PdVSA seeks North Sea, Africa sweet oil to refine
The company, which also has long-term plans to build six upgraders to process heavy oil from the Orinoco belt, for now is focusing on a strategy of mixing imported light oils with its domestically produced crudes to create an export blend.
May 22, 2015Continue reading...Flowserve secures $18 million in orders for Talara refinery upgrade in Peru
The project, led by Spanish-based contractor Técnicas Reunidas, will modernize the Talara refinery and allow it to produce gasoline and diesel fuels that adhere to new Peruvian environmental standards. It is the first major pump installment in the refinery since the 1970s.
May 21, 2015Continue reading...Global LNG leaders see US transitioning to spot market as new plants arrive
When the first tanker carrying liquefied natural gas (LNG) from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.
May 21, 2015Continue reading...Chevron, Inpex face delays in starting Australian LNG projects
Chevron Corp. and Inpex Corp. face potential delays in starting liquefied natural gas projects in Australia, according to consulting firm Wood Mackenzie.
May 21, 2015Continue reading...Petronas-led group signs pact on $30 billion Canada LNG project
British Columbia and a group of companies led by Malaysia’s Petroliam Nasional Bhd. reached a preliminary deal on taxes and royalties for a proposed C$36 billion ($30 billion) liquefied natural gas project.
May 21, 2015Continue reading...UAE's Borouge says third phase expansion to reach full capacity by 2016
United Arab Emirates petrochemical firm Borouge said on Wednesday that the third phase of its expansion, which is set to raise its annual production capacity to 4.5 million tonnes of polyolefins, would be fully operational by 2016.
May 21, 2015Continue reading...Iran targets product sales to Asia with $2.8-billion Siraf refinery expansion
OPEC’s fifth-biggest crude producer plans to process condensate, a light oil extracted along with natural gas, into exportable products at the new refining units, said Ali-Reza Sadegh-Abadi, managing director of Siraf Refineries Infrastructure Co. The project is to be completed in three years.
May 21, 2015Continue reading...IPP solicits offers to buy, relocate methanol plant
IPP officials say the plant is in excellent operating condition and was only shut down due to high feedstock (natural gas) costs in its current location. Major modifications through 2009 have increased both the flexibility of the plant's operation and reliability.
May 20, 2015Continue reading...ENVIA Energy venture breaks ground on new GTL plant in Oklahoma City
ENVIA Energy has entered into the main contracts for the project, procurement of all major equipment has been completed and fabrication of the Fischer-Tropsch reactors and plant modules are underway. Commercial operation is expected in the first half of 2016.
May 18, 2015Continue reading...Cheniere approves construction of two LNG trains for Corpus Christi exports
The CCL project is designed for up to three trains with expected aggregate nominal production capacity of approximately 13.5 metric MMtpy; three LNG storage tanks with a combined capacity of approximately 10.1 Bcfe; two LNG carrier docks; and a 22-mi, 48-in. natural gas supply pipeline.
May 18, 2015Continue reading...
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