Europe
Odfjell SE purchases chemical tanker in second-hand transaction
Odfjell SE is pleased to announce the purchase of M/T Argent Eyebright. The vessel was built in November 2009 by Kitanihon Shipbuilding in Japan.
Chevron increases organosulfur capacity at Tessenderlo facility
Chevron Phillips Chemical Company LLC has expanded its Tessenderlo, Belgium plant by debottlenecking its production unit for Ethyl Mercaptan (EM) and Tetrahydrothiophene (THT).
WorleyParsons awarded framework agreement by Refining NZ
Refining NZ has awarded WorleyParsons a 5-yr framework agreement for performance of engineering, procurement, shutdown and construction management services (EPCm) at the Marsden Point Refinery.
OPEC extends oil output cut by nine months to fight glut
VIENNA (Reuters) — OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
Shell shareholders reject emissions target proposal
THE HAGUE (Reuters) — Royal Dutch Shell shareholders on Tuesday widely rejected a proposal by an environmental group calling for the oil company to set and publish annual targets to reduce carbon emissions.
DONG Energy to sell oil, gas business to Ineos for $1.3 B
COPENHAGEN (Reuters) — Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 B, it said on Wednesday, the latest in a string of North Sea deals.
OPEC set to prolong oil cuts as delegates predict smooth meeting
VIENNA (Reuters) — OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
WorleyParsons signs framework agreement with Shell for EPCM services
WorleyParsons announces today that it has been awarded a 5-yr Framework Agreement by Shell Global Solutions International, B.V., for the provision of engineering, procurement and construction management (EPCM) services for Shell downstream projects worldwide.
Rosneft cuts oil output with an eye to ramping up again
MOSCOW (Reuters) — Russia's Rosneft is ready to resume full oil output quickly once OPEC-led cuts end as the country's top producer has focused its own cuts on newer fields, its chief executive has said.
Mexico says supports OPEC cuts as way to stabilize oil market
VIENNA (Reuters) — Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday.
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