| May 15, 2012 | Volume 4 Issue 20 |
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PetroChina reported to be in talks to buy Aruba refinery from Valero Energy
 PetroChina Co. Ltd., Asia’s largest oil and gas producer which has made several overseas refinery acquisitions over the past few years, is said to be in talks to buy Valero Energy's refinery in Aruba, Reuters reported. In a filing with the U.S. Securities and Exchange Commission, Valero said it ... [More]
GE, Shenhua set up clean energy JV in Shanghai  GE China and China Shenhua Coal to Liquid and Chemical Co., Ltd. announced the inauguration of a 50-50 hi-tech joint venture advancing technology research and development in Shanghai. The JV is known as GE Shenhua Gasification Technology Co. Jason Crew, general manager of GE’s gasification business, ... [More]
Houghton International said to be up for sale  Metalworking fluids manufacturer Houghton International is being put up for sale by its private equity owner AEA Investors LP. The deal could be worth more than US$1 billion, Reuters reported. Deutsche Bank and Morgan Stanley have been hired to advise on the sales process, which has yet to be launch ... [More]
NOC to start lube business  Nepal Oil Corporation (NOC) will formally enter the lubricant business soon, according to Acting Managing Director Suresh Kumar Agrawal. The petroleum supply agreement between Indian Oil Corporation (IOC) and NOC, which was signed on April 27, included the trade of bitumen, lubricants and grease. NO ... [More]
Infineum to build additive plant in China  Infineum said it had signed a letter of intent with Zhangjiagang Industrial Park in Jiangsu Province, as the first step in the process of building a new additive manufacturing complex in China. The investment will be subject to approval by the company’s board of directors.
“We foresee that our ma ... [More]
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