More Oil & Gas Processing News

PDVSA lets contract for Barinas refinery

Dec 9, 2013

Petroleos de Venezuela SA (PDVSA) has let a contract to Hyundai Engineering & Construction and Wison Engineering Services Co. Ltd. to build a refinery at Barinas, Venezuela.

Gazprom lets contract for refining complex

Dec 9, 2013

JSC Gazprom Neft, the oil arm of Russia’s OAO Gazprom, has let a contract to CB&I, Houston, for front-end engineering and design services for a refining complex at Gazprom Neft’s facility at Omsk, Western Siberia, Russia.

PIRA notes changes in crude oil markets

Dec 9, 2013

The oil-production surge from unconventional resources in North America is creating a surplus in the Atlantic Basin and reshaping oil and gas trade, notes PIRA Energy Group, New York.

Weak refining margins rein in third-quarter earnings growth

Dec 9, 2013

A sample of 59 US-based oil and gas producers and refiners posted a collective increase of 5.2% to $22 billion in earnings in this year's third quarter but a 12.7% decrease to $75 billion in the first 9 months compared with the same periods in 2012.

UK offshore wind stalls

Dec 9, 2013

European and US lawmakers differ in their policies on offshore wind farms, yet this reporter suspects Europe's offshore wind industry could provide some lessons to US lawmakers, the energy industry, and its investors.

OGJ Newsletter

Dec 9, 2013

International news for oil and gas professionals

Kuwait lets contract for refinery expansions

Dec 6, 2013

Kuwait National Petroleum Co. (KPNC) has let a contract to AMEC to provide project engineering and management services for Kuwait’s Mina Al Ahmadi, Mina Abdullah, and Shuaiba refineries.

Loan backs US exports to Turkish refinery

Dec 6, 2013

The US Export-Import Bank has authorized a $640.7 million direct loan to Star Refinery AS, Istanbul, to finance the export of US equipment for a 214,000-b/d refinery planned in Aliaga, Turkey. 

Shell opts out of US Gulf Coast GTL project

Dec 5, 2013

Royal Dutch Shell PLC reported that it will not move ahead with a proposed 140,000 b/d Gulf Coast gas-to-liquids project in Louisiana and will suspend any further work.

Calls for Congress to reform RFS grow as EPA’s hearing approaches

Dec 5, 2013

An increasingly broad coalition plans to press Congress to repeal, or at least radically reform, the federal Renewable Fuels Standard, officials of several associations said the day before the US Environmental Protection Agency’s Dec. 5 public hearing on its proposed 2014 quotas.

Rising costs delay Alberta refinery project

Dec 5, 2013

Partners in the North West Redwater Partnership have postponed construction of the first phase of the Sturgeon bitumen refinery in the Industrial Heartland area of Alberta due to rising capital costs.

End seen to limit on Navajo Refinery runs

Dec 4, 2013

HollyFrontier Corp. said it expects by about the end of January 2014 to have resolved waste-water problems that have restricted crude runs at its 100,000-b/sd Navajo Refinery in Artesia, NM, since last month.

QEP Resources to pursue separation from midstream business

Dec 3, 2013

QEP Resources Inc. said it will pursue a separation of its midstream business, QEP Field Services Co., including the company’s interest in QEP Midstream Partners LP (QEPMP). QEP Resources is majority owner of QEPMP.

Sonangol taps Standard Chartered for Lobito refinery

Dec 3, 2013

Angola’s state-owned Sonangol EP has selected Standard Chartered Bank UK to provide financial consulting for the construction of its Sonaref refinery at Lobito in Angola’s Benguela Province.

Kuwait lets contract for Al-Zour refinery

Dec 3, 2013

Kuwait National Petroleum Co. has let a services-related contract to Honeywell for its 615,000-b/d Al-Zour refinery complex to be built in southern Kuwait.

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