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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

11/15/2018 - 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

11/14/2018 - 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...

One of the World’s Largest 3D Plant Design Created for Tengiz Oil & Gas Project

Kazakhstan

One of the World’s Largest 3D Plant Design Created for Tengiz Oil & Gas Project

11/14/2018 - The project is claimed to be one of the largest oil and gas projects in the world and Fluor’s JV firm is the brain behind the creation of the plant design. The new 3D plant model will enable project engineers from across the globe to see real-time developments in the design. read...

Lyondell Basell Licenses Polyolefin Technology to Sinopec

The Netherlands: Petrochemicals

Lyondell Basell Licenses Polyolefin Technology to Sinopec

11/14/2018 - Lyondell Basell announced that China Sinopec International and Sinopec-SK (Wuhan) have selected their Hostalen Advanced Cascade Process (Hostalen ACP) technology. read...

Saudi Aramco and Adnoc Collaborate for Natural Gas and LNG

UAE: Gas Agreement

Saudi Aramco and Adnoc Collaborate for Natural Gas and LNG

11/13/2018 - Both the firms have signed an agreement owing to which two of the biggest energy producers in the Gulf region will come together to increase business in the natural gas and LNG sectors. read...

Articles

How to Improve Resource Efficiency in the Petrochemical Industry

Petrochemicals: Resource Efficiency

How to Improve Resource Efficiency in the Petrochemical Industry

09/06/2018 - More from less — that was the slogan of the More project, whose goal was the definition of real-time indicators for more resource efficiency in the process. But how to monitor the complex production processes of a cracker? The two consortium participants Ineos and S-Pact developed a ready-to-use feed stream analyser based on Raman Spectroscopy. A real success story paid off in cash. read...

NEWS

Praxair to Supply Oxygen to Fulcrum’s Sierra Bio Fuels Facility

USA: Fuels

Praxair to Supply Oxygen to Fulcrum’s Sierra Bio Fuels Facility

Under the long-term agreement, Praxair will construct two vacuum pressure swing adsorption plants at the facility and also utilise its proprietary HOB technology for increasing syngas yield from the gasification process. read...

Saudi Aramco to Construct New Upstream Research Center at MSU Science Park

Russia: R&D

Saudi Aramco to Construct New Upstream Research Center at MSU Science Park

Saudi Aramco recently held a groundbreaking ceremony at Lomonosov Moscow State University to set up its ninth R&D facility outside its home country. The new center is expected to focus on upstream technologies in simulation and modeling, advanced materials, data analytics and artificial intelligence. read...

Adnoc to Introduce New Integrated Gas Strategy and Increase Oil Production

UAE: Oil & Gas

Adnoc to Introduce New Integrated Gas Strategy and Increase Oil Production

The new strategy aims at making the UAE self-sufficient in gas reserves as well as a net gas exporter over a period of time. In terms of oil production, the company intends to escalate its capacity to 4 mmbpd by the end of 2020 and 5 mmbpd by 2030. read...

Saudi Aramco Signs Contract with Zhejiang Petrochemical to Acquire Share in New Refinery

China: Oil Business

Saudi Aramco Signs Contract with Zhejiang Petrochemical to Acquire Share in New Refinery

The Saudi-based company is working to achieve a better balance between its world-class upstream and its growing downstream business. The company is also entering as a joint venture partner in major refining and petrochemical projects across China and India. read...

Total and Cnooc Extend LNG Sale and Purchase Agreement to 20 Years

Natural Gas

Total and Cnooc Extend LNG Sale and Purchase Agreement to 20 Years

The move has been undertaken to strengthen cooperation between the two companies. Under this agreement, Cnooc has increased the LNG contract volume from 1 MTPA to 1.5 MTPA. read...

Shell to Sell Shares in Sogu for 1.9 Billion Dollars

Denmark: Upstream Business

Shell to Sell Shares in Sogu for 1.9 Billion Dollars

Noreco will be purchasing Shell’s shares following which the Norway-based firm will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets. read...

Consortium to Develop Largest Green Hydrogen Cluster in Europe

The Netherlands: Feasibility Study

Consortium to Develop Largest Green Hydrogen Cluster in Europe

Nouryon (formerly Akzo Nobel Specialty Chemicals), Tata Steel and the Port of Amsterdam have joined together to study the feasibility of a large green hydrogen cluster in the Amsterdam region. read...

Total Joins Forces With Adani Group in Gas and Fuel Retail

India: Energy Market

Total Joins Forces With Adani Group in Gas and Fuel Retail

Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail. read...

Adnoc Meets Indian Leaders to Seek Partnership and Investment Opportunities

India: Energy

Adnoc Meets Indian Leaders to Seek Partnership and Investment Opportunities

The leaders met at an energy leaders’ roundtable in New Delhi wherein the UAE stressed on strengthening bilateral relationship between the two countries, particularly in the oil, gas and petrochemical sectors. read...

Petrofac Awarded Renewal Contract for 50 Million Dollars

Iraq: Maintenance Management

Petrofac Awarded Renewal Contract for 50 Million Dollars

The oilfield service provider has been given a four-year contract extension for maintenance management services in Iraq. Under the agreement, the firm will continue to provide specialist personnel to support maintenance services for existing assets. read...

Europe's Largest Propane Dehydrogenation Plant to Use Clariant's Catofin Catalysts

Germany: PDH Plant

Europe's Largest Propane Dehydrogenation Plant to Use Clariant's Catofin Catalysts

Clariant was awarded a long-term supply contract by Ineos to supply Catofin catalysts and Heat Generating Material (HGM) for a major propane dehydrogenation plant to be constructed in Europe. read...

Exxon Mobil and BASF Collaborate to Demonstrate New Gas Treating Solvent

Canada: Innovative Solutions

Exxon Mobil and BASF Collaborate to Demonstrate New Gas Treating Solvent

The solvent is capable of reducing sulfur emissions with greater efficiency. It also allows refiners and gas processors to increase capacity and lower operating costs in existing equipment. read...

Total Inaugurates 50 Million Dollar Lubricants Oil Blending and Production Facility

Russia: Oil Lubricants

Total Inaugurates 50 Million Dollar Lubricants Oil Blending and Production Facility

Equipped to produce 40,000 tonnes of automotive and industrial lubricants annually, the plant will also localise the production of lubricants for the Russian market. read...