Middle East
ConocoPhillips to spin off downstream business
ConocoPhillips’ board of directors has approved the separation of the company’s Refining & Marketing and Exploration & Production businesses into two stand-alone, publicly traded corporations via a tax-free spin of the refining and marketing business to shareholders.
Saudi Aramco awards Foster Wheeler group with Riyadh refinery clean fuels project
Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co. (SOFCON), has been awarded a contract by Saudi Aramco for front-end engineering design (FEED) and project management services for the clean transportation fuels project at the Riyadh refinery in Saudi Arabia.
Oil and gas software firm DNV buys rival Synergi
DNV has acquired Synergi Solutions, enlarging its present software portfolio extensively together with 30 new employees, the oil and gas industry software firm said on Wednesday.
Axens, Gentas to build hydroprocessing catalyst plant in Saudi Arabia
Axens and Shoaibi Group company GENTAS will build a world-scale hydroprocessing catalyst production plant in Saudi Arabia.
Engineering firm ITT inks products, services deal with Saudi Aramco
Saudi Aramco and ITT Corp. signed a comprehensive seven-year strategic partnership agreement for ITT to provide products and services to the Saudi oil producer, the companies said on Tuesday.
Mississippi ranked as world's top spot for oil and gas investment
Mississippi is ranked as the top place in the world for oil and gas investment, according to the opinions of international petroleum executives and managers in the annual Global Petroleum Survey, released today by the Fraser Institute.
Release of strategic oil reserves: New form of economic stimulus
On June 23 International Energy Agency (IEA) members announced the release of 60 million barrels of strategic oil reserves over a month—the equivalent of 2 million barrels per day (bpd) for 30 days. Half of this amount—30 million barrels—will come from the US Strategic Petroleum Reserve (SPR), which currently holds 726.5 million barrels of crude. The release of 60 million barrels over 30 days will temporarily increase world oil supply by about 2.3 percent.
Honeywell’s UOP to build propane dehydrogenation unit at Takreer UAE refinery
Honeywell’s UOP said it was selected by the Abu Dhabi Oil Refining Co. (Takreer) to provide key technology for a new petrochemical production unit in the United Arab Emirates.
IEA nations to tap oil reserves as supply disruptions continue in Libya
International Energy Agency (IEA) executive director Nobuo Tanaka announced Thursday that the 28 IEA member countries have agreed to release 60 million bbl of oil in the coming month in response to the ongoing disruption of oil supplies from Libya.
KBR, Shell to align on hydroprocessing technology
KBR and Shell have formed a new alliance in which KBR will market, sell and provide technology and design packages with Shell for hydroprocessing solutions worldwide.
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
- Technip Energies invests in Verso Energy’s DEZiR eSAF project in Rouen 3/20
- Honeywell’s commercial launch of AI-powered control room assistant follows successful pilot 3/20
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
