesses consistent with the company's global strategy.
Foster Wheeler inks CFB technology license in India
Foster Wheeler announced today that its Global Power Group subsidiary has entered into a 20-year agreement with Essar Projects India Ltd. (EPIL), a subsidiary of Essar Group, to provide a technology license for utility-sized circulating fluidized-bed (CFB) steam generators to be sold in India.
Chevron discovers more natural gas in offshore Western Australia
Chevron announced further drilling success by its Australian subsidiary in the Carnarvon Basin located in offshore Western Australia, Australia’s premier hydrocarbon basin. The discoveries are expected to help underpin potential expansion opportunities at the Wheatstone liquefied natural gas (LNG) hub, which moved to the construction phase in September 2011.
Air China completes first sustainable biofuel flight
Air China, in partnership with Boeing, Honeywell UOP, the Civil Aviation Administration of China, PetroChina and Pratt & Whitney, on Friday completed a demonstration flight using a sustainable biofuel derived from biomass grown in China.
Study says isobutanol-gasoline blends are superior to ethanol in small engines
In side by side performance, durability and emissions testing of small engines, gasoline blended with isobutanol performed better than blends using ethanol, according to new research from renewable chemicals and advanced biofuels firm Gevo. The results demonstrated that unlike ethanol, blends incorporating isobutanol do not cause any irregular or unstable engine or performance issues.
Momentive expands Korea silicone technology hub
Silicones and advanced materials provider Momentive is expanding its marketing and technology operations in the Seoul Gasan Digital Complex with a new application development center, seeking to meet growing demand for specialty silicone products in Korea.
Chemical M&A surging amid major US deals - PwC
Mega deals involving US-based companies in the global chemicals industry helped raise merger and acquisition (M&A) deal value to $16 billion in the third quarter of 2011, according to Chemical Compounds, a quarterly analysis of M&A activity in the global chemicals industry by consultancy PricewaterhouseCoopers (PwC).
Petron chooses CB&I for technology on Philippines refinery upgrading project
CB&I was awarded contracts by Petron to supply sulfur recovery, tail gas treating and hydrogen plant technologies for the Bataan refinery upgrading project (RMP-2) in the Philippines. The project is scheduled for completion in 2013.
CB&I wins engineering, technology deal for China olefins recovery units
CB&I said on Tuesday that subsidiary Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. for the license and engineering design of two light olefins recovery units. The startup of the first unit is expected in 2013.
- Petrovietnam says supertanker with Iraqi oil arrives at refinery port 6/1
- Russia bans aviation fuel exports until November 30 6/1
- Green Fuels Operating breaks ground on $400-MM refinery in Oklahoma (U.S.) 6/1
- SABIC puts 141 lots of industrial assets up for public auction 6/1
- Digital Exclusive: Margin left on the table: The hidden cost of supply chain capability gaps in hydrocarbon processing—Part 1 6/1
- bp sells 5% stake in Australian Browse LNG project to South Korea's GS Energy 6/1
