Crude oil
NPRA blasts US role in opening of oil reserves
The National Petrochemical & Refiners Association (NPRA) criticized the decision by the Obama administration to contribute 30 million bbl of oil from US strategic reserves, part of 60 million bbl to be tapped by International Energy Agency (IEA) member countries.
Transocean blames BP in new Gulf oil spill report
Transocean announced the release of an internal investigation report on the causes of the April 2010 Macondo well incident in the Gulf of Mexico, blaming rig operator BP for failing to properly assess, manage and communicate risk to its contractors.
Weatherford, BP reach Gulf oil spill settlement
Oilfield equipment maker Weatherford agreed to pay BP $75 million to settle potential claims between the companies related to the Deepwater Horizon accident.
Praxair inks hydrogen supply deal for Motiva refinery in Louisiana
Reinforcing its strategy to meet growing customer demand in the Mississippi River corridor, Praxair said it signed a long-term agreement with Motiva to supply hydrogen to Motiva’s Norco refinery Louisiana.
Shell agrees to alliance, well manufacturing JV with China National Petroleum Co.
Shell and China National Petroleum Co. (CNPC) on Monday signed a global alliance agreement to emphasize a shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China, the companies said.
KBR, Shell to align on hydroprocessing technology
KBR and Shell have formed a new alliance in which KBR will market, sell and provide technology and design packages with Shell for hydroprocessing solutions worldwide.
Axens wins engineering deal for new Iraq refinery
South Refineries Co. (SRC), a subsidiary of the Iraq Ministry of Oil, awarded Axens the basic engineering design and license contracts for the construction of the new refinery in Maissan, southern Iraq.
Delek refinery in Arkansas returns to normal rates as pipeline resumes crude shipments
Delek US Holdings, a diversified energy company with assets in the petroleum refining, marketing and retail industries, said production levels had returned to normal rates at its refinery in El Dorado, Arkansas.
IEA sees increasing natgas use, warns of high oil prices curbing demand
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the International Energy Agency’s (IEA) medium-term oil and gas market outlook.
ConocoPhillips to explore offshore Bangladesh
ConocoPhillips said it signed a production sharing contract (PSC) with the government of Bangladesh and Petrobangla covering two blocks in the deepwater area of the Bay of Bengal, representing ConocoPhillips’ first investment in the People’s Republic of Bangladesh.
- OMV and XRG complete transactions to create Borouge International, boosting global chemicals leadership 3/31
- Gevo announces major ethanol expansion project at North Dakota (U.S.) facility 3/31
- BASF and Avery Dennison collaborate to launch BASF’s newest acrylates based on renewable electricity: Butyl acrylate RE and 2-Ethylhexyl acrylate RE 3/31
- INPEX extends MoU with Persero for Abadi LNG project in Indonesia 3/31
- Russian oil tanker enters anchorage of Cuba's Matanzas port 3/31
- China's smaller independent refiners to curb output on rising oil prices 3/31
