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Oil & Gas

Strategic alliance to advance biomass initiatives

December 3, 2012
OWOSSO, Mich. — Tri Mer Corp. and Enginuity Energy LLC have established a research agreement for the testing of biomass fuels at Enginuity Energy’s research and development lab in Harrisburg, Pa., the companies announced.
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Taiwan's petrochemical industry to see output rise in Q4

November 26, 2012
TAIPEI, Taiwan — Taiwan''s petrochemical sector is predicted to grow over the last three months of the year. A government report expects a 7.6 percent rise in output compared
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BP to sell Texas City refinery to Marathon Petroleum for $2.5 billion

BP has announced over $35 billion toward its goal of $38 billion in divestments
November 26, 2012
Oil & gas giant BP reached an agreement in October to sell its Texas City, Texas, refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corp. for $2.5 billion.
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US to surpass Saudi Arabia as global oil production leader

November 19, 2012
LONDON — The United States is likely to emerge as the world''s biggest oil producer by 2020, following a shale oil production surge that will allow it to surpass
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Chevron announces natural gas discovery off Australian coast

November 5, 2012
SAN RAMON, Calif. — Chevron Corp. announced its Australian subsidiary has made a natural gas discovery in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon
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European butadiene market to remain strong thanks to emergence of US shale gas

October 29, 2012
NEW YORK — Despite waning local demand, the European butadiene market will remain strong thanks to export demands from overseas, according to a new report by industry research firm
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Prosep awarded $3 million in contacts for crude blending systems

October 19, 2012
MONTREAL — ProSep Inc., a provider of process solutions to the oil and gas industry, has been awarded contracts for the supply of three ProMix proprietary crude blending systems
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Petronas, LanzaTech to recycle carbon dioxide into sustainable chemicals

October 15, 2012
KUALA LUMPUR, Malaysia — Malaysia’s national oil company Petronas announced Monday a collaboration with New Zealand-based LanzaTech to accelerate the development and commercialization of technologies to produce sustainable chemicals
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ITT to acquire Bornemann Pumps

October 15, 2012
WHITE PLAINS, N.Y. — ITT Corp. has signed an agreement to acquire Joh. Heinr. Bornemann GmbH (Bornemann Pumps), a German manufacturer of pumps and systems for the oil and
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Ecolab acquires Champion Technologies for $2.2 billion

October 15, 2012
ST PAUL, Minn. — Ecolab Inc. has agreed to acquire Champion Technologies and its related company Corsicana Technologies in a transaction valued at approximately $2.2 billion. Champion is a
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