Middle East
Saudi Aramco, Sinopec sign Yanbu refinery deal
State-giant Saudi Arabian Oil Co., or Aramco, signed a deal with China Petrochemical Corp., or Sinopec, to develop a 400,000 bpd oil refinery at Yanbu, on the Saudi Red Sea coast. The Aramco-Sinopec deal marks the latest effort by China and Saudi Arabia to strengthen energy ties.
EU remains uncertain on timing of Iran oil embargo
A European Union embargo on Iranian oil could be enacted after a six-month grace period under one of the options being considered, but there is still no consensus on the matter. EU diplomats familiar with the discussions said Friday that while six months is one of the possible options, there is no convergence yet.
Chevron warns of weakening downstream results
Chevron expects 2011 fourth-quarter downstream earnings to be down significantly from the third quarter amid lower margins and refinery input volumes. In the US, Gulf coast refining margins fell substantially in the fourth quarter compared to the third quarter, the company said.
Samsung lands EPC contract for clean diesel unit at Qatar refinery
South Korea's Samsung Engineering has been awarded an engineering, procurement and construction contract for a clean diesel-producing unit at the Qatargas-operated Laffan refinery, as the Gulf state looks to increase refined product exports. The project will come on-stream in the 2014 first quarter.
European refinery shutdowns open doors for Indian diesel exports
Indian refiners are likely to increase their presence in Europe's diesel market as smaller, less complex European refineries come offline amid weak refining margins.
Jacobs wins engineering deal on new soda ash unit in Saudi Arabia
Jacobs has been awarded a contract from IDEA Soda Ash and Calcium Chloride Co. (ISACC) for engineering and project management on a $300 million soda ash and calcium chloride plant at Jubail's Second Industrial City. Commercial operations are expected to begin in the first quarter of 2015.
Parker Hannifin to supply instrumentation for Shell
Global motion and control technology group Parker Hannifin has signed an agreement with Shell to supply instrumentation valves, manifolds, process-to-instrument valves, fittings, tubing, protective enclosures and related products. Financial terms were not disclosed.
EU agrees in principle to oil embargo on Iran
European Union member states agreed in principle to press ahead with an oil embargo on Iran over its nuclear program, diplomats said Wednesday, in a move that pushed oil prices higher. An oil embargo would be the latest step in international efforts to isolate Tehran economically over concerns Iran is trying to develop nuclear weapons.
Overcome challenges in treating shale gases
Manipulating process plant parameters helps meet pipeline specifications
Innovative APC boosts LNG train production
APC application yields significant operability, economic benefits
- 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
