Monday, Praxair Inc. (PX) said it has signed a contract with ExxonMobil to build, own and operate an air separation unit or ASU to supply additional nitrogen for enhanced oil recovery or EOR operations at ExxonMobil's Hawkins, Texas gas processing plant site.
Under the new contract, Praxair said it will install a new production facility to meet ExxonMobil's requirements for nitrogen. Operations from the new supply network are scheduled for start-up in the second half of 2011. Praxair will produce 85 million cubic feet per day of high-pressure nitrogen and additional quantities of liquid argon.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.