Refining
Calumet to buy Wisconsin refinery from Murphy Oil for around $475mn
Murphy Oil has agreed to sell its 34,300 bpd refinery in Superior, Wisconsin, for $214 million plus the value of hydrocarbon inventory to refiner Calumet Specialty Products. The hydrocarbon inventory will be valued based on market prices at closing, the company said. The inventory was valued at approximately $260 million as of June 30.
Biofuels firm Gevo to build isobutanol processing demonstration plant in Texas
Renewable chemicals and advanced biofuels firm Gevo will work with a subsidiary of the Arabian American Development Co. to build a hydrocarbon processing demonstration plant at their facility just outside of Houston in Silsbee, Texas.
Süd-Chemie starts work to build cellulosic ethanol plant in Germany
Specialty chemicals firm Süd-Chemie has begun construction at Straubing in southern Germany of a €28mn plant to produce cellulosic ethanol from agricultural waste materials.
Statoil to supply ethane for NOVA Canada cracker
NOVA Chemicals has signed a memorandum of understanding with Statoil to secure a long-term supply of ethane from the Marcellus Shale basin. Financial terms were not disclosed.
Bioenergy group Terrabon awarded jet fuel project for US defense agency
Houston-based bioenergy company Terrabon has been awarded a $9.6 million, 18-month contract by Logos Technologies to design a more economical and renewable jet fuel (BioJet) production solution for the Defense Advanced Research Projects Agency (DARPA).
ExxonMobil marine affiliate to build two crude oil tankers for US West Coast use
Exxon Mobil’s US marine affiliate, SeaRiver Maritime, signed a letter of intent with Aker Philadelphia Shipyard to build two US flag crude oil tankers in partnership with shipbuilding technology firm Samsung Heavy Industries.
Chevron forms technology alliance with NASA to improve oil, natgas recovery
Chevron and NASA’s Jet Propulsion Laboratory (JPL) have formed an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources, the groups said on Monday.
US petroleum demand increased in June - API data
Total US petroleum deliveries in June were up on both a year-on-year and month-on-month basis, according to information released Friday from the American Petroleum Institute (API). Moreover, deliveries were up 1.9% for the first six months of 2011 over the same period in 2010.
Norway bomb blast targeted oil ministry - reports
The bombing that rocked Oslo, Norway, on Friday appeared to target the nation’s Ministry of Petroleum and Energy, according to local media reports. The explosion blew out the windows of a large government office building and damaged several others, including one that holds the prime minister’s office, according to the Washington Post.
Safety progress in Gulf of Mexico drilling should lead to more US permits - API
The US oil and natural gas industry has significantly improved offshore safety, according to Erik Milito, group director of upstream and industry operations at the American Petroleum Institute (API), in testimony delivered this week to the US Senate Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard.
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- Update on Asian refinery maintenance/turnarounds and outages 2/24
- NOVA Chemicals commercializes two new recycled polyethylene grades 2/24
- Verso Energy to use Honeywell UOP tech for seven eSAF projects 2/24
- Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7-B pipeline deal 2/24
