Europe
KBR wins LBED contract for ammonia plant revamp in Russia
HOUSTON — KBR, Inc. announced that it has been awarded a contract by Dorogobuzh JSC (owned by JSC ACRON) to provide licensing and basic engineering design (LBED) to revamp an ammonia plant—originally built by KBR—located in the Dorogobuzh, Smolensk region of Russia.
Shell sees oil demand peaking by late 2020s as electric car sales grow
LONDON (Reuters) — The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell Chief Executive Ben van Beurden said on Thursday.
Oil prices rise as falling US inventories stoke rebalancing hopes
LONDON (Reuters) — Oil prices rose to near eight-week highs on Wednesday, as a fall in US inventories bolstered expectations that the long-oversupplied market was moving toward balance.
Electric cars win? Britain to ban new petrol and diesel cars from 2040
LONDON (Reuters) — Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of popular use of the fossil fuel-guzzling internal combustion engine.
Oil rallies 2% as Saudi promises to cut exports
LONDON (Reuters) — Oil rose by more than 2% on Tuesday after Saudi Arabia vowed to reduce exports from next month and OPEC called on members to boost compliance with agreed output cuts to help curb oversupply and support flagging crude prices.
Russia is top China oil supplier 4th straight month in June, longest streak ever
BEIJING (Reuters) — Russia was China's biggest crude oil supplier for a fourth straight month in June, its longest streak ever in the top spot, data from the General Administration of Customs showed on Monday.
Saudi calls OPEC members to stick to limits, sees oil demand up
ST PETERSBURG, Russia (Reuters) — OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs.
CGG GeoSoftware donates software suite to petroleum learning center in Russia
CGG GeoSoftware has donated a full suite of its software technologies to the Petroleum Learning Centre, a joint educational project of Tomsk Polytechnic University in Russia and Heriot-Watt University in Scotland.
MOL Group partners with Evonik, thyssenkrupp for Polyol Project
BUDAPEST — Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial transformational journey. The license agreements signed with Evonik and thyssenkrupp, will enable MOL to produce propylene oxide, a key component for the production of polyether polyols. MOL intends to become a significant producer of polyether polyols, high-value intermediates for products applied in the automotive, packaging and furniture industries.
Russia, Venezuela discuss Citgo collateral deal to avoid US sanctions
CARACAS/HOUSTON (Reuters) — Russia's top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, US-based refiner Citgo for oilfield stakes and a fuel supply deal—a move to avoid complications from US sanctions, two sources with knowledge of the negotiations told Reuters.
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
