Asia’s cash premiums for jet fuel dropped, weighed down by abundant supplies and lackluster aviation demand, while traders were skeptical seasonal heating demand for kerosene would likely remain weak due to a warmer winter this year.
McDermott International, Inc. announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije (NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.
Industry predictions for the demand for oil and the speed of the energy transition vary wildly.
New technologies will allow the oil market to understand what is going on in China quicker and in greater depth than before
The US oilfield water-handling market is growing as shale production continues to rise, with the Permian Basin leading the way
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulfur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.
China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.
Northwest European oil refining margins turned negative, falling to around -$0.49 a barrel, Reuters calculations showed.
A comprehensive survey of our readers has provided a unique snapshot of market expectations for future underground construction trends. Topping the list: More trenchless applications and HDD.
BP Midstream Partners is considering whether to expand its 400,000-bpd Mars crude oil pipeline to accommodate new volumes from offshore oil fields in the U.S. Gulf of Mexico, its CFO said.
Saudi Arabian state energy company Aramco plans to supply liquefied natural gas (LNG) to Bangladesh as part of a tentative $3 billion deal signed in October, officials told Reuters.
ADNOC LNG said it has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 2022.
Finnish state-owned gas company Gasum said it had agreed to buy Linde’s liquefied natural gas (LNG) and marine bunkering business in Norway and Sweden.
ABB has won a project to install its renowned extended automation system at a greenfield pilot plant for SABIC in Jubail, Saudi Arabia, supporting SABIC’s broader vision to digitalize its operations.
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.
First Cobalt Corp is in advanced talks with Canada’s Ontario province to finance the $37.5 million required to restart its idled cobalt refinery, President and Chief Executive Officer Trent Mell said.