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IOC greenlights plan to expand Panipat refinery
le 02/03/2021 à 8:26
Indian Oil Corp. Ltd. is moving forward with a previously announced plan to expand its 15-million tonnes/year integrated Panipat refining and chemical complex in Haryana, India, north of New Delhi.
Prax concludes purchase of Total’s UK refinery, downstream assets
le 02/03/2021 à 4:34
Prax Group has completed its proposed acquisition of Total SE’s UK downstream business, including subsidiary Total Lindsey Oil Refinery Ltd.’s 109,000-b/d refinery in North Killingholme, Immingham, Lincolnshire, and associated logistics assets.
Valero starts up new unit at St. Charles refinery
le 01/03/2021 à 6:55
Valero Energy Corp. has commissioned a new alkylation complex based on novel proprietary process technology from Lummus Technology LLC at subsidiary Valero Refining New Orleans LLC’s 340,000-b/d St. Charles refinery in Norco, La.
ConocoPhillips, 3D Oil JV to run seismic offshore Tasmania
le 01/03/2021 à 4:10
ConocoPhillips Australia and its joint venture partner, 3D Oil Ltd., Melbourne, contracted Shearwater Geoservices to run a 3D seismic survey over permit T/49P in the Tasmanian sector of the offshore Otway basin.
Hengyi lets contract for aromatics expansion at Brunei complex
le 25/02/2021 à 6:31
Hengyi Industries Sdn. Bhd. has let a contract to UOP LLC to deliver a suite of technologies to expand aromatics production at Hengyi's 8-million tonnes/year integrated refining and petrochemical complex on Pulau Muara Besar island in Brunei.
WoodMac: IOCs emerge from ‘toughest year’ primed for record free cash flow
le 25/02/2021 à 4:46
International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow, and may generate record figures this year should oil prices average $55/bbl, according to analysis from Wood Mackenzie. Spot Brent is currently $67/bbl.
Aramco lets contract for new unit at Shaybah gas plant
le 25/02/2021 à 4:25
Saudi Aramco has let a contract to Wison Engineering Services Co. to provide EPC services for an upgrading project at Aramco’s existing NGL recovery plant in Shaybah oil field in the Empty Quarter of the Arabian Peninsula, southeast of Saudi Arabia.
Ethanol, biomass-based diesel RIN prices approaching all-time highs
le 24/02/2021 à 7:51
Prices of the RIN credits—the compliance mechanism of the RFS program administered by the US Environmental Protection Agency—have been rising steadily in recent months and are close to the highest nominal level in the history of the program.
Lukoil’s Sicilian refinery lets contract for hydrotreater revamp
le 23/02/2021 à 7:11
ISAB SRL has let a contract to DuPont Clean Technologies to provide technology licensing for the upgrade of an existing processing unit to enable production of ultralow-sulfur fuel at its refinery in Sicily’s eastern province of Syracuse.
Calumet considers renewable diesel project for Montana refinery
le 23/02/2021 à 6:03
Calumet Specialty Products Partners LP is evaluating the potential reconfiguration of an existing hydrocracker to enable production of renewable diesel at subsidiary Calumet Montana Refining LLC’s 30,000-b/d refinery in Great Falls, Mont.
IOC dedicates new unit at Bongaigaon refinery
le 22/02/2021 à 8:06
Indian Oil Corp. Ltd. has officially commissioned the new INDMAX fluid catalytic cracking (FCC) unit at its 2.35 million-tpy Bongaigaon refinery at Dhaligaon, Chirang District, in India’s northeastern state of Assam, about 200 km west of Guwahati.
Oil Search’s Pikka Project enters FEED
le 22/02/2021 à 4:07
Oil Search has begun front-end engineering and design (FEED) stage for Phase 1 of its Pikka oil development on the North Slope of Alaska.
Ecopetrol plans major upgrades at Barrancabermeja refinery
le 19/02/2021 à 6:14
State-owned Ecopetrol SA is investing nearly $780 million during the next 2 years on a series of projects aimed at ensuring operational and environmental sustainability of its 250,000-b/d Barrancabermeja refinery in Santander, Colombia.
Neptune increases German production portfolio with Wintershall deal
le 19/02/2021 à 5:08
Neptune Energy has agreed to acquire interests in several oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany from Wintershall DEA.
Gazprom’s Amur gas processing plant 72% complete
le 18/02/2021 à 6:35
PJSC Gazprom has completed 72% of construction activities on subsidiary OOO Gazprom Pererabotka Blagoveshchensk's 42 billion-cu m/year grassroots Amur natural gas processing plant near Svobodny in Russia’s far-east Amur region.
Big Oil incurred record loss in 2020
le 18/02/2021 à 6:16
The downturn brought by the COVID-19 pandemic and the accelerating energy transition has created a new reality for the world’s oil and gas industry, whose production will peak lower and earlier than expected, according to Rystad Energy.
Parkland Fuel’s Burnaby refinery to expand renewables coprocessing
le 18/02/2021 à 5:46
Parkland Fuel is expanding coprocessing of Canadian-sourced canola and tallow biofeedstocks with conventional crude oil in 2021 by nearly 125% from 2020 at a subsidiary's refinery on Burrard Inlet in North Burnaby, near North Vancouver, BC.
NRL lets contract for new units at Numaligarh refinery
le 18/02/2021 à 5:27
Numaligarh Refinery Ltd.has let a contract to Axens Group to deliver technology licensing for a series of new units in the gasoline-production block to be built as part of the expansion of its Numaligarh refinery in far-northeastern India.
Energy Transfer to acquire Enable Midstream in $7 billion equity deal
le 17/02/2021 à 5:21
Energy Transfer LP has agreed to acquire Enable Midstream Partners LP in an all-equity transaction valued at $7.2 billion.
Senex reaches nameplate production at Atlas CSG project
le 17/02/2021 à 4:13
Senex Energy Ltd., Brisbane, has reached nameplate capacity production of 32 terajoules/day of gas (12 petajoules/year) at its Atlas coal seam gas project in the Surat basin of southeast Queensland.
Beach Energy confirms resource size for Enterprise discovery
le 15/02/2021 à 4:26
Beach Energy Ltd., Adelaide, has confirmed gas and condensate reserves in its Enterprise-1 discovery in inshore waters of the Otway basin of western Victoria.
Egypt’s Sidpec advances expansion of Alexandria petrochemicals complex
le 12/02/2021 à 6:46
Sidi Kerir Petrochemicals has implemented process automation improvements from Honeywell International to upgrade production capabilities as part of the expansion of its petrochemical complex in the El-Amerya—El-Nahda Territory of Alexandria.
ARC Resources, Seven Generations combine to create pure-play Montney producer
le 11/02/2021 à 6:01
ARC Resources Ltd. and Seven Generations Energy Ltd. have agreed to merge in an all-share transaction valued at $8.1 billion (Can.), inclusive of net debt.
Galilee Energy CSG pilot reaches 50 Mcfd flow rate
le 11/02/2021 à 4:25
Galilee Energy Ltd., Brisbane, has reached an aggregate flow rate of 50 Mcfd in the 11 wells comprising its Glenaras coal seam gas pilot project northeast of Longreach in the Galilee basin of central Queensland.
EIA forecasts lower oil prices later in 2021 on rising supply
le 10/02/2021 à 5:41
The US Energy Information Administration expects Brent crude oil prices will average $56/bbl in first-quarter 2021 and $52/bbl over the remainder of the year.