German China India

News

Fire Breaks Out at Moscow’s Oil Refinery

Russia: Plant Shutdown

Fire Breaks Out at Moscow’s Oil Refinery

11/19/2018 - Due to the fire at Gazprom Neft’s oil refinery, an entire unit which is responsible for producing more than half of the plant’s gasoline output was shut. Also, post the incident, no casualties were reported at the plant. read...

Total Sings MoU on LNG Project with Papua New Guinea

Papua New Guinea: Memorandum of Understanding

Total Sings MoU on LNG Project with Papua New Guinea

11/19/2018 - Total and its partners Exxon Mobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. read...

Adnoc Sings Agreement with Mubdala and Expands Giant Bu Hasa Field

UAE: Investment in Downstream and Upstream Industry

Adnoc Sings Agreement with Mubdala and Expands Giant Bu Hasa Field

11/19/2018 - The Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company signed a framework agreement to explore together potential global growth opportunities that build on the partner's refining and petrochemicals assets. The oil company also announced an investment of $ 1.4 billion to upgrade and expand its Bu Hasa Field as it ramps up onshore crude production capacity. read...

Air Liquide to Provide Technology for Pertamina’s Refinery

Indonesia: Specialised Technologies

Air Liquide to Provide Technology for Pertamina’s Refinery

11/16/2018 - Under the agreement, Air Liquide will offer a technology licence as well as basic engineering for a hydrogen production unit which will be installed on the Balikpapan refinery site in Indonesia. read...

Maire Tecnimont to Complete Design for Exxon Mobil Petrochemical Complex

USA: 230 Million Dollar Project

Maire Tecnimont to Complete Design for Exxon Mobil Petrochemical Complex

11/15/2018 - A subsidiary of Maire Tecnimont, in consortium with Performance Contractors, has been awarded a reimbursable contract by Exxon Mobil for the initial activities related to the front end engineering design, early execution studies and early procurement activities for new process units and the associated offsites and utilities for a Petrochemical complex in the US. read...

Articles

To the Last Drop – How Pumps Can Become Efficiency–Enablers for Tank Farms

Screw Pumps/Tank Storage

To the Last Drop – How Pumps Can Become Efficiency–Enablers for Tank Farms

10/02/2018 - How screw pumps strip out even highly viscous media – When emptying an oil or fuel tank (a process refferd to as stripping), quite often residual product of the highly viscous media is left behind. But does it have to be that way? Pumps with excellent intake at low NPSHr values can in fact completely empty tanks – even of crude oil and bitumen. And one technology in particular outperforms the rest... read...

NEWS

Total, Adnoc Sign Concession Contract to Launch Unconventional Gas Exploration

UAE: Gas Deals

Total, Adnoc Sign Concession Contract to Launch Unconventional Gas Exploration

The project will be carried out in the high potential Diyab play that spreads over 6,000 sq km in Abu Dhabi. Total will operate the exploration phase with a 40 % interest and Adnoc will hold the remaining 60 % interest. read...

Adnoc Signs MOU with ISPRL to Explore Crude Oil Storage in Underground Facility

India: Oil Reserves

Adnoc Signs MOU with ISPRL to Explore Crude Oil Storage in Underground Facility

The new storage facility is located at Padur in Karnataka and boasts of a storage capacity of 2.5 million tonne. The agreement has strengthened and expanded the strategic energy partnership between India and the UAE. read...

Russia, Saudi Arabia and the USA Have Seen Oil Output at Record Levels: IEA

Global Oil Market Report

Russia, Saudi Arabia and the USA Have Seen Oil Output at Record Levels: IEA

IEA has reported that the ‘Big Three’ industry players have witnessed oil output at a high rate. The global agency also mentions that regular contacts between key players are essential in creating understanding and maintaining oil diplomacy to ensure market stability. read...

Total Starts Up Production of Kaombo Offshore Project

Angola: Deep Offshore Development

Total Starts Up Production of Kaombo Offshore Project

Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, 260 km off the coast of the country's capital, Luanda. read...

Stork Wins Renewed Operations and Maintenance Contract by Ecopetrol

Colombia: Gas Processing

Stork Wins Renewed Operations and Maintenance Contract by Ecopetrol

Fluor announced today that Stork, part of the company’s Diversified Services segment, was awarded a five-year contract renewal by Ecopetrol to operate and maintain its surface facilities on the Cusiana and Cupiagua gas fields in Colombia. read...

Total Acquires Two Gas Power Plants

France: Electricity Generation

Total Acquires Two Gas Power Plants

Total has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants (CCGT) in the North and East of France, which represent an electricity generation capacity of approximately 825 megawatts (MW). read...

Mobile Testing Solution for the Petroleum Industry

USA: Testing Equipment

Mobile Testing Solution for the Petroleum Industry

Agilent and Grabner Instruments have reached an equipment manufacturing agreement to focus on a novel mobile testing solution for in-field analysis of lubricating oils and greases. read...

Exxon Mobil Announces Start-Up of New Ethane Cracker in Baytown

USA: 1.5 Million Ton-Per-Year Cracker

Exxon Mobil Announces Start-Up of New Ethane Cracker in Baytown

Exxon Mobil announced that operations have commenced at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex. read...

Maire Tecnimont Awarded EPC Contracts Worth $ 527 Million by Lukoil

Russia: Refinery Business

Maire Tecnimont Awarded EPC Contracts Worth $ 527 Million by Lukoil

Maire Tecnimont announced that its subsidiary KT — Kinetics Technology has been awarded two EPC (Engineering, Procurement and Construction) contracts by Lukoil Nizhegorod Nefteorg Syntez. The contracts are related to five refinery process units as part of the oil residue upgrading project for the Kstovo Refinery, in Central Russia. read...

Technip FMC Wins Subsea Contract from Chevron Australia

Australia: Offshore Campaign

Technip FMC Wins Subsea Contract from Chevron Australia

Technip FMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia in water depths ranging from 250 to 1,340 meters. read...

Mc Dermott to Construct CB&I Storage Tanks for Jubail United Petrochemical

UAE: EPC Contract

Mc Dermott to Construct CB&I Storage Tanks for Jubail United Petrochemical

Mc Dermott has been awarded a contract by Samsung Engineering Saudi Arabia Company for engineering, procurement and construction services (EPC) concerning CB&I Storage Tanks for the Jubail United Petrochemical Company — Sabic's manufacturing affiliate. read...

Toyo Awarded Engineering Contract by Map Ta Phut Olefins

Thailand: Olefin Production

Toyo Awarded Engineering Contract by Map Ta Phut Olefins

Toyo Engineering Corporation has been awarded a contract by Map Ta Phut Olefins, a joint venture company of SCG Chemicals and Dow, for offshore engineering and procurement services of an olefin expansion project. read...

Exxon Mobil Expects Stabroek Block to Deliver up to 4 Billion Barrels

Guyana: Offshore Oil Field

Exxon Mobil Expects Stabroek Block to Deliver up to 4 Billion Barrels

Exxon Mobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels. The previous recoverable resource estimate was 3.2 billion oil-equivalent barrels. read...