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Oil & Gas
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Petroleum refining industry revenue projected to climb upward as demand recovers
August 14, 2012
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LOS ANGELES — The petroleum refining industry has accelerated its processing of crude oil over the five years to 2012 and revenue is expected to grow an average of
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DCC to acquire BP''s LPG business in Britain
August 9, 2012
DUBLIN, Ireland — DCC plc has reached an agreement to acquire BP''s liquefied petroleum gas (LPG) distribution business in Britain. Completion of the acquisition is expected to take place
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Chevron refinery fire causes gas prices to surge in California
August 8, 2012
RICHMOND, Calif. — Chevron Corp. shut down its Richmond, Calif., refinery following a fire Monday, disrupting fuel output in the state and causing gas prices to surge. The 240,000-barrel-a-day
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Pa. governor discusses potential for new petrochemical plant
August 8, 2012
MONACA, Pa. — Pennsylvania Governor Tom Corbett was joined last week by elected state officials and representatives of labor and business to highlight the importance of continued efforts to
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Fulcrum BioEnergy project receives $105 million loan guarantee
August 7, 2012
PLEASANTON, Calif. — Fulcrum BioEnergy, Inc. announced that the U.S. Department of Agriculture has awarded Fulcrum''s Sierra BioFuels Plant a conditional commitment for a $105 million loan guarantee. With
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Industrial Info Market Outlook to highlight spending trends in US Northeast, New England
August 2, 2012
SUGAR LAND, Texas — Global market intelligence firm Industrial Info Resources will host its 2012-13 Market Outlook at the Hilton Parsippany, in Parsippany, N.J., on Sept. 20, 2012. The
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Lukoil selects Honeywell’s UOP to provide technology for petrochemical production
August 2, 2012
DES PLAINES, Ill. — UOP LLC, a Honeywell company, announced Wednesday that it has been selected by Russia''s Lukoil to provide technology to produce blending components used to make
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Oil group sues EPA for mandating use of ‘nonexistent biofuels’
July 26, 2012
WASHINGTON — The American Petroleum Institute (API) filed a lawsuit with the D.C. Circuit Court on Tuesday challenging the U.S. Environmental Protection Agency’s (EPA) mandated use of “nonexistent cellulosic
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Chinese oil giant acquires Canada’s Nexen
July 26, 2012
ALBERTA, Canada — China National Offshore Oil Co. (CNOOC) has reached an agreement to acquire Alberta-based oil and gas producer Nexen Inc. in a transaction valued at $15.1 billion. According
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Soybean oil can reduce use of petroleum in tires, Goodyear discovers
July 25, 2012
AKRON, Ohio — The Goodyear Tire & Rubber Company announced Tuesday a development that could help reduce the amount of petroleum-based oil used in tires, while at the same time,
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