Crude oil
Nuclear disaster will shift $200 billion investment to fossil and renewables
In the next five years over $3 trillion will be invested in dynamic segments of the power, energy and water industries. However, forecasts regarding the division of this investment made just months ago are now revised to reflect lower investment in new nuclear power plants and higher investment in alternatives.
Haldor Topsøe's contract with Petróleos de Venezuela, S.A.
Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.
Valero plans to expand crude unit capacity at McKee refinery
Valero Energy Corp. announced plans to expand the crude unit capacity of its McKee refinery by 25,000 bpd.
Update on dire refining situation in Japan
The 8.9 magnitude earthquake that struck Japan on March 11th has caused considerable interruption to oil refinery operations in the country. Hydrocarbon Processing’s Boxscore Database has complied data indicating that with a total of 28 oil refineries, Japan is the second largest refining country after China in the Asia-Pacific region.
Berkshire Hathaway to acquire Lubrizol
Berkshire Hathaway Inc. and The Lubrizol Corp. announced on March 14 a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Japan's refining industry partially closed
Chaos continues as bleak news from Japan streams in from devastated areas
Canadian oil association supports oil sands monitoring
The Canadian Association of Petroleum Producers supports a robust environmental monitoring system in the oil sands region of northern Alberta.
Monster quake wreaks havoc on Japan’s refining industry
An 8.9-magintude earthquake caused catastrophic damage to Japan’s northern Pacific coast on March 10.
Oil sands quite an opportunity for Canada and the US
A next generation of oil sands development in Canada is set to emerge amid rising world demand for energy resources, according to Imperial Oil CEO Bruce March. March’s remarks were captured during the annual IHS CERA executive conference in Houston, Texas.
Valero confirms purchase of Chevron's Pembroke refinery and other assets
Valero Energy announced today that it has agreed to acquire Chevron's Pembroke refinery in Wales, UK, as well as extensive marketing and logistics assets throughout the UK and Ireland, for $730 million, excluding working capital.
- 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
