More Petrochemicals Refining News

Thailand's PTTEP to acquire Coogee Resources

Dec 30, 2008 Thailand's state oil company PTT Exploration & Production (PTTEP) has acquired unlisted oil and gas company Coogee Resources Ltd., Perth, for $248.4 million (Aus.).

NPRA, other groups ask EPA for more ethanol tests

Dec 22, 2008 Fourteen organizations, including the National Petrochemical and Refiners Association, called on Dec. 18 for "unbiased and comprehensive testing" before the US Environmental Protection Agency permits the use of mid-level ethanol blends in engines.

OGJ Newsletter

Dec 22, 2008


Dec 22, 2008

Worldwide refining capacity growth rises again in 2008

Dec 22, 2008 In 2008, growth in crude distillation capacity continued to build on momentum of past years; refiners added more capacity than the past 2 years, according to the latest OGJ Refinery Survey.

Thermal heavy-oil recovery projects succeed in Egypt, Syria

Dec 22, 2008 To increase oil recovery from existing fields, operators in both Egypt and Syria have started producing heavy oil with thermal enhanced oil recovery processes.

MARKET WATCH: Prices fall as markets ignore OPEC

Dec 18, 2008 Energy prices continued to fall Dec. 17, with front-month crude futures dropping 7.3% as traders shrugged off an in-line increase in US oil inventories and a larger-than-expected production cut of 2.2 million b/d by the Organization of Petroleum Exporting Countries.

Equistar to temporarily idle olefins unit

Dec 18, 2008 Equistar Chemicals LP temporarily will idle its olefins unit at Chocolate Bayou, Tex., because of declining market and economic conditions. Equistar Chemicals is an indirect subsidiary of LyondellBasell.

PNG LNG nears final project decisions

Dec 18, 2008 The Papua New Guinea LNG (PNG LNG) partners will make a final investment decision by yearend 2009 about proceeding with the ambitious LNG project on the Gulf of Papua near Port Moresby. Five trains might eventually be possible.

Equatorial Guinea to set up gas processing hub

Dec 17, 2008 Equatorial Guinea plans to establish a gas gathering company to collect gas in the Gulf of Guinea and direct it to key projects in the nation, according to a senior official from the state owned gas company Sonagas.

Costs rise despite economic slowdown, analysts say

Dec 17, 2008 Despite the global recession, costs of constructing upstream facilities have reached a record high, as have those for designing and constructing refining and petrochemical projects, according to IHS and CERA.

MARKET WATCH: Energy prices fall; markets watch OPEC

Dec 15, 2008 Energy prices fell Dec. 12 when Democrat and Republican Senators couldn't agree on a proposed $14 billion bailout of General Motors and Chrysler via emergency loans.


Dec 15, 2008

Special Reports: China, India lead growth in Asian refining capacity

Dec 15, 2008 Asian refining capacity continues to grow rapidly despite the effects of a suffering global economy.

Special Report: Asia petchem expansions to 2015 increase demand for naphtha

Dec 15, 2008 A wave of ethylene investment will take place in Asia during 2009-11 with distinct peaks in early and late 2009.

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