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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...

Adnoc Aims to Improve Business Relations with Japan

UAE/Japan: Energy Prospects

Adnoc Aims to Improve Business Relations with Japan

08/10/2018 - 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...

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...

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

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...

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...

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...

Lukoil Begins Production of Bitumen in Perm Refinery

Russia: Asphalts

Lukoil Begins Production of Bitumen in Perm Refinery

The plant is expected to produce 2,400 metric tonnes of bitumen per day. The product assures extended life and advanced durability of materials, thus complying with new national standards. read...

Exxon Mobil Plans to More than Double Earnings Potential by 2025

USA: Growth Plans

Exxon Mobil Plans to More than Double Earnings Potential by 2025

Exxon Mobil plans to more than double earnings potential by 2025 while addressing the risks of climate change through continued research into breakthrough lower-carbon technologies, Chairman and Chief Executive Officer Darren Woods told shareholders during the company’s annual meeting. read...

Toyo Wins Contract for Petrochemical Project in Indonesia

Indonesia: Construction Project

Toyo Wins Contract for Petrochemical Project in Indonesia

Toyo Engineering has been awarded a construction project by PT Chandra Asri Petrochemical Tbk (CAP) and its subsidiary PT Petrokimia Butadiene Indonesia (PBI). read...

LNG Canada Project May Add Petronas for Equity Position

Canada: Gas Reserves

LNG Canada Project May Add Petronas for Equity Position

The LNG Canada project aims at building a LNG export facility in Kitimat, British Columbia, Canada. Petronas may join in the project if the company meets all the regulatory approvals and closing conditions. read...

Shell Commences Early Production of Subsea Development in Gulf of Mexico

USA: Oil Production

Shell Commences Early Production of Subsea Development in Gulf of Mexico

The company has managed to reduce costs by around 30 % for the Kaikias deep-water project and is expecting the Gulf of Mexico to produce an estimated peak production of 40,000 barrels of oil equivalent per day. read...

Petronas Joins Kitimat LNG Project

Canada: Liquefied Natural Gas

Petronas Joins Kitimat LNG Project

Petronas will take an equity position in LNG Canada, located in Kitimat, British Columbia on the west coast of Canada, through its wholly owned entity the North Montney LNG Limited Partnership, subject to regulatory approvals and closing conditions, announced Shell Canada Energy, Petro China Kitimat LNG Partnership, Diamond LNG Canada and Kogas Canada LNG. read...

Petronas Makes First LNG Cargo Sale through Online Trading Platform

Malaysia: Digitalisation

Petronas Makes First LNG Cargo Sale through Online Trading Platform

With this deal, the Malaysian company has made a strong statement about its plans to use innovation and digitalisation to contribute towards a more transparent and efficient LNG market place. read...

ISPRL Announces Unloading of Maiden Crude Oil Shipment from Adnoc for Strategic Reserve

India: Oil Collaboration

ISPRL Announces Unloading of Maiden Crude Oil Shipment from Adnoc for Strategic Reserve

The move comes in the background of a deal signed between both the companies for storage of 5.86 million barrels of Adnoc’s crude oil in underground facilities at Mangalore, Karnataka. The first shipment was of approximately 2 million barrels of crude oil. read...

Invista’s Latest P8 PTA Technology Implemented in Jiaxing Petrochemical’s Second Line

China: Specialised Technology

Invista’s Latest P8 PTA Technology Implemented in Jiaxing Petrochemical’s Second Line

The technology has enabled Jiaxing Petrochemical’s second PTA Line to operate consistently with a variable cost performance that is way better than its estimated target. read...

Lyondell Basell Spheripol Technology Chosen for World’s Largest Single Train Polypropylene Units

China: Process Technology

Lyondell Basell Spheripol Technology Chosen for World’s Largest Single Train Polypropylene Units

Fuijan Zhongjing Petrochemical has selected the specialised technology for two of its 600 KTA PP units in China. read...