News Archive for Petrochemical News

Inhol bv to introduce new compounds and ideas at Wire 2012 Düsseldorf – PTL Hall 12/A15

THE FUTURE COUNTS

The Inhol/PTL team and their agent Russion agent Permanent will continue to introduce new compounds and ideas to the market. More focus on CV end moisture curable compounds will be the goal for the forthcoming years. Inhol/PTL has an comprehensive range of special irradiation cross linkable compounds for the Wire & Cable industry to meet many international specifications. Concerning test equipment for the W&C and heat shrink industry, Inhol will show their new Hot Set Oven with an extra side door as well as the TVAB abrasion tester. This abrasion tester is so precise that it has set the standard for ISO 6722-More new equipment for testing and handling purposes will be introduced in 2012. 

Source: Inhol

BASF increases prices for ethanolamines in Europe

With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for ethanolamines (EOA) as follows: Read more…

Major Expansion and Upgrade Project at Samsung Total Petrochemicals’ Complex in Daesan, South Korea

Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint venture. Read more…

Solutia Reports Fourth Quarter and Full-Year 2011 Results

ST LOUIS, Jan. 27, 2012 /PRNewswire/ –

Fourth Quarter Highlights

  • Net sales of $526 million; an 8% increase from the same period in 2010
  • Diluted Earnings per Share from continuing operations of $.45
  • Adjusted Earnings per Share (“Adjusted EPS”) from continuing operations of $.49, a 36% increase from the same period in 2010
  • Declared cash dividend
  • Completed strategic acquisition of Southwall Technologies Inc. Read more…

CNPV’s Customers Qualify for a 10% Premium on Italian FiTs

LUXEMBOURG and DONGYING, China, Jan. 30, 2012 /PRNewswire-Asia/ — CNPV Solar Power SA, a public limited liability company organized under the laws of the Grand Duchy of Luxembourg and a leading integrated manufacturer of solar photovoltaic products, today announced external confirmation of significant European content within their polycrystalline modules, qualifying them for an additional 10% premium on the Italian feed in tariffs. Read more…

Centrica to increase its stake in North Sea Statfjord field to 34 percent

Centrica plc, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million (£142 million), including $103 million (£66 million) attributable to historic tax allowances. Read more…

Material Report HRT O&G and TNK-Brasil announce the filing at ANP for the transfer of 45% of the 21 blocks in the Solimões Basin

RIO DE JANEIRO, Jan. 27, 2012 /CNW/ – HRT Participações em Petróleo S.A. (the “Company” or “HRT”) (BM&FBOVESPA: HRTP3, TSX-V: HRP), announces that its subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. (“HRT O&G”) filed a request with ANP for the transfer of 45% of the 21 blocks in the Solimoes Basin to the Brazilian subsidiary of TNK-BP, TNK-Brasil Exploração e Produção de Óleo e Gás Natural Ltda. (“TNK-Brasil”). Read more…

TriOil reports continued light oil success at Lochend and Kaybob, confirms 2011 exit rate and provides operations update

CALGARY, Jan. 29, 2012 /CNW/ – TriOil Resources Ltd. (“TriOil” or the “Company” – TSXV: TOL) reports continued strong results on the Company’s Lochend Cardium and Kaybob Dunvegan light oil resource plays, confirms its 2011 production exit rate and provides an operations update. Read more…

Tethys Petroleum Press Release, Monday, January 30, 2012- Aral Oil Terminal Inaugurated

Tethys Petroleum Limited (“Tethys” or the “Company” (TSX:TPL) (LSE:TPL)) today announced the official inauguration of its Aral Oil Terminal (“AOT”) ‐ a new oil storage and rail loading facility for oil shipments from the Company’ Doris oilfield into the Kazakh rail system. Read more…

Statoil announces more gas in the Snøhvit field

Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. Read more…

Canacol Energy Ltd. Provides Development Drilling Update

Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE) (BVC:CNEC) is pleased to provide an update of its development drilling program at its operated Rancho Hermoso Field located in the Llanos Basin of Colombia. The Corporation has completed the drilling and casing of the Rancho Hermoso 14 (“RH 14″) development well. The RH 14 well has been placed on permanent production from the Ubaque reservoir at a stabilized gross rate of 7,666 barrels of oil per day (“bopd”) (1,916 bopd net to Canacol). The RH 14 well encountered 125 feet (“ft”) of net oil pay within 5 different reservoir intervals, which include, from top to bottom, the C7, Mirador, Los Cuervos-Barco, Guadalupe, and Ubaque. Read more…

Magellan Petroleum Corporation Announces a New Pool Discovery in the East Poplar Unit and an Update for the Palm Valley Gas Field

PORTLAND, Maine, Jan. 27, 2012 /PRNewswire/ – Magellan Petroleum Corporation (the “Company”) (NASDAQ: MPET) (ASX: MGN) through its wholly owned subsidiary, Nautilus Poplar, LLC has completed its EPU 117 well within the East Poplar Unit as a new pool producer in the Amsden formation at a depth of approximately 4800 feet.  The well has just recently been completed and is currently producing approximately 106 barrels of oil per day with no appreciable water on a 10/64th choke with a flowing tubing pressure of 95 psi.  This is the first production from this formation within the Unit.  This well will be closely monitored to determine its ultimate commercial viability. Read more…

Plains All American Announces New Bakken Area Gas Processing Plant

Plains All American Pipeline, L.P. (NYSE:PAA), today announced that its wholly owned subsidiary Plains Gas Solutions, LLC (“PGS” and formerly known as CDM MAX, LLC) plans to construct a cryogenic gas processing plant with deep cut ethane plus recoveries and specification product fractionation capability, at its multi-product Ross Complex near Ross, North Dakota. The Ross Gas plant is expected to be sized to process 50-75 million cubic feet per day (MMCFD) of gas and is scheduled to be in service in the spring of 2013. PGS has executed a letter of intent with an anchor customer to provide long-term natural gas supply for the plant, and is in active negotiations with additional potential customers to appropriately size the facility. Read more…

United Kingdom Oil and Gas Report Q1 2012

Research and Markets has announced the addition of the “United Kingdom Oil and Gas Report Q1 2012” report to their offering. Read more…

Senergy Work to Advance North Sea Energy Projects

North Sea Energy Inc. (“NSE” or the “Company”) (TSXV:NUK) is pleased to announce that it has hired Senergy GB Limited to commence additional work on its Bobcat Prospect (block 13/28b), Bass Prospect (block 22/5c), Badger Prospect (block 12/30), Bluebird Discovery and Blackbird Prospects (block 15/21d). Senergy operates across the globe in many energy sectors delivering technical and operational solutions to help their clients realise the value from their assets. Read more…

Leni Gas & Oil Announces Gulf of Mexico Drilling Update

Leni Gas & Oil plc today announces the imminent arrival of the Ocean Columbia jack-up rig at the Eugene Island Field in the US Gulf of Mexico. Read more…

Fairstar Heavy Transport N.V. awarded two contracts by Saipem for Golden Eagle

Fairstar Heavy Transport N.V. (FAIR) has been awarded two contracts by Saipem to provide marine transportation services for the Golden Eagle Project in the North Sea. Read more…

Chevron Reports Fourth Quarter Net Income of $5.1 Billion, Compared to $5.3 Billion in Fourth Quarter 2010

Chevron Corporation (NYSE: CVX) today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter. Read more…

GLOBAL NUCLEAR SUPPLY CHAIN AND ENHANCEMENT FORUM, LONDON 21-22 FEB. 2012

Dr. Ken Ferguson, Executive Chair of the Forum, recently provided some insight regarding the focus of nuclear supply chain development and management…..” Even within the time of securing our excellent roster of speakers, the dynamic world of nuclear power growth proceeds onward. The Westinghouse AP-1000 has been approved by the NRC, on site activities continue for new reactors, the UK continues to plan for new nuclear generation as do many other countries , companies look to expand their involvements in the nuclear sector, while others look for reliable future participants. All of this underscores the relevance of this upcoming Forum in London. We look forward to a very successful interchange of ideas, progress, and status.”

Source: Forward Networking

Technip to release Fourth Quarter and Full Year 2011 results on February 16, 2012

Technip will publish its Fourth Quarter and Full Year 2011 results on Thursday, February 16, 2012 at 7:00 a.m. CET. The press release and slide presentation will be available from our website: www.technip.com. Read more…

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