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Oil, gas and petrochemical industry announcements: 12 August 2014

Hydrocarbon Engineering,


Jereh

At the end of July, Jereh Group announced that construction of its LNG plant project has started in Yibin city, Sichuan, China. The plant will have a production capacity of 2.47 million ft3/d. It has now finished the services of water, electricity and levelling, and is expected to produce first LNG at the end of the year. The agreement was signed at the start of June in partnership with the Sichuan Senti Energy investment Corporation to promote local shale gas liquefaction and commercialisation.

This milestone follows the breakthrough in Chinese shale gas commercialisation. At the start of July, Jereh signed a strategic cooperation agreement with Sichuan Sentai Energy Investment Corporation to provide integrated shale gas solutions and not only the above plant. Jereh will take over services that cover gas compression, transportation and terminal fuelling.

MatriX Technologies

MatriX Technologies GmbH has been recognised with the Bavaria’s Best 50 award by the Bavarian Ministry of Economic Affairs. The award ceremony was held in the Residenz of Munich on 29 July. 50 successful Bavarian companies were honoured for their strong profitable growth, market positioning and employment creation over the last few years.

Ilse Aigner, Bavarian State Minister for Economic Affairs said, ‘today we recognise the growth engines of the Bavarian industry, especially for their great innovation and performance. I am very pleased to reward Bavaria’s Best 50 once more and to shake hands with successful entrepreneurs, the Hidden Champions of Bavaria, who always prove: small and medium sized enterprises are a key driving engine and the backbone of our economy.’

MX Oil

MX Oil plc has said that it is pleased to note that President Enrique Pena Nieto has approved legislation required to reopen Mexico’s energy industry to the private sector. The company has also noted the government’s intention to announce the oilfields which Pemex will retain for production, known as round zero, on 13 August 2014 rather than 17 September, thereby allowing contracts to be awarded to the private sector as early as the first quarter of next year.

Stefan Olivier, CEO, MX Oil said, ‘the speed with which Mexico is opening up its energy industry vindicates our decision to position MX Oil as an early mover in what promises to be a new hydrocarbon frontier for the international oil and gas sector. I look forward to providing further updates on our progress as we work with our established local partner, GEO Estratos, to secure interests in highly attractive concessions which, through development, have the potential to generate significant value for our shareholders.’

OPW

OPW has signed a definitive agreement to acquire all the outstanding shares of Liquip International located in New South Wales, Australia. Liquip is a leading Australian designer and manufacturer of bulk liquid handling and storage solutions in the petroleum, aviation and chemical markets. Liquip expects to generate US$ 40 million in revenue this year. The transaction is subject to conditions, and is expected to close in the third quarter of this year.

David Crouse, President, OPW said, ‘the acquisition of Liquip is another important step in the global growth strategy of OPW. Liquip significantly strengthens OPW’s fluid handling position in Australia and throughout Asia Pacific. By combining our products, we create a truly best in class product portfolio meeting the unique requirements of our chemical and industrial and tank truck customers.’

Parker Oil Company

CITGO marketer Parker Oil Company and CITGO Petroleum Corporation have joined forces to support the CITGO/Parker Oil Muscular Dystrophy Association (MDA) annual Golf Outing. Parker Oil employees and representatives from CITGO terminal facilities in Richmond and Chesapeake, Virginia joined MDA representatives, golfers and other supporters at the Golf Club at Brickshire, Providence Forge to enjoy a day of golf while raising funds and awareness for the local chapter of MDA.

The event included a round of golf on the world class Brickshire course and benefitted families throughout Virginia who are dealing with the challenges associated with neuromuscular diseases. Through 27 years of support, joined for the last 12 by Parker Oil, the local CITGO terminals have raised over US$ 800 000 for MDA.

Phillips 66

Phillips 66, Chevron Phillips Chemical Company LP and the Sweeny Independent School District have announced their support in the creation of a petrochemical academy in Sweeny, Texas. Phillips 66 and Chevron Phillips Chemical are making an initial combined contribution of US$ 1.6 million to the academy as part of their continued commitment to education and workforce development initiatives in the communities where they operate. This occupational education program will allow students the opportunity to take dual credit courses while attending high school.

The US$ 1.6 million combined contribution to this initiative will support the purchase of equipment, building renovations, and scholarships for juniors and seniors enrolled in Sweeny ISD and surrounding school systems. Subsequent contributions will be made in coming years to help cover ongoing maintenance and operation costs and additional equipment.

US EPA

Cargill Incorporated has agreed to settle allegations that it violated the Clean Water Act (CWA) at two different large oil storage facilities in Blair Nebraska and Eddyville, Iowa. Through the settlement with EPA Region 7, Cargill will pay a civil penalty of US$ 187 500 to the US. The CWA requires facilities that store large quantities of oil to develop a Facility Response Plan (FRP) that outlines procedures for addressing worst case discharges of oil. By being prepared and by conducting requires response drills, facilities are better suited to prevent environmental harm from such releases. Each of the facilities produces and stores over 1 million gal. of oil. Combined, the facilities have a total estimated storage capacity of over 7 million gal.

Karl Brooks, EPA Region 7 administrator said, ‘the CWA requires large oil storage facilities to have adequate response plans to prevent a spill from turning into a large scale environmental disaster. The lack of a FPR for these facilities can have serious consequences for humans and the environment in the case of a spill. This settlement helps protect the communities of Blair and Eddyville if spills were to occur.’


Edited from various press releases by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/12082014/oil-gas-petchem-announcements-12-aug/


 

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