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Global Processing e-News

Questerre Energy announces results from resource evaluation

July 8, 2013
Canada's Questerre Energy Corp. has stated that results of the resource assessment of its acreage in the Montney Formation in the Kakwa-Resthaven area in Alberta revealed total reserves of about 130 million barrels of oil equivalent
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Honeywell to automate Rosneft refinery in southern Russia

July 8, 2013
Honeywell has signed an agreement with NK Rosneft, a leading Russia-based oil and gas producer, as the main automation contractor for the construction of its new refinery at Tuapsinskiy NPZ, Southern Russia.
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US, Mexico sign agreement to focus on joint oil & gas projects

July 8, 2013
This agreement will make it possible for the United States and Mexico's national oil and gas company Petroleos Mexicanos, or Pemex, to further develop resources in the Gulf of Mexico.
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BASF ups agricultural investments, announces initiatives for Asia Pacific

July 1, 2013
BASF’s Crop Protection Div. says it will address challenges in food availability and quality of life in the Asia Pacific by introducing new technologies, broadening farmer education and co-creation initiatives and increasing investments in production capacity and R&D.
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Celanese to sell two European manufacturing facilities

July 1, 2013
Celanese Corp. intends to sell its acetic anhydride facility in Roussillon, France, and its vinyl acetate monomer (VAM) production unit in Tarragona, Spain.
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Alcoa-Ma'aden joint venture a boon for Saudi Arabia

July 1, 2013
U.S. aluminum giant Alcoa and the Saudi Arabian Mining Company (Ma'aden) announced that they have completed the first stage of their joint venture project.
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Chinese pharma industry eyes international opportunities

July 1, 2013
Big Chinese pharmaceutical companies are no longer happy playing only in their local markets. Several of them are hoping to establish a notable presence on the U.S. market, mostly through partnerships with international industry giants.
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Total to modernize Antwerp refining and petrochemical platform

July 1, 2013
Total has approved a €1 billion modernization project for its Antwerp production facilities, the company’s largest European refining and petrochemical platform. Total says the decision is in line with the Group’s strategy of focusing its investment on its large integrated platforms to position them among the most competitive of the industry.
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British mining company takes US government to court over uranium mining

July 1, 2013
British mining company Vane Minerals has started legal action against the U.S. government over its decision to impose a moratorium on new mining operations for 20 years on more than 1 million acres outside the Grand Canyon.
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European refineries struggle to stay afloat

July 1, 2013
European refineries are losing ground to their counterparts across the Atlantic, where the U.S. refining sector is flourishing thanks to its access to cheap and abundant feedstock produced from unconventional oil.
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