More Oil & Gas Processing News

Nelson-Farrar Quarterly Costimating: Indexes for selected equipment items

Apr 6, 2015

Costs for six selected equipment items used in refining construction operations have been surveyed for the 2012-14 period. The accompanying table shows Nelson-Farrar equipment indexes for these items of equip

OGJ Newsletter

Apr 6, 2015

International news for oil and gas professionals

Companies slash capital budgets as oil price drop cuts cash flows

Apr 6, 2015

Oil and gas companies, whose basic commodity has lost more than half its value in half a year, have slashed budgets in an effort to pull spending back within sharply diminished cash flow.

Analyst: Cost key variable in crude-price scenarios

Apr 5, 2015

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers' costs, says a veteran observer of oil markets and the Middle East.

Petrobras to exit Japanese refining business

Apr 2, 2015

Brazil's state-owned Petroleo Brasileiro SA (Petrobras) is initiating a plan to exit its Japanese refining business, which consists of wholly owned subsidiary Nansei Sekiyu KK’s 100,000-b/d Nishihara refinery on Japan’s southwestern island of Okinawa.

Shell wraps upgrade, expansion of Singapore ethylene cracker

Apr 2, 2015

Royal Dutch Shell PLC has concluded a long-planned upgrade and expansion of its ethylene cracker complex (ECC) on Bukom Island, Singapore, which along with the nearby 462,000-b/d Pulau Bukom refinery and 750,000-tonne/year monoethylene glycol (MEG) plant on Jurong Island, forms part of the company’s fully integrated Shell Eastern Petrochemicals Complex (SEPC).

Oman plans petcoke storage for Sohar refinery’s post-revamp production

Apr 1, 2015

Oman Oil Refineries & Petroleum Industries Co. (Orpic) has invited global firms to bid on an engineering, procurement, and construction contract for an installation to store and handle petroleum coke (petcoke) that will be produced following completion of a multibillion dollar modernization project under way its Sohar refinery, about 230 km northwest of the Omani capital of Muscat.

WoodMac: US record crude stocks set to decline

Apr 1, 2015

US crude oil stocks have grown over 30 million bbl each month so far this year, leading to a series of record highs and most recently reaching an estimated 471 million bbl of crude on Mar. 27, yet Wood Mackenzie analysts calculate the US has about 200 million bbl of unused crude storage capacity.

Canada Briefs

Apr 1, 2015

Marathon moving forward with Cornerstone pipeline

Apr 1, 2015

Marathon Pipe Line LLC (MPL) and Ohio River Pipe Line LLC (ORPL) launched a binding open season to assess interest and solicit shipper commitments for transportation service on the proposed Cornerstone pipeline and associated Utica shale build-out projects earlier this year.

Private equity firm to finance gas-fired power plant

Apr 1, 2015

Panda Power Funds agreed to jointly develop a 1,000-Mw Pennsylvania power project that will use natural gas from the Marcellus shale, the Dallas private equity firm announced.

Examiner stalls Shell's Bakken Rail Plans for Anacortes pending Environmental review

Mar 31, 2015

A Skagit County hearing examiner in Mount Vernon, Wa., halted Royal Dutch Shell's plans to move Bakken crude oil by rail to Shell's Anacortes refinery in northwest Washington state pending environmental and public health risk reviews, which could take at least 1 year.

Tesoro launches restart of Martinez refinery following strike

Mar 30, 2015

Tesoro Corp. has launched a restart of its 166,000-b/d Golden Eagle refinery near Martinez, Calif., after an agreement was reached with a local union, ending a 52-day strike.

Total's Donges refinery due 10-week shutdown, overhaul

Mar 30, 2015

Total SA is planning a nearly 2-month shutdown of its 220,000-b/d Donges refinery near Saint Nazaire, France, on the Loire estuary, for a complete modernization and maintenance overhaul designed to improve the plant's profitability as well as its environmental footprint.

OGJ Newsletter

Mar 30, 2015

International news for oil and gas professionals

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