Refining
HP Impact: Stolen Nigerian crude oil and profits laundered around the world
Nigeria lost at least 100,000 bpd of oil, around 5% of total output, in the first quarter of 2013 to theft from its onshore and swamp operations alone, a new Chatham House report estimates. This illic..
HP Impact: US demand for water treatment chemicals
Demand for water treatment chemicals in the US is forecast to rise 3.2% per year to $6.7 billion in 2017. Gains will reflect not only healthy growth in the oil, gas and mining industries and a rebound..
HP Impact: Unconventional oil and gas to boost US trade position
The economic and employment contributions from US unconventional oil and gas production are now being felt throughout the US economy, increasing household incomes, boosting trade and contributing to a..
US oil, gas M&A activity led by foreign buyers, private equity groups
Foreign buyers announced nine deals in the third quarter of 2013, which contributed $2.8 billion or 17% of total deal value, vs. four deals valued at $4 billion during the same period last year. On a sequential basis from the second quarter, the number of total deals increased 800% from just one foreign deal.
WGL ’13: Keynote speaker pushes women in energy to innovate
Innovation is key to keeping the energy sector at the forefront of US economic growth, and more of this innovation must come from women, says Amity Shlaes, a project director at the George W. Bush Institute.
REG starts up newly-acquired Iowa biorefinery, plans $20 million upgrade
REG completed the acquisition of the former Soy Energy refinery on July 31. REG immediately began efforts to repair and restart the plant, which began producing biodiesel on October 1. REG also announced that it has begun a $20 million project to upgrade the plant to a multi-feedstock facility.
INEOS inks deal to save Grangemouth refinery
INEOS will imminently restart its Grangemouth refining and petrochemical complex in Scotland after local trade union Unite agreed to the company's survival plan.
Air Products to supply hydrogen for North West refinery near Edmonton
The hydrogen supply to North West will come both from the new world-scale plant that Air Products will build in Scotford, Canada, and from Air Products' existing Heartland hydrogen pipeline. The hydrogen supply to North West is expected to begin in 2016, soon after commercialization of the Scotford plant.
Foster Wheeler wins FEED work for Saudi Aramco light crude expansion
The objective of the program is to increase production capacity at the Khurais central processing facilities by 300,000 bpd from its current capacity of 1,200,000 bpd, as well as to enhance production from the Mazalij and Abu Jifan fields by installation of a satellite Gas Oil Separation Plant (GOSP).
Global HPI spending likely to jump 15% in 2014
Newfound optimism stems from rising availability of gas supplies in several nations, rich shale reserves in North America, and a new expansion wave for petrochemicals.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
