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Carbon Capture and Utilization Concept

Germany: Carbon-2-Chem

Carbon Capture and Utilization Concept

05/22/2018 - At the Achema, the trade show for the Process industries in Frankfurt am Main, the project Carbon-2-Chem will present its solutions for more climate protection in industry. read...

Air Products Launches World-Scale Industrial Gas Complex in Kochi

India: Industrial Gases

Air Products Launches World-Scale Industrial Gas Complex in Kochi

05/22/2018 - The Kochi Industrial Gas Complex which has been constructed within BPCL’s Integrated Refinery Expansion Project aims to increase the firm’s refining capacity by nearly two-thirds, from 190,000 to 310,000 barrels per day. read...

Worley Parsons Awarded GES Contract by Yasref

Saudi Arabia: World-Class Refinery

Worley Parsons Awarded GES Contract by Yasref

05/21/2018 - 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

05/17/2018 - 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

05/16/2018 - 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...

Articles

Business in the Current Oil Market in Russia

Russia: Oil Market

Business in the Current Oil Market in Russia

10/20/2017 - Report on the current market scenario of the global oil market along with Russia’s recent business deals and projects in the oil and gas sector. read...

NEWS

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...

Concho Resources to Take Over RSP Permian in All-Stock Transaction

USA: Oil and Gas Acquisition

Concho Resources to Take Over RSP Permian in All-Stock Transaction

The acquisition will add 92,000 net acres to Concho’s existing acreage in the Permian Basin. Also, the transaction has established one of the largest unconventional shale producers in the region. read...

BP and Reliance Join Hands for ‘Satellite cluster’ project in Block KG D6

India: Gas Production

BP and Reliance Join Hands for ‘Satellite cluster’ project in Block KG D6

The project is the second phase of the integrated KG D6 development. With an aim to bring new gas production for India, the companies are developing the Block’s discovered deep-water gas fields in a series of projects. read...

Oil Prices Rises Amidst Concerns About US-Russia Tensions

Commodity Prices

Oil Prices Rises Amidst Concerns About US-Russia Tensions

West Texas Intermediate (WTI) crude reached its highest level since December 2014, extending gains after the US Energy Information Administration’s weekly report showed an unexpected drawdown in oil inventories. read...

Vermilion Energy Set to Acquire Oil and Gas Firm Spartan Energy Corp.

Canada: Business Acquisition

Vermilion Energy Set to Acquire Oil and Gas Firm Spartan Energy Corp.

The acquisition will enable Vermilion Energy to increase its position in southeast Saskatchewan and is in line with the company’s sustainable growth-and-income model. read...

Oil Market Awaits Trump's Next Move on Iran

Iran/USA: Looming Sanctions

Oil Market Awaits Trump's Next Move on Iran

After global markets for equities, currencies and metals have all been whipsawed by the uncertainty over what President Donald Trump’s next geopolitical move would be, oil is next on the list. read...

Shell's Strategy for Energy Transition

The Netherlands: Lower-Carbon Energy

Shell's Strategy for Energy Transition

Shell has published a report, outlining its strategy for a transition to lower-carbon energy. The Shell Energy Transition Report describes its understanding of the transition and what it means for the company. read...

Praxair Commences Hydrogen Supply to Marathon Petroleum’s Refinery

USA: Industrial Gases

Praxair Commences Hydrogen Supply to Marathon Petroleum’s Refinery

Praxair’s Southeast Louisiana pipeline network is supplying hydrogen and is being used by Marathon Petroleum in an ultra-low-sulfur diesel project. read...

Total Prepares for Electric Transition

France: European Power Market

Total Prepares for Electric Transition

In a step to shift its power business toward cleaner energy, Total SA agreed to buy Paris-based utility Direct Energie, adding 2.6 million electricity and gas customers in France and Belgium. read...

Tellurian Strikes a New Path to Fund LNG Export Terminal

USA: Liquefied Natural Gas Exports

Tellurian Strikes a New Path to Fund LNG Export Terminal

Tellurian is seeking investors to pay a total of $ 12 billion up front to fund the proposed Driftwood LNG export terminal in Louisiana. In return, they get a stake in the project and the ability to buy fuel at cost moving forward, with no markup based on a changing marketplace. read...

Canadian Province's Battle Over Pipeline Could Disrupt Supply to North American West Coast

Canada: Trans Mountain Pipeline

Canadian Province's Battle Over Pipeline Could Disrupt Supply to North American West Coast

Legislation introduced on April 16 would allow oil-rich Alberta to curb the flow of crude and fuel if neighboring British Columbia doesn’t drop its opposition to Kinder Morgan’s Trans Mountain pipeline expansion. The existing pipeline supplies the Vancouver area with as much as 60 % of its refined products. read...