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Oil & Gas

Saudi Aramco, Sumitomo to spend $7 billion on petrochemical project

May 30, 2012
TOKYO — Saudi Aramco, the national oil company of Saudi Arabia, and Japan’s Sumitomo Chemical Co. will spend $7 billion to expand a petrochemical project in the kingdom, Reuters
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IEA sets out ‘golden rules” for golden age of gas

May 29, 2012
Exploiting the world’s vast resources of unconventional natural gas holds the key to a golden age of gas, but for that to happen governments, industry and other stakeholders must work
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Gardner Denver opens new manufacturing facility in Pennsylvania

May 16, 2012
TIPTON, Pa. — Pump manufacturer Gardner Denver dedicated a 70,000-square-foot, $15 million plant in Blair County, Pa., last week. Gardner Denver chose to locate its new facility in Blair
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Market for liquefied natural gas infrastructure climbs to $35.8 Billion in 2012

May 15, 2012
Global investment in the infrastructure for liquefied natural gas in 2012 will reach $35.8 billion, according to new Liquefied Natural Gas Market research (for 2012-2022), published by Visiongain and
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Turning natural gas into diesel fuel

May 10, 2012
NEW YORK — With prices for natural gas so low, and prices for oil-based fuels so high, the idea of building plants to convert natural gas directly into liquid diesel
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Ex-BP engineer indicted on obstruction charges

May 3, 2012
The Associated Press reports, a former BP drilling engineer Kurt Mix was indicted Wednesday on charges he deleted text messages that indicated the company''s blown-out Gulf of Mexico well was
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Alabama seeks trial against BP in oil spill claims

May 2, 2012
MONTGOMERY, Ala. — The state of Alabama is asking a federal judge to clear the way for a trial against BP over the 2010 oil spill in the Gulf of
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Delta buys a refinery in bid to cut its fuel bill

May 1, 2012
The Associated Press reports, Delta Air Lines is buying a refinery in an attempt to reduce its escalating jet fuel bill. The airline said Monday that it is buying the
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Honeywell discovers one-step methane-to-ethylene process

April 25, 2012
MORRIS TOWNSHIP, N.J. — Honeywell International Inc. has discovered a one-step process to convert household natural gas into a plastics raw material, Bloomberg reported. The technology could give Honeywell
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Air Products Wins technology selection for Ichthys LNG project in Australia

April 24, 2012
Air Products, Lehigh Valley, Pa., a provider of liquefied natural gas (LNG) technology and equipment, is increasing its presence in Australia''s rapidly growing LNG production market. Air Products has
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