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Global Oil and Gas Market Update Nov, 2013

• EPA proposes big reduction in 2014 ethanol blend volume – World’s largest ethanol plant of its type opens.

• PMC Biogenix Launches Vegetable-based EBS Lubricant.
• Shell Lubricants excites F1 lovers with simulators.
• PMC Biogenix Launches Vegetable-based EBS Lubricant.
• Technip and Shell Cansolv, a subsidiary of Shell, have signed an agreement to leverage their respective expertise in marketing an end-to-end solution for Carbon Capture and Sequestration (CCS) projects.

• Apache Corporation announced the completion of a previously announced sale of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC, a portfolio company of Riverstone Holdings, for US$3.75 billion.

• One of the world’s largest land rig operators, Nabors Industries announced that Bristol Bay Native Corporation (BBNC) has signed a definitive agreement with Nabors Alaska Services Corp. to acquire a 100 per cent ownership interest in Peak Oilfield Service Company LLC.

• The Australian subsidiaries of Chevron have signed binding long-term Sales and Purchase Agreements (SPAs) with Tohoku Electric Power Company, Inc. (Tohoku) to supply liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia.

• Under the agreements, Chevron subsidiaries, together with subsidiaries of Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Tohoku with 0.9 million tonnes per annum of LNG for up to 20 years.
• European Commission Clears Acquisition on “Failing Firm” Arguments ie Shell refinery assets at Harburg by Nynas of Sweden.
• Gazpromneft Lubricants commences bunkering with marine oils from Primorsk port berth.
• Solazyme Enters Textile Lubricants Market With Industry Leader Goulston Technologies.
• Base Oil SN 150 FOB Europe price marginally up by 12% since January 2013 price.
• SK Energy looks to tap European fuel oil surplus.
• Exxon Mobil’s gas turbine oil Mobil DTE 932 GT reduces the risk of varnish.
• Vivo Energy takes over Shell Ghana Limited.
• GCC fertilizer industry on sustained growth path – A rapidly growing global population and planned capacity expansions are the key drivers for sustained growth for the GCC’s fertilizer producers.
• Exhibition, conference, seminars, awards; AGRA Middle East has plenty to offer including updates on new industry developments, products and services. Get the opportunity to network with key decision makers and build alliances with leading suppliers in the Industry. AGRAme 2014 is set to be the Middle East’s largest Agribusiness Industry event of the year.
• Dynamic flow measurement for vessel discharges – Offloading cargo from very large crude carriers (VLCCs) presents challenges for any dynamic flow measurement system due to the flow variations that characterise such discharge operations, coupled with the possible introduction of entrained air or gas into the flow. Here, Khaled Saleh*, Chairman and CEO, Arab Petroleum Pipelines Co SUMED, outlines how the new metering system at the Ain Sukhna VLCC offloading terminal in Egypt meets these challenges.

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