-- Petrobras shopping for devalued assets in economically beleaguered Argentina Rio de Janeiro's Federal University Institute of Economics Prof. Edmar Luiz F. de Almeida
"Past experiences demonstrated that attempts (such as Argentina's) to control the prices of oil products and infrastructure services have only short-term effects on inflation. In the medium and long run, such policies only reduce investments in the sector."
-- Shell to add HDS plant to Geelong refinery Shell Refining (Australia) Pty. Ltd., a unit of Royal Dutch/Shell Group, let a $90 million (Aus.) lump-sum turnkey contract to CBI Constructors Pty. Ltd., a unit of Chicago Bridge & Iron Co NV.
-- Kalundborg refinery producing sulfur-free diesel Statoil ASA's new 400 million kroner diesel oil unit at its Kalundborg refinery near Copenhagen is 3 months ahead of schedule in delivering diesel with virtually no sulfur content.
-- Statoil orders LNG barge for Snøhvit field Statoil ASA, Stavanger, has placed an order with IZAR Fene Shipyard for a new vessel to support a floating natural gas liquefaction plant in the Snøhvit gas fields complex in the Barents Sea.
-- Technip-Coflexip wins Ruwais refinery expansion Abu Dhabi Oil Refining Co. has awarded a major, lump sum turnkey contract valued at $480 million to Technip-Coflexip Group, Paris, for the expansion of its Ruwais refinery in Abu Dhabi.
-- NY state assembly approves low-sulfur rules The New York State Assembly by a 124-24 vote approved clean fuel legislation that reduces sulfur levels in transportation fuels on a faster timetable than federal regulations now on the books.