Middle East
IEA predicts sharp rise in global refining production
Refiners are poised to ramp up production after seasonal spring maintenance and expected stronger demand for oil products through the summer, the IEA says. Fuel demand traditionally picks up in the northern hemisphere summer but especially in the US, the world's largest oil consumer.
Qatar looks to buy stakes in oil giants Shell, Eni
Qatar's sovereign wealth fund, continuing its recent splurge on overseas assets, is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and Italy's Eni. Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in Qatar, and a 3% stake in Italian oil giant Eni.
OPEC boosts group oil production to highest level since '08 recession
Acting to dampen market nervousness amid Iran supply fears, OPEC on Thursday said it was pumping more oil than the market needs - at levels not seen since summer 2008 - and signaled demand destruction had been halted for now. Crude production was up 317,000 bpd month on month.
Siemens breaks ground on new Saudi plant for gas turbines, compressors
Siemens has taken the next step in its ongoing expansion of activities in Saudi Arabia, breaking ground on a new manufacturing facility in Dammam for gas turbines and compressors. The manufacturing facility is the first of its kind for Siemens in the Middle East.
Alfa Laval wins order to supply heat exchangers for Saudi gas processing plant
Alfa Laval has won an order from a Korean engineering company to supply heat exchangers for a natural gas project in Saudi Arabia. The Alfa Laval heat exchangers will be used in a new major gas processing facility in Saudi Arabia where they will be recovering energy in the gas cleaning process.
OTC '12: Global operators see access challenges
While ample evidence exists to effectively debunk the peak oil theories, locating and extracting reserves that are more than capable of meeting future demand remains a primary challenge going forward.
Who should you call for process pump repair?
Amid pump industry consolidation, independent shops can provide upgrade and repair services for key process equipment.
Consider updating your lubricant system
Oil mist extends equipment life over other lube methods
Improve seal designs for ‘dirty’ services
Amid regulatory legislation issues, a compliance strategy can drive solutions to optimize reliability of rotating equipment.
Control DEA corrosion in a gas refinery
Corrosion inhibitor selection and protective scales are key to prevention
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
