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The Port Arthur Steam Cracker in Texas is Now Processing Ethane from Shale Gas
To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% Total, 60% BASF) revamped the Port Arthur steam cracker in Texas to process ethane, found in abundance in U.S. shale gas.
“Our strategy in the United States consists of consolidating our production base by taking advantage of market trends,” commented Patrick Pouyanné, President of Total Refining & Chemicals. “The Port Arthur steam cracker...
Oil and Gas
- May 24, 2013
Petrobras completes drilling and testing well in Transfer of Rights area
Petrobras announces it has completed drilling and conducted a formation test in the well that discovered oil at the Transfer of Rights area referred to as Florim, in the Santos Basin pre-salt.
Well 1-BRSA-1116-RJS (1-RJS-704), informally known as Florim, is located at a water depth of 2,009 meters, 206 km off the coast of the Rio de Janeiro state. The well confirmed the discovery of good quality oil (29º API) in carbonate reservoirs located just below the salt layer starting at a dep...
Oil and Gas
- May 24, 2013
Enovos Luxembourg S.A. inaugurates its second wind farm in France
After ten months of construction, Enovos Luxembourg inaugurates a new 10 MW wind farm in Souilly, near Verdun.
The Souilly wind farm, which started production in November 2012, consists of five wind turbines with a power capacity of 2 MW each. The site has an estimated annual production of more than 22,000,000 kWh a year, enough to provide eco-friendly electricity to around 5,500 households, corresponding to a town of the size of Verdun.
Daniel Christnach, Head of Renewable Energies &...
Wind
- May 24, 2013
Aleo solar AG starts negotiations with potential investors and presents its production facility
Aleo solar AG is holding initial meetings with potential investors on the acquisition of a majority interest in the solar module manufacturer. Majority shareholder Robert Bosch GmbH declared its withdrawal from the crystalline photovoltaics sector at the end of March. Since then, a buyer has been sought for the Bosch Group’s shares (90.7 percent) in aleo solar AG. “We have received several serious enquiries from the industry, and are currently examining them,” explains York ...
Solar
- May 24, 2013
Venezuela, Russia in joint oil venture
Venezuela and Russia formed a joint venture Thursday to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt.
Russia will loan Venezuela $1.5 billion to finance the development of the fields under the terms of the agreement, and put up $1.1 billion for a 40 percent share in Petrovictoria.
The agreement establishing Petrovictoria was signed by the president of the state-owned Petroleos de Venezuela (PDVSA), Rafael Ramirez, and the president of Russia...
Oil and Gas
- May 24, 2013
Brazil to open huge oil field to auction
Brazil on Thursday said it will auction concessions to drill and explore an offshore oil field believed to hold up to 12 billion barrels of crude, the country's largest find.
The tender process for the Libra oil field will take place in mid-October, said National Oil Agency (ANA) director Magda Chambriard, changing an originally scheduled date in late November.
"I have worked in the oil industry for 30 years and have never seen anything like it," she said. "Somethin...
Oil and Gas
- May 23, 2013
Dutch signal willingness to sell Urenco stake
The Dutch government announced Thursday it would explore the sale of the one-third stake it owns in British-based uranium enrichment specialist Urenco.
The government said in a statement that the council of ministers had approved exploring the sale of part or the entire stake, and was in discussion with the other shareholders in the company which supplies nuclear fuel to power plants in Europe and the United States.
The announcement came a month after the British government said it wo...
Nuclear
- May 23, 2013
Germany must spread cost of energy shift fairly
The International Energy Agency said Friday that Germany must shield its consumers from paying too much of the cost of its ambitious switch from nuclear power and fossil fuels toward renewable energy.
The IEA also said Europe's biggest economy should make greater use of natural gas to smoothe the transition and reduce the use of coal to meet its carbon reduction targets to combat climate change.
Given the scale of the "Energiewende" or energy shift, the size of the Germa...
Energy Efficiency
- May 24, 2013
