Refining
HP Construction: Middle East
Siemens Industry Automation Division is providing Abu Dhabi Oil Refining Co. (Takreer) with a Zimpro wet-air oxidation (WAO) system to treat refinery spent caustic as part of Takreer’s refinery e..
HP Construction: Asia Pacific
The Shaw Group Inc. has a contract to provide the technology license and process design package for the revamp of Star Petroleum Refining Co.’s residue fluid catalytic-cracking (RFCC) unit in Map..
HP Construction Profile: Methanex targets US for relocation of capacity
Methanex plans to move at least one methanol plant from Chile to the US, seeking to capitalize on a trend of low natural gas prices and possible interest in gasoline alternatives.For now, the Canada-b..
Perspectives on the 2012 energy industry
Here are several thoughts on how companies can adapt to—and profit from—the uncertain environment
Bharat Petroleum to expand Kochi refinery by end of 2015
India's second-largest state-run refiner and fuel retailer will raise the Kochi refinery's output by 120,000 bpd to 310,000 bpd, seeking to keep up with higher sales volumes.
Essar finishes Vadinar refinery expansion in India
Essar Oil on Friday announced the completion of the $1.81 billion expansion of its Vadinar refinery with the successful commissioning of the final delayed coker unit (DCU), which is amongst the world's largest. The expansion gives the Vadinar refinery the capability to process much heavier crude diet.
UK strike threat boosts Europe oil product demand
Surging retail fuel sales in the UK amid a threat of a tanker drivers strike are supporting demand in Europe's diesel and gasoline markets. The higher premiums often provide a temporary boost to the struggling European refining sector, as they translate into higher profit margins.
Alberta oil sands employment projected to increase over 70% by 2021
Alberta's oil sands industry, which employed just over 20,000 workers in 2011, is projected to grow its workforce by a staggering 73% by 2021, a new report says. Some oil sands operations and occupations are forecasted to add over 100% of their current workforce by 2021.
Saudi oil minister sees no reason for high oil prices
Saudi Arabia Oil Minister Ali al-Naimi said that there is no reason for current high oil prices, which are hurting European economic growth targets, but said the world's largest crude exporter will do what it can to mitigate them. Naimi wrote his thoughts in a rare opinion piece for the Financial Times.
US Senate defeats bid to end 'big oil' subsidies
Senate Republicans united to block a Democratic attempt to end roughly $20 billion in federal subsidies to the largest oil and gas companies, in a largely political vote that had little chance of approval. Democrats argued that ending unnecessary taxpayer subsidies would have no effect on the price of gasoline.
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