Europe
Lithuania hopes for closer energy ties with Poland after PKN deal
VILNIUS (Reuters) — A deal between Poland's biggest oil refiner PKN Orlen and Lithuanian Railways agreed on Wednesday on new fees for transporting oil products could pave the way for more cooperation between the two countries on energy projects.
Metso signs distribution agreement with Process Control Equipment
Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso's Neles and Jamesbury product families for all process industries in all countries. PCE has been distributing Metso's Jamesbury valves in the UK since 2012.
Cyber attack hits oil giant and banks in Russia and Ukraine
MOSCOW/KIEV (Reuters) — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms.
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
Gunvor refinery completes modernization project with Implico
HAMBURG/INGOLSTADT — Software and consulting company Implico announced the successful completion of a major modernization project for loading processes at the Gunvor refinery in Ingolstadt. Field equipment for tank truck filling was replaced on all 12 loading bays. Work on the project was completed early this year.
Total launches second ‘Plant 4.0’ incubator on IIoT with five new partners
PARIS — Total is today launching its second Plant 4.0 start-up incubator, joined this year by Air Liquide, AREVA, Eiffage, Solvay and VINCI Energies. This is the very first multicorporate Plant 4.0 start-up incubator in the world. The partners’ common goal is to accelerate the deployment of digital technology in industry.
Poland's PKN, Lithuania's railways to sign transport fees deal
WARSAW (Reuters) — The Lithuanian unit of state-run Polish refiner PKN, Orlen Lietuva, and Lithuanian railways firm Lietuvos Gelezinkeliai will on Wednesday sign an agreement in Vilnius ending a long dispute over PKN's costs for fuel transportation in Lithuania, Puls Biznesu daily said quoting unnamed sources.
Germany to create national diesel forum to cut emissions
BERLIN (Reuters) — Germany's transport and environment ministers announced a joint plan on Tuesday to find ways to reduce pollution from diesel engines, which has become a sensitive subject since the Volkswagen emissions scandal.
Oil holds above November lows but under threat from US supply
LONDON (Reuters) — Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in US supply and bloated global inventories.
Wood Group extends Librestream collaboration on O&G digital solutions
Wood Group has signed an extension to its collaborative agreement with Canadian technology company Librestream Technologies to continue its exclusive industry partnership, providing advanced digitally-enabled solutions for oil and gas customers.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
