USA Oil and Gas News Update Jan 2014

• US$5bn Texas LNG terminal expansion to go ahead – CB&I and joint venture Zachry Industrial, Inc. has been awarded two contracts, each valued at approximately US$2.5 billion for a two-train liquefaction project in Freeport, Texas.
• Sasol to build first GTL plant of its kind in the US.
• Calumet acquires US lubricants company Bel-Ray.
• Shell backs out of US Gulf coast GTL project.
• TOBS/SN 70 Base Oil FOB USA price down in December 2013.
• U.S. domest ic base oil market remains slack.
• Kluber Lubrication specialty lubricants have been recognised for meeting environmental standards set by the U.S. EPA.