Asia/Pacific
IEA lowers estimate for 2011 oil demand growth
The International Energy Agency (IEA) lowered its projection for global oil demand growth in 2011, falling by 190,000 bpd, or 0.2%, from an earlier estimate.
Majority of energy execs see crude exceeding $120/bbl in 2011 - survey
Energy executives expect continued volatility in the price oil for the remainder of the year, with 64% predicting crude prices to exceed $120/bbl in 2011, according to a new survey.
Foster Wheeler wins design, EPC contract for Thailand refinery upgrade
Thai Oil awarded a contract to Foster Wheeler AG for basic design as well as engineering, procurement and construction management (EPCm) services for the emission improvement and PSA-3 project at Thai Oil’s refinery in Sriracha, Thailand.
Chevron inks Australia LNG supply deal with Japan refiner JX Nippon
An Australian subsidiary of Chevron has signed a sales and purchase agreement with Japan’s JX Nippon Oil and Energy for a portion of Chevron's offtake of liquefied natural gas (LNG) from the Gorgon project.
Consultancy KBC predicts global refining margins under pressure through 2015
Energy consultancy KBC Advanced Technologies foresees global refining margins continuing under pressure as recovering global demand is met by a wave of new refining capacity construction, keeping global refining utilisation rates at around 85% of nameplate capacity at least through 2015.
India plans to raise capacity at Bina refinery to 9mn tons/year - reports
India’s state-owned Bharat Petroleum (BPCL) will raise capacity at its Bina refinery in Madhya Pradesh to 9mn tons/year, reports indicated on Friday.
Technip awarded engineering contract for Australia gas complex
Technip was awarded a reimbursable contract for engineering work and services related to procurement and construction management for the Macedon gas project located near Onslow in northwest Australia.
Linde to build large hydrogen plant with China JV
Linde will build and operate a large hydrogen and synthesis gas plant in the Chongqing Chemical Park in western China in a joint enterprise with Chongqing Chemical & Pharmaceutical Holding Co. (CCPHC), the engineering and technology firm announced.
Siemens wins supply contracts for topside solutions on FPSO project in Brazil
Siemens Energy has been awarded several contracts for the supply of topside solutions including power generation, water injection and power distribution packages for a Brazilian FPSO (floating, production, storage and offloading) project.
Deferred maintenance causes upsurge in pump failures
Not addressing the root cause of a failure puts resources and employees at risk
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities 11/21
