Refining
IEA cuts 2011 oil demand outlook on soft economy
The International Energy Agency (IEA) opted Wednesday to lower its 2011 forecast for oil demand growth, citing high energy prices and lower-than-expected economic growth. The agency cut its demand forecast for the year by 60,000 bpd to 89.5 million bpd.
Chevron starts deepwater drilling project in Nigeria
Pacific Drilling S.A. announced that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10. The rig is contracted for three years to a wholly-owned Chevron subsidiary.
Air Products inks new hydrogen supply agreement with Motiva refinery in Louisiana
Air Products has agreed to a long-term deal with Motiva to supply additional hydrogen for Motiva’s Convent refinery in Louisiana. The hydrogen supply, which has already commenced, is from Air Products' industry-leading Gulf Coast hydrogen pipeline supply network that serves multiple refinery and petrochemical companies in the region, the company said.
Foster Wheeler starts second phase of Colombia refinery modernization
Foster Wheeler has begun the second phase of its existing contract with Ecopetrol S.A. for a refinery modernization project at Barrancabermeja (PMRB) in Colombia.
Honeywell, Foster Wheeler technology selected for Oman refinery expansion
Honeywell’s UOP announced Tuesday that Oman Oil Refineries and Petroleum Industries (Orpic) has selected UOP/Foster Wheeler technology to help process heavy oil and expand fuel and petrochemicals production at a refinery in Sohar, Oman.
Air Products to supply hydrogen for Shell Deer Park refinery in Texas
Air Products announced a long-term agreement with Shell Oil to supply a significant portion of the hydrogen requirements at Shell's refinery in Deer Park, Texas. The hydrogen supply will commence in mid-2013, the company said.
Solazyme, Bunge JV plots Brazil renewable oil plant
US-based renewable oil and bioproducts company Solazyme has entered into a framework agreement with agribusiness firm Bunge for a joint venture focused on the production of triglyceride oils in Brazil. The venture anticipates building a 100,000 tpy renewable oil production facility located at a Bunge owned sugar cane mill in Brazil, it said.
LUKOIL awards Baker Hughes engineering contract for Iraq drilling project
LUKOIL has awarded Baker Hughes a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq, 31 miles west of Basra. Under the terms of the contract, Baker Hughes will provide engineering and project management for the turnkey drilling and completions scope of the project.
Tethys Petroleum begins Kazakhstan oil production
Tethys Petroleum has opened its Doris oil production facilities in Kazakhstan, company officials said on Monday. Oil is currently being trucked from this location at a rate of approximately 1,500 bpd, which will increase to 2,000-2,500 bpd with the new production facilities, the company said.
NuStar, EOG to build rail offloading facility at Louisiana crude terminal
NuStar Logistics and EOG Resources have agreed to jointly develop, build and own a 70,000-bpd unit train offloading facility at NuStar’s crude oil terminal in St. James, La. The project will facilitate movement and storage of crude oil production from the Bakken, Eagle Ford and other developing shale plays in the US, the companies said.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
