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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...

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

USA: Fuels

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

11/13/2018 - 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...

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

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...

Exxon Mobil Starts Production of New Unit at Antwerp Refinery

Belgium: Transportation Fuels

Exxon Mobil Starts Production of New Unit at Antwerp Refinery

Exxon Mobil has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. read...

Ryze Renewables to Construct Two Renewable Diesel Fuel Plants

USA: Green Energy

Ryze Renewables to Construct Two Renewable Diesel Fuel Plants

For this project, the firm has also collaborated with Phillips 66 which will be responsible for supplying feedstock and moving the renewable product from the plants to the region’s customers. Both the plants are expected to produce 11,000 barrels per day of renewable diesel fuel. read...

Contanda Plans to Build Large Scale Storage Terminal

USA: Petrochemicals and hydrocarbons

Contanda Plans to Build Large Scale Storage Terminal

Work on the terminal is expected to commence this year in October and will offer up to 3.0 million barrels of additional petrochemical and hydrocarbon storage capacity once it is complete. read...

Worley Parsons Receives EPC and PMC Contracts in China and Indonesia

Asia: Engineering Services

Worley Parsons Receives EPC and PMC Contracts in China and Indonesia

Worley Parsons has been awarded a project management consultancy (PMC) contract by Persero in Indonesia and an engineering, procurement and construction (EPC) contract by Chevron for the China Manufacturing Plant Project in Ningbo, Zhejiang Province, China. read...

S-Oil to Construct 1,500 KTA Mixed Feed Cracker Plant along with Olefin Downstream Facilities

South Korea: Petrochemicals

S-Oil to Construct 1,500 KTA Mixed Feed Cracker Plant along with Olefin Downstream Facilities

In line with the company’s expansion plans for petrochemicals, the firm will be investing more than 4.47 billion dollars in this project. The steam cracker will produce ethylene and other basic petrochemicals whereas the Olefin downstream facilities will produce an increased volume of high value petrochemical products. read...

Total Pulls Out of Multi-Billion Gas Project with Iran

Iran: US Sanctions

Total Pulls Out of Multi-Billion Gas Project with Iran

Due to the recently imposed sanctions by the US, French oil giant Total has officially quit a major gas project in Iran. read...

Conoco Signs 2 Billion Dollar Settlement Contract with Venezuelan State-Owned Oil Firm

Venezuela: Business Trade-off

Conoco Signs 2 Billion Dollar Settlement Contract with Venezuelan State-Owned Oil Firm

Under the International Chamber of Commerce judgement, Pdvsa has agreed to make initial payments of 500 million dollars within 90 days. The pending amount is expected to be paid on a quarterly basis in the next 4.5 years. read...

Petrofac Awarded EPC Contract by Basra Oil Company

Iraq: Oil Processing

Petrofac Awarded EPC Contract by Basra Oil Company

Petrofac has been awarded a contract worth around $ 370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), located in the Majnoon Field, Southern Iraq. read...

Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

Egypt: Oil & Gas

Eni Gets Approval for Offshore Exploration License in Mediterranean Sea

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

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

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...