Europe
HP Impact: Global oil flows shift from West to East
By 2020, crude oil trade flows west of Suez will drop by 4.2 MM bpd, while crude flows east of Suez will rise by 4.7 MM bpd (Fig. 1), according to a recently published report from ESAI Energy. The pri..
HP Impact: UK consumers buying less fuel at the pump
In the last 10 years, average UK fuel prices have almost doubled, rising from 73.68 p/l to 136.26 p/l for unleaded gasoline, and 75.57 p/l to 142.39 p/l for diesel. The latest retail marketing survey,..
HP Associations: EMGC 2013 explores Eastern Mediterranean resource potential
Gulf Publishing Company held its inaugural Eastern Mediterranean Gas Conference (EMGC) at the Hilton Cyprus in Nicosia, Cyprus, from April 8–10. The event surpassed expectations in terms of both ..
Uganda eyes 120,000 bpd pipeline to export crude
The country is also planning to build a 30,000 bpd refinery to produce refined fuel products for the local market, allowing the pipeline to transport additional crude to export markets through neighboring Kenya, according to Kalisa Kabagambe, the ministry's permanent secretary.
Rosneft, Mitsui plan Russia Far East olefins project
The processing capacity of the Far East petrochemical complex is planned at 3.4 million tpy of hydrocarbon feedstock, predominantly naphtha. The capacity of ethylene and propylene production unit is planned at 2 million tpy. Rosneft and Mitsui expect the complex to start up in 2017.
Neste Oil to upgrade heaters at Porvoo refinery
As part of the investment, fired heaters at the refinery's crude distillation unit will be replaced with new-generation heaters, which Neste says will help ensure more consistent, incident-free operations at the site and yield annual energy savings worth an estimated €4 million.
Gazprom in talks with Petrovietnam for long-term LNG supply contract
Gazprom, the world's largest extractor of natural gas, plans to lift sales to Asia to help offset a drop in demand and regulatory troubles in its most lucrative market, Europe. It is planning to build a gas liquefaction plant in Vladivostok on Russia's Pacific coast. Potential financial terms weren't disclosed.
UK lawmakers to investigate decline in refining
The Energy and Climate Change Committee, appointed by parliament to examine government expenditure, administration and policy, said it was seeking evidence on what must be done to maintain a suitable baseline level of capacity. The UK had 18 oil refineries in the late 1970s, but has just 7 in 2013.
Executives predict shale boom in Russia and China, but Europe lags behind
Torbjorn Tornqvist, chief executive of trading house Gunvor, said Wednesday it was clear that shale production on a scale similar to that in the US is possible in several of the world's biggest current energy producers and consumers -- but that Europe is unlikely to be transformed by it.
IEA warns of no progress on clean energy goals
The IEA estimates that a cut in the carbon emissions per unit of energy of more than 60% is needed to prevent global average temperatures rising by more than two degrees Celsius in the long term, and maintaining current levels would yield a temperature increase of six degrees Celsius.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
