Manoir to equip refinery hydrogen furnaces for KNPC’s clean fuel project
The Manoir Industries deliveries are part of the KNPC's strategic Clean Fuel Project, which aims at upgrading the hydrogen production volume of integrated refinery plants so as to enhance the refinery's production capacity and reduce the sulfur content of their petrochemical products.
July 6, 2015Continue reading...Industrial Cooling Solutions wins major Malaysia refinery, cracker contract
The concrete, back-to-back counterflow cooling tower will play a critical role in the development of the RAPID refinery by reducing power use while maintaining optimum plant efficiency for maximum output.
July 6, 2015Continue reading...Total opens new Singapore lube oil blending plant
With a population of more than 4 billion, Asian demand for lubricants is expected to grow by 18% and reach 20 million tons by 2025, almost the half of the world’s global demand.
July 6, 2015Continue reading...Trans-Asia Oil Refinery in Offering After BYCO
A private sector petroleum company Trans-Asia is going to set up a refinery having capacity to develop 100,000 barrels oil per day (bpd) followed by the Byco that had established the country’s largest production unit in Balochistan in second week of the current month. Setting up of back-to-back oil refineries speak about the present government’s seriousness towards resolving the energy crisis and achieving self-sufficiency in this sector, official sources in the Ministry of Petroleum and Natural Resources said while talking to media.
July 2, 2015Continue reading...Design work on Woodside's Browse floating LNG project to start
Woodside Petroleum has persuaded its partners to commit to detailed engineering design work on their $40 billion Browse floating liquefied natural gas project in Western Australia but faces an uphill task to reduce costs and find customers.
July 2, 2015Continue reading...Pertamina to invest $25b for refinery upgrades
State-owned oil and gas company Pertamina said on Thursday that it planned to invest up to US$25 billion to upgrade its four main oil refineries across the country to meet increasing demand.
July 2, 2015Continue reading...CB&I to build Ingleside ethylene storage facility
The scope of work consists of the surface facilities—including compression, dehydration, metering and associated pipe fabrication—at the salt cavern storage location. The storage facility is integral with the Ingleside ethylene cracker, where CB&I is providing the license for the ethylene technology.
June 30, 2015Continue reading...Magellan, LBC to Build Oil Storage Terminal Near Houston
Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and LBC Tank Terminals, LLC (“LBC”) announced Monday that they have formed a 50/50 limited liability company Seabrook Logistics, LLC (“JV”), to own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area.
June 30, 2015Continue reading...Spain’s Repsol courts investors by touting strong downstream operations
The company’s refining margin, a measure of profits from turning crude oil into fuel, reached $8.7/bbl in the first quarter, making it the highest among European producers fully focused on Europe.
June 30, 2015Continue reading...Consultants question if 2015’s high global refining margins are sustainable
In 2015, however, the game changed as the global oversupply triggered a crude price collapse, resulting in healthier refining margins – year-to-date averages in Europe are $9, $12 in Asia and $20 in the US.
June 30, 2015Continue reading...