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BP and Partners Approve Azeri Central East Project

Azerbaijan: Oilfield Development

BP and Partners Approve Azeri Central East Project

24/04/2019 - The 6 billion dollar project is the next stage of development of the mega ACG oilfield complex in the Caspian Sea. The project also includes a new offshore platform which is expected to process up to 100,000 barrels of oil per day. read...

Kipic Awards Technology Contract to Mc Dermott

Kuwait: Petrochemicals

Kipic Awards Technology Contract to Mc Dermott

24/04/2019 - The contract is for Kuwait Integrated Petroleum Industries Company’s (Kipic) Petrochemical Refinery Integration Project in Kuwait. The contract includes basic engineering, technology license, and catalyst for an integrated Low Pressure Recovery and Olefins Conversion Technology unit. read...

Cooec-Fluor Completes Module Fabrication Work in China

China: Gas Field Development

Cooec-Fluor Completes Module Fabrication Work in China

19/04/2019 - Cooec-Fluor has carried out module fabrication work for its Dongfang Gas Fields Development Project. The modules are expected to be a part of the new offshore oil and gas production platform situated in the western South China Sea. read...

Conoco Phillips to Sell Two UK Subsidiaries for 2.675 Billion Dollars

USA: Oil & Gas

Conoco Phillips to Sell Two UK Subsidiaries for 2.675 Billion Dollars

19/04/2019 - The subsidiaries which indirectly hold Conoco Phillips’ exploration and production assets in the U.K. are being sold to Chrysaor E&P. Conoco Phillips also aims to retain its London-based commercial trading business and its 40.25 % interest in and operatorship of the Teesside oil terminal. read...

Raven Petroleum to Build Green Refinery in Texas

USA: Engineering

Raven Petroleum to Build Green Refinery in Texas

17/04/2019 - Raven Petroleum plans to use specialised technologies by combining cogeneration, natural gas and base-load renewable power to process Texas crude. The project is expected to benefit the region’s economy and generate jobs for the locals. read...

Articles

Characterization the Sealing Behavior: Talking Statistics

Sealing Statistics

Characterization the Sealing Behavior: Talking Statistics

29/11/2018 - Characterization the behavior of sealing elements using statical testing plays a vital role — When developing sealing solutions, statical testing is a mighty tool. Thus, understanding its methodology, its disturbances and variables becomes a decisive factor in the development process. Is there any standard procedure to determine sealing behavior? read...

NEWS

Saudi Aramco to Purchase 17 % Stake in Hyundai Oilbank

South Korea: Business Acquisition

Saudi Aramco to Purchase 17 % Stake in Hyundai Oilbank

Valued at 1.25 billion dollars, Saudi Aramco aims to strengthen its presence in the South Korean market and support its crude oil placement strategy via this business deal. read...

Huge Explosion Rocks Petronas' Refinery in Malaysia

Malaysia: Throwback at Rapid Project

Huge Explosion Rocks Petronas' Refinery in Malaysia

Reuters reports that a fire at Petronas' Malaysian oil refinery was brought under control early on Friday after an explosion. The company was testing its facilities ahead of planned commercial operations later this year. read...

KBR Appoints Baker Hughes for Development of Mid-Scale LNG Design

USA: Project Development

KBR Appoints Baker Hughes for Development of Mid-Scale LNG Design

The design of the mid-scale LNG facilities is expected to standardise around Baker Hughes’ proven gas turbine driver technologies which sfeature BHGE's LM2500+G5 and LM6000PF gas turbines. read...

Shell to Sell Interest in Gulf of Mexico for 965 Million Dollars

Mexico: Oil Deal

Shell to Sell Interest in Gulf of Mexico for 965 Million Dollars

Shell has plans to sell 22.45 % non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment. The transaction is expected to close by the end of the third quarter of 2019. read...

Rönesans, Sonatrach to Invest 1.2 Billion Dollars for New Petrochemical Plant

Turkey: Engineering

Rönesans, Sonatrach to Invest 1.2 Billion Dollars for New Petrochemical Plant

Rönesans has collaborated with Sonatrach to construct a 450,000 tonnes polypropylene production plant in the Ceyhan Mega Petrochemistry Industry Zone. The project is considered to be the first investment in the region and aims at reducing the national deficit by 450 to 500 million dollars. read...

Refinery Catalyst Market to Cross 5.5 Billion Dollars by 2025

Market Report

Refinery Catalyst Market to Cross 5.5 Billion Dollars by 2025

The refinery catalyst market is set to grow from its current market value of more than 4 billion dollars to over 5.5 billion dollars by 2025; according to a report by Global Market Insights. read...

HPCL Selects Axens’ Technologies for its 9 MTPA Refinery in Rajasthan

India: Specialised Innovations

HPCL Selects Axens’ Technologies for its 9 MTPA Refinery in Rajasthan

Axens will offer a range of technologies for HPCL’s integrated refinery and petrochemical complex. The scope of work includes the supply of process books, catalysts & adsorbents, proprietary equipment, trainings and technical services. read...

Vedanta Discovers Oil in KG Basin

India: Oil Exploration

Vedanta Discovers Oil in KG Basin

Vedanta has discovered oil in the Krishna Godavari basin on India’s east coast. The firm holds 100 % participating interest in the block and the next move is expected to be based on the evaluation results of the first well A3-2 and the second well H2 in the region. read...

Adnoc Signs Long Term Contract for Sale of Base Oil

China: Lubrication Grade Oils

Adnoc Signs Long Term Contract for Sale of Base Oil

Under the terms of the contract, Adnoc will sell its high-quality base oil, AD base to Xiamen Sinolook Oil Co. in China. The demand for base oils across China increased by 6.4 % last year and is expected to grow by more than 6 % this year. read...

Exxon Mobil Decides on Multi-Billion Dollar Expansion into Higher-Value Lube Base Stocks and Distillates

Singapore: Expansion Project

Exxon Mobil Decides on Multi-Billion Dollar Expansion into Higher-Value Lube Base Stocks and Distillates

Exxon Mobil has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates. read...

Ineos Oxide Plans to Double Capacity of its New Ethylene Oxide and Derivatives Plant

USA: Facility Expansion

Ineos Oxide Plans to Double Capacity of its New Ethylene Oxide and Derivatives Plant

Once complete, the plant is expected to produce 1.2 billion pounds of Ethylene Oxide and commence operations in 2023. The company also plans to allow interested third-parties to co-locate on its site and consume EO by pipeline. read...

Saudi Aramco Selects KBR's Solvent Deasphalting Technology for Riyadh Refinery

Saudi Arabia: Specialised Technology

Saudi Aramco Selects KBR's Solvent Deasphalting Technology for Riyadh Refinery

KBR’s solvent deasphalting technology – Rose has been finalized by Saudi Aramco for its residue upgrading and clean fuels project at the Riyadh Refinery in Saudi Arabia. According to the deal, KBR will offer a 3-product Rose technology license, basic engineering design, and proprietary equipment for the project. read...

Wood Wins New Contract for Sinochem Quanzhou’s Ethylene and Refinery Expansion Complex

China: EPCM

Wood Wins New Contract for Sinochem Quanzhou’s Ethylene and Refinery Expansion Complex

Under the contract, Wood will provide engineering, procurement and construction management as well as project management services to the offsite utilities portion of the project. The 1 MTA project is expected to be constructed in the Fujian province of south east China. read...