-- Shell, Cosan eye Brazilian ethanol venture Shell International Petroleum Co. and Cosan SA, Piracicaba, Brazil, have signed binding agreements to form a $12 billion joint venture for production and sale of ethanol and electric power from sugar cane.
-- Petrobras joins cellulosic ethanol project Petrobras America has entered a joint development agreement with KL Energy Corp., Rapid City, SD, to develop technology for producing ethanol from sugarcane bagasse.
-- ONGC awards gas processing work India’s Oil & Natural Gas Corp. has awarded gas processing contracts worth 11.95 billion rupees ($25 million) to Larsen and Toubro Ltd., Mumbai, to expand processing capacity at ONGC’s gas processing plants at Uran and Hazira.
-- Shell selling small Germany refinery Royal Dutch Shell PLC entered a binding agreement to sell its 90,000-b/d Heide refinery in Germany to Klesch & Co., a family investment firm based in London and Geneva.
-- Essar: Refinery upgrade mostly on track Essar Energy, Mumbai, says an expansion and upgrade of its 300,000-b/sd refinery at Vadinar, India, is mostly on schedule except for two of nine processing units, including a delayed coker.