Europe
Lukoil to bring Iranian oil to Romanian refinery
The Swiss trader will deliver 1 million bbl of Iranian Light grade to Lukoil's Petrotel refinery in Romania, loading at Iran's Kharg Island terminal on February 5.
Tanzania finalizes land deal for delayed LNG plant
BG Group, being acquired by Royal Dutch Shell , along with Statoil, ExxonMobil and Ophir Energy, plan to build the onshore LNG export terminal in partnership with the state-run Tanzania Petroleum Development Corp. (TPDC). They aim to start it up in the early 2020s.
European refining investors wary of downturn
Refining margins in northwest Europe averaged $14.5/bbl in 2015 and in the Mediterranean $12.7. But so far in 2016, margins have averaged $10.9/bbl and $10.6/bbl, respectively.
BG shareholders strongly back merger with Shell
BG will now merge with Shell on Feb. 15, nearly two decades after the company was born from British Gas and just a few months after it reached record oil and gas output.
BASF warns of lower-than-expected earnings
Low oil prices, normally a boon to chemical companies, hurt BASF's oil and gas business Wintershall, which accounted for 20% of its 2014 sales.
Praxair to expand Antwerp gases supply to Total, downstream users
Given the significant capacity and infrastructure investments made in the port over the past several years, there is growing demand in this region for nitrogen for blanketing and inerting of chemicals in storage.
Chevron looks to sell 75% stake in South African downstream business
In addition to the 110,000-bpd Cape Town refinery, Chevron also has interests in the Durban lubricants plant on the country's East Coast and a network of service stations.
Iran agrees to supply oil to Greek refiner Hellenic
The agreement was announced after Iran’s Deputy Oil Minister Amir Hossein Zamaninia had discussed potential energy co-operation with Greek Energy Minister Panos Skourletis earlier on Friday.
Linde to supply ethane, NGL extraction units for major Gazprom project
Linde will engineer and supply units for ethane and natural gas liquids (NGL) extraction and nitrogen rejection, as well as for helium purification, liquefaction and storage.
Rosneft, BP to dissolve German refining venture
After restructuring later this year, Rosneft will become a direct shareholder in the Bayernoil refinery and raise its stake in it to 25% from 12.5%, according to the report. Rosneft also plans to increase its stake in the MiRO refinery to 24% from 12%, and in the PCK refinery to 54.17% from 35.42%.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
