Africa
Alfa Laval awarded heat exchanger order for West African refinery
LUND, Sweden -- Alfa Laval has won an order to supply Alfa Laval Packinox heat exchangers to a refinery in West Africa. The order, booked in the Welded Heat Exchangers unit of the Energy Division late March, has a value of approximately SEK 55 million and delivery is scheduled for 2017 and 2018.
Nigeria oil tanker drivers to strike over low wages, poor roads
ONITSHA, Nigeria (Reuters) -- Nigerian oil tanker drivers will go on strike from April 3 over low wages and poor roads, said a labor union official on Sunday, threatening to choke off supply until their requests are met.
Tanzania hikes fuel prices on weaker currency, crude costs
DAR ES SALAAM (Reuters) -- Tanzania's energy regulator raised maximum retail prices of petrol and diesel on Monday, citing higher international costs for both crude and refined products and a weaker local currency, a move expected to exert upward pressure on inflation.
Business Trends: Standardized modularization—Drivers, challenges and perspectives in the oil and gas industry
Modularization is an alternative way of performing engineering aimed to reduce the number of interfaces, the total installed cost (TIC) and overall schedule length of a project, while optimizing the return on investment (ROI) and allowing standardization for similar future projects.
Industry Perspectives: What is the solution to comply with the IMO’s Global Sulfur Cap regulation?
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%.
Refining: Uncertainty grips South Africa’s Clean Fuels Program
The planned upgrading of oil refineries in South Africa to produce Euro 5-specified fuels will likely take longer than initially anticipated.
Editorial Comment: Petrochemical project announcements top $80 B since 2014
Although new petrochemical project announcements have fallen over the past 3 yr, the global petrochemical sector will continue to see strong growth through the end of the decade.
Nigeria to send oil governance bill to Senate on April 25
ABUJA (Reuters) -- Nigeria will send its oil governance bill to the Senate on April 25, a spokesman said on Thursday, the latest step in efforts to overhaul the energy sector in Africa's largest economy.
China's Sinopec buys first major African refinery in Chevron deal
BEIJING (Reuters) -- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
Sinopec nears deal to buy Chevron's South African assets
NEW YORK/SINGAPORE (Reuters) -- China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
