Already a leader in crude oil exports, the Middle East is making a deliberate move to increase its participation in the refined and petrochemical products markets. It is likely that the ME will continue to add downstream projects. Refining capacity will center on domestic demand and export opportunities to Asia-Pacific and Europe.
Shell to become largest LNG player with €47-B BG Group acquisition Royal Dutch Shell’s agreement to purchase BG Group for approximately €47 B in cash and shares is the oil and gas ..
Global product markets and refinery margins, particularly in the US, have seen steady improvement since January. Worldwide gasoline demand has soared in recent months in both OECD and non-OECD regions..
Cornelius Weitzmann has been appointed managing director of the Power, Oil & Gas business division at Voith Turbo GmbH & Co. KG. He will be taking over from Matthias Grawe, who is leaving the company...
Honeywell will maintain control systems for Sasol CTL complexHoneywell Process Solutions (HPS) has signed a five-year agreement to support Sasol’s synthetic fuels and chemicals facility in Secund..
US commercial crude oil inventories are at elevated levels and are expected to increase. Lower crude oil prices have supported consumption in developed economies, removed budgetary constraints in emer..
Michele McNichol has been appointed CEO for Wood Group Mustang, succeeding Steve Knowles, who retired April 1. Ms. McNichol has been with WG Mustang since 2001 in roles that included executive VP, res..
Labor union strike affecting US refining industryThere is no end in sight to the United Steelworkers Union (USW) strike affecting several US refineries. The USW has filed unfair labor practices charge..
The global market is experiencing a potential temporary recovery from a prolonged decline, possibly followed by the continuation of the downtrend. This is reflected in continued growth in the US tight..
The Gas Processors Association (GPA) has hired Matthew Hite as VP of government affairs to lead GPA’s federal advocacy activities and open the GPA Office of Federal Affairs in Washington, DC.