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Processing 2010 P7

  • 10/01/2010 -- Antero to sell Oklahoma midstream assets
    Antero Resources, Denver, has entered definitive agreements to sell its midstream assets in the Woodford shale area of the Arkoma basin in Oklahoma to affiliates of Cardinal Midstream LLC for $268 million cash.
  • 09/30/2010 -- Methanol-to-olefins unit starts up in China
    China Shenhua Coal to Liquid & Chemical Co. Ltd. has started up was is being called by the firm the “world’s first methanol-to-olefins unit to be operated on a commercial scale” in Baotou, China.
  • 09/30/2010 -- Two Valero refineries adding hydrogen units
    Valero Energy Corp. is adding hydrogen plants at its 195,000-b/d refinery in Memphis, Tenn., and its 170,000-b/d McKee refinery in Sunray, Tex.
  • 09/30/2010 -- Twin gas plants planned for Iraqi fields
    BGR Energy Systems Ltd., Andhra Pradesh, India, has awarded Mott MacDonald Group Ltd., Croydon, UK, a contract for detailed engineering and procurement of two 110-MMcfd gas plants for Akas and Al-Mansuria gas fields in Iraq.
  • 09/29/2010 -- Shell awards Malaysia refinery contract
    Shell Refining Co. FOM Malaysia awarded Fluor Corp. an engineering, procurement, and construction management contract as part of Phase 1 of Shell’s Hijau gas oil project.
  • 09/29/2010 -- Murphy settles pollution charges at two US refineries
    Murphy Oil USA Inc. agreed to spend $142 million to upgrade pollution control equipment at its two US refineries to settle charges that it violated the federal Clean Air Act, the US Department of Justice and Environmental Protection Agency jointly announced.
  • 09/29/2010 -- Europia blasts EC for ignoring refining sector
    The European Union’s European Commission “seems to ignore” the necessity of future petroleum products and provides “little basis” for downstream investment, said Europia, the European petroleum industry association, in a 70-page review of the EU’s refining sector.
  • 09/28/2010 -- Petroplus to sell its share of PBF Energy to partners
    In a move with implications for refinery acquisitions in the US and Europe, Petroplus Holdings AG, Zug, Switzerland, has agreed to sell its 32.62% share of PBF Energy Co. LLC, Greenwich, Conn., for $91 million.
  • 09/27/2010 -- Valero announces sale of Paulsboro, NJ, refinery
    Valero Energy Corp. has signed an agreement to sell its 185,000-b/d refinery at Paulsboro, NJ, to PBF Holding Co. LLC, a wholly owned subsidiary of PBF Energy Co. LLC, for $360 million plus the value of net working capital and inventories, currently estimated to be $275 million.
  • 09/27/2010 -- Turkish refinery to get Axens hydrotreaters
    SOCAR & TURCAS Refinery AS, Istanbul, will use Axens hydrotreating technology in key units of the 214,000 b/d grassroots refinery under construction at Izmir, Aliaga Province, Turkey.

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