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Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

Egypt: Oil & Gas

Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

08/16/2018 - The exploration license is named ‘Nour’ and with this project the firm is expecting to strengthen its position in Egypt. The company intends to commence drilling of the exploration well in the second half of 2018. read...

Petrofac Bags 370 Million Dollar Contract from Basra Oil Company

Iraq: EPC

Petrofac Bags 370 Million Dollar Contract from Basra Oil Company

08/16/2018 - The project involves the expansion of the Central Processing Facility in the Majnoon Field and work is expected to be complete in a time frame of 34 months. read...

Haldor Topsoe to Fully Acquire Ferrostaal Topsoe Projects

Denmark: Acquisition

Haldor Topsoe to Fully Acquire Ferrostaal Topsoe Projects

08/15/2018 - Danish catalyst specialist Haldor Topsoe announced that it was going to acquire full ownership of German Ferrostaal Topsoe Projects GmbH. The acquisition adds project planning and development know-how to the company's portfolio of high-performance catalyst and proprietory technologies for the chemical and refining industries. read...

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

USA: Biofuels

Positive Environmental Assessment Report for Velocys' Planned Biorefinery

08/13/2018 - Velocys announced that the US Department of Agriculture (USDA) has issued a Finding of No Significant Impact (Fonsi) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi. read...

Saudi Aramco, Air Products, and Acwa to Create 8 Billion Dollar plus JV

Saudi Arabia: Business Expansion

Saudi Aramco, Air Products, and Acwa to Create 8 Billion Dollar plus JV

08/13/2018 - The PPP mega gasification/power JV project is expected to produce power, hydrogen and other utilities for Saudi Aramco. The project is in line with the Kingdom’s Saudi Vision 2030 and is scheduled to commence in 2019. 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

05/29/2018 - 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

Toyo Wins Contract for Naphta Cracking Furnaces Project

Japan: Naphta Cracker

Toyo Wins Contract for Naphta Cracking Furnaces Project

Toyo Engineering Corporation was awarded an expansion of naphtha cracking furnaces project from Maruzen Petrochemical, which is intended to increase ethylene production at its Chiba plant. read...

Adnoc Aims to Improve Business Relations with Japan

UAE/Japan: Energy Prospects

Adnoc Aims to Improve Business Relations with Japan

The Arabian firm has plans to focus on the increasing energy needs of Asian economies and at the same time aims to attract new investment opportunities in its Upstream and Downstream operations. read...

Moda Midstream Acquires Ingleside Terminal from Occidental

USA: Export Terminal

Moda Midstream Acquires Ingleside Terminal from Occidental

Liquids terminaling and logistics provider Moda Midstream has entered into a definitive agreement to acquire the Oxy Ingleside Energy Center and certain crude oil and LPG infrastructure from Occidental Petroleum Corporation. read...

Worley Parsons Awarded GES Contract by Yasref

Saudi Arabia: World-Class Refinery

Worley Parsons Awarded GES Contract by Yasref

Worley Parsons has been awarded a General Engineering Service (GES) contract by Yanbu Aramco Sinopec Refining Company (Yasref) to help optimize the production of its facilities. read...

Exxon Mobil and BASF Sign Gas Treating Cooperation Agreement

USA: Gas Treating

Exxon Mobil and BASF Sign Gas Treating Cooperation Agreement

Exxon Mobil Catalysts and Licensing LLC and BASF have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. read...

Adnoc Intends to Create the World's Largest Integrated Refining and Petrochemicals Complex

UAE: $ 45 Billion Investment Plan

Adnoc Intends to Create the World's Largest Integrated Refining and Petrochemicals Complex

The Abu Dhabi National Oil Company (Adnoc) presented plans for a $ 45 billion investment over the next five years, to become a leading global downstream player. The plans were unveiled at the Adnoc Downstream Investment Forum, which took place on May 13 in Abu Dhabi, UAE. read...

Petronas and Saudi Aramco Unveil Corporate Identity of their Joint Ventures

Malaysia: Petrochemical Project

Petronas and Saudi Aramco Unveil Corporate Identity of their Joint Ventures

The joint venture project is expected to be an integral part of Saudi Aramco’s refining, fuels marketing and chemicals business strategies which will enable it to strengthen its position in the Southeast Asia region. read...

Lukoil Collaborates with Basra for Development Plan of West Qurna-2 Field

Iraq: Oil Production

Lukoil Collaborates with Basra for Development Plan of West Qurna-2 Field

Both the companies aim at producing 480 thousand barrels of oil per day by 2020 and further increase it to 800 thousand barrels per day by 2025. read...

Total Signs MoU with Oman to Develop Natural Gas Resources

Oman: Gas Project

Total Signs MoU with Oman to Develop Natural Gas Resources

Total announced that it has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. The MoU covers both upstream and downstream businesses. read...

Eni Commences Third Production Unit of Zohr Project

Egypt: Oil and Gas Production

Eni Commences Third Production Unit of Zohr Project

With the expansion, the project will be producing 1.2 bcfd of gas and has plans to further achieve a plateau of 2.7 bcfd by 2019. read...

Global Oil Market Scenario

Oil Industry

Global Oil Market Scenario

IEA has recently come up with a statement to portray the condition of the global oil market. read...

Hengli to Utilize Invista's P8 Technology

China: Purified Terephthalic Acid

Hengli to Utilize Invista's P8 Technology

Invista Performance Technologies (IPT), and Hengli Petrochemical have reached an agreement to license Invista’s latest purified terephthalic acid (PTA) process technology for the Chinese company’s fourth PTA line. read...

Total Enters into Agreement with Sonatrach for 1.4 Billion Dollar Petrochemical Project

Algeria: Engineering

Total Enters into Agreement with Sonatrach for 1.4 Billion Dollar Petrochemical Project

The project will comprise of a propane dehydrogenation unit along with a polypropylene production unit for which front-end engineering and design will soon be carried out. read...