Europe
BP report warned of terrorism risk in Algeria, Africa
The reports, which were seen by The Wall Street Journal, anticipate the emergence of groups like the one that launched a deadly attack against the plant in In Amenas, Algeria, which BP operates in a joint venture with Algerian state-oil company Sonatrach and Norway's Statoil.
Foster Wheeler signs technology pact with Shell for global downstream work
Under this agreement, Shell may request Foster Wheeler to provide support in basic engineering packages for the following technologies: distillation, hydrocracking, hydrotreating, thermal conversion, ethylene oxide, pyrolysis gas, fluid catalytic cracking and CANSOLV sulfur dioxide scrubbing.
Lukoil picks Tecnicas Reunidas for upgrade project at Volgograd refinery
Lukoil and Tecnicas Reunidas will construct a vacuum gasoil light hydrocracker unit with an annual capacity of 3.5 million metric tons and up to 75% conversion ratio, a combined sulphur production unit and hydrogen production facilities at the refinery that is about 1,000 kilometers south of Moscow.
IEA lowers forecast for global oil demand growth, warns of China slowdown
In its closely-watched monthly report on the oil market, the watchdog agency cut its oil demand growth forecasts for the coming year by a marginal 90,000 bpd, but warned that recent signs of recovery in the global oil demand could be the result of one-off factors, rather than sustained improvement.
Exxon, Rosneft mull LNG plant in Russian Far East
ExxonMobil and Rosneft began their alliance in 2011. The companies are planning to conduct a feasibility study on constructing an LNG plant on the island of Sakhalin off Russia's Pacific coast. Rosneft is lobbying to be allowed to export LNG, which currently only OAO Gazprom is permitted to do by law.
Honeywell to supply process control systems for Kirishi refinery in Russia
Experion PKS will help to optimize production processes by providing the tight integration of production subsystems as well as safety, industrial security and advanced control systems, enabling plant operators to work more effectively and make more informed decisions, according to the companies.
Essar Energy sees continued strong performance at India, UK refineries
In a mangement statement, Essar said gross refining margins at its Vadinar refinery in India rose to $9.75/bbl for the final 2012 quarter, compared with $2.82/bbl for the same time a year earlier, thanks to refinery upgrades that allow it to process larger amounts of oil as well as cheaper grades.
Swiss, Egyptian groups make top bids for Petroplus oil refinery in France
The Petit-Couronne refinery in Western France, now in receivership, was among a string of industrial facilities new French President Francois Hollande had promised to protect before being elected. The two bids deemed serious come from investors in Egypt and Switzerland, the newspaper said.
ABB to extend eni Taranto refinery export terminal
The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. ABB is responsible for the engineering, procurement and construction of the new installation, including project management and pre-commissioning.
Neste Oil to expand Porvoo refinery in Finland with new isomerization unit
The investment, valued at €65 million, is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 tpy. Construction will begin this year, and the unit is due to come on stream in spring 2015.
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- TotalEnergies and Bapco Energies launch BxT Trading, a new player in the trading of petroleum products in the Middle East 1/14
- Advent Technologies and Airbus expand fuel cell technology for the aviation industry 1/14
- Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms 1/14
- Moeve supplies SAF to Condor flights from Tenerife South Airport to several German cities 1/14
- Chinese refiners' 2025 oil imports, December inflows both hit record highs 1/14
