Technip awarded contract for Venezuela upgrader
Technip has been awarded a lump sum contract for the Petrocarabobo upgrader, that will include the basic, front-end engineering design and the first phase of project management consultancy services.
Dow invests in propylene production plant
The Board of Directors Dow Chemical Company authorized capital for detailed engineering and to purchase long lead-time equipment for a new propylene production facility.
AEP purchases BlueStar Energy
American Electric Power and AEP Retail Energy, its unregulated subsidiary, have acquired BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions. Chicago-based BlueStar provides electric supply for retail customers in Illinois, Ohio and other deregulated energy markets and also provides nationwide demand response and energy efficiency services.
Floating Production for remote Brazil oil reserves
Business intelligence company GlobalData has released a report stating that, through the use of Floating Production Storage and Offloading (FPSO), oil and gas reserves in hard-to-reach oil fields in Brazil will be accessible.
Sunoco Philadelphia refinery looking for buyer
John A. Catsimatidis, chief executive and chairman of United Refining Energy Corp.