More Oil & Gas Processing News

CNOOC subsidiary inks deal for grassroots refinery

Feb 2, 2015

Hebei Zhongjie Petrochemical Group Co. Ltd., a subsidiary of China National Offshore Oil Corp. (CNOOC), has entered into a $700 million agreement with Genoil Inc., Calgary, to establish a joint venture for the construction of a heavy oil refinery at Zhongie Industrial Park, Hebei Province, China.

Sasol lets contract for Louisiana petrochemicals plant

Feb 2, 2015

South Africa’s Sasol Ltd. has let a contract to GE Oil & Gas, Florence, Italy, to provide the main-compression trains required for a low-density polyethylene (LDPE) plant at its proposed integrated ethane cracker and downstream derivatives complex to be located adjacent to the company’s existing operations near Lake Charles in Westlake, La.

EnLink agrees to purchase Coronado Midstream for $600 million

Feb 2, 2015

EnLink Midstream has agreed to acquire Coronado Midstream Holdings LLC, which owns natural gas gathering and processing facilities in the Permian basin, for $600 million.

Data refute Lew's claims about taxes paid by producers

Feb 2, 2015

On the subject of taxation, administration officials count on the public to believe anything.

Near-term pipeline plans shrink, longer-term growth returns

Feb 2, 2015

Planned pipeline construction to be completed in 2015 slipped 30% from forecasts for 2014, with expected products, crude, and natural gas project completions all softer even as future planned mileage rose in all three categories and most regions.

Union strike under way at US refineries, petchem plants

Feb 2, 2015

The United Steelworkers Union (USW) has instituted a strike at nine US refining and petrochemical production plants following a breakdown in negotiations with oil companies over collective bargaining agreements due to expire on Jan. 31.

Novel upgrading technology cuts diluent use, capital costs

Feb 2, 2015

A novel bitumen upgrading process that decreases the amount of diluent required for pipeline transportation and reduces overall operating costs has been proven in a 100-b/d demonstration plant in Pennsylvania.

Modeling determines solvent applicability in SAGD

Feb 2, 2015

Solvents are used to increase production and reduce steam-to-oil ratio in steam-assisted gravity drainage

E&Y: Oil-price collapse to boost global M&A activity in 2015

Feb 2, 2015

The oil-price collapse will facilitate increased global transaction activity in 2015 as companies revise and implement new strategies, according to a quarterly report on the industry published by Ernst & Young.

Iran yields to Russia in talks over Caspian resources

Feb 2, 2015

Iranian acquiescence to Russia, to which the Islamic Repubic increasingly turns in response to pressure from the West, has become a standard feature of long-unresolved deliberations over jurisdiction and resource ownership in the Caspian Sea.

Chinese plant commissions propylene unit

Jan 30, 2015

Sanyuan Petrochemical Co. Ltd. (SPCL), a subsidiary of Zhejiang Fuling Holding Group, has commissioned a 450,000-tonne/year propane dehydrogenation unit unit at its 600,000-tpy plant in Shaoxing City, Zhejiang Province, China.

Shell, Iraq ink deal for petrochemicals complex

Jan 29, 2015

Royal Dutch Shell PLC has entered a preliminary agreement with Iraq to construct an $11-billion grassroots petrochemicals complex in the country’s southern province of Basra, according to Iraq’s Ministry of Industry and Minerals (MIM).

Citing lower oil prices, Sasol delays Louisiana GTL plant investment

Jan 28, 2015

South Africa’s Sasol Ltd. says it will delay the final investment decision on a large-scale, gas-to-liquids (GTL) plant in Louisiana as part of the company’s plan to conserve cash in response to lower international oil prices.

Trinidad ULSD plant won’t be built in 2015, Petrotrin executive says

Jan 28, 2015

Trinidad and Tobago’s state-owned Petrotrin has announced that its $500 million ultralow-sulfur diesel (ULSD) plant cannot be commissioned because of “structural and seismic concerns.”

Geismar plant begins first methanol production

Jan 27, 2015

Methanex Corp., Vancouver, BC, has completed the first production of methanol from its newly commissioned 1 million-tonne/year plant in Geismar, La.

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