Archive for the ‘Capacities’ Category
Aramco unit buys stake in Hyundai Oilbank
April 15th, 2019 by Latest News
Aramco Overseas Co. BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea.
Hindustan Petroleum Corp. Ltd. (HPCL) will receive major heavy equipment ahead of schedule that is to be installed as part of its previously announced program to expand and modernize its 166,700-b/d Vishakhapatnam (Visakh) refinery in Andhra Pradesh on…
Indigenous groups eye Trans Mountain stake
April 9th, 2019 by Latest News
An indigenous coalition is forming in Canada with the aim of buying a controlling interest in the Trans Mountain pipeline and expansion project between Alberta and British Columbia from the federal government.
Global LNG trade occurred at record volumes for the fifth consecutive year, reaching 316.6 million tonnes, according to the International Gas Union’s (IGU) 2019 World LNG Report. This marks an increase of 28.2 million tonnes (9.8%), from 2017, the thir…
As oil pipelines come online in the Permian basin, will the bottleneck depressing wellhead prices just move to Gulf Coast export terminals? No, according to a Mar. 29 research note from Cowen Equity Research.
Borouge lets contract for Ruwais petchem complex
April 8th, 2019 by Latest News
Abu Dhabi Polymers Co. Ltd. (Borouge), a joint venture of Abu Dhabi National Oil Co. (ADNOC) and Borealis AG, has let a contract to WorleyParsons Ltd. to provide project management consultancy for the proposed expansion of Borouge’s integrated polyolef…
Raven Petroleum has received an air permit from the Texas Commission on Environmental Quality for a proposed 30,000-b/d crude fractionation unit in South Texas. The planned fractionator is to be sited in Duval County, Tex., at the crossroads of th…
Chennai Petroleum Corp., a partly owned subsidiary of Indian Oil Corp., has let a contract to Chevron Lummus Global—a joint venture of McDermott International Inc. and Chevron Corp.—to provide technology licensing for a delayed coking unit at CPCL’s pr…
Nigerian National Petroleum Corp. (NNPC) subsidiary Port Harcourt Refining Co. Ltd. (PHRC) has let a contract to Maire Tecnimont SPA subsidiaries to provide services as part of the first leg of a long-planned rehabilitation project at the Port Harcourt…
China Petroleum & Chemical Corp. (Sinopec) has started up a revamped unit now based on composite ionic liquid (IL) alkylation technology at subsidiary Sinopec Jiujiang Co.’s 161,000-b/d refinery in Jiujiang City, Jiangxi Province, China.