Refining
ICA Fluor Daniel awarded $135mn engineering deal for new Pemex refinery
Mexico's state-owned oil company Pemex awarded a $135 million contract for engineering and management services to ICA Fluor Daniel (jointly owned by Mexico's Empresas ICA and Fluor) for the first phase of a new refinery to be built near a current one in Tula, Hidalgo state.
Reliance plans petrochem expansion at Jamnagar refinery in India - report
Reliance Industries will expand petrochemicals production at its Jamnagar refinery in India, according to a Bloomberg report. The expansion is projected to cost from $10 billion to $12 billion and last three to four years, said K.K. Sreeramachandran, general manager in the company’s refining business.
Fluor to design US biofuels demonstration plant
Fluor was awarded an engineering, procurement and construction management (EPCm) contract by Joule Unlimited to design and build a biofuels demonstration facility in New Mexico. The technology will use sunlight to convert proprietary organisms and carbon dioxide into liquid hydrocarbons and ethanol.
GTC strikes deal with ConocoPhillips to license sulfur recovery technology
Process technology licensor GTC Technology reached a global agreement with ConocoPhillips for its selective partial oxidation of sulfur (SPOC) technology for sulfur recovery. GTC says its SPOC technology is the most significant innovation in the “modified Claus” technology space in the last 30 years.
Keystone XL timeline slips to early 2015
TransCanada says it is still waiting for answers from the US government about the process to refile its application for the controversial pipeline.
KBR to process deep oils for Russian refiner TAIF
KBR was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia. It marks the largest VCC project award for KBR since acquiring the technology in January 2010.
Total to boost investments as quarterly profits rise
France-based Total said 2012 has begun favorably and that it will step up investments over the next three years after reporting a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output. Total is targeting a 2.5%/yr increase in average output in 2012-2015.
Enterprise raises oil storage capacity at proposed Houston crude terminal
Enterprise Products has purchased a 37-acre tract of land adjacent to its Enterprise Crude Houston (ECHO) crude oil terminal, which is currently under construction, in southeast Harris County, Texas. The ECHO facility is expected to begin service in the second quarter of 2012.
Copano to expand Eagle Ford shale pipeline in US
Copano Energy says it will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas. The extension is expected to begin service in the first half of 2013 and cost approximately $120 million.
IEA cuts 2012 outlook for global oil demand growth, cites weaker economy
The IEA lowered its estimate for global oil demand growth in 2012 to 800,000 bpd, compared to its previous forecast of 1.1 million bpd amid weaker economic predictions. Global GDP growth is revised down to 3.3% for 2012, from the 4.0% level assumed since September, the agency noted.
- Sinopec, Aramco start building $10-B petchem complex in China's Fujian province 11/18
- Clariant EnviCat N2O-S catalyst to cut CO2eq by 690,000 tpy at Hengli’s nitric acid plant in China 11/18
- Russia's Ilsky refinery has asked for gov't help over high rates, modernization 11/18
- North Dakota (U.S.) approves Summit Carbon pipeline permit 11/18
- China's oil refinery output falls from a year ago for a seventh month 11/18
- European oil giants step back from renewables path 11/18
