Egyptian Natural Gas Co. has let a contract to a consortium of Engineering Co. for Petroleum & Chemical Industries and Petroleum Projects & Technical Consultation Co. for the expansion of its Western Desert Gas Complex in El-Amreya, Alexandria, Egypt.
Linde PLC has commissioned a new air separation unit (ASU) in Freeport, Tex., as part of a long-term agreement to supply MEGlobal Americas Inc.’s new monoethylene glycol (MEG) plant at Dow Chemical Co.’s Oyster Creek petrochemical complex in Freeport.
Global oil demand has been hit hard by the coronavirus and the widespread shutdown of China’s economy. Demand is now expected to contract by 435,000 b/d in the first quarter of 2020, the first quarterly decrease in more than a decade, IEA said.
In its latest Short-Term Energy Outlook, the US Energy Information Administration expects global petroleum and liquid fuels demand will average 100.3 million barrels per day (b/d) in the first quarter of 2020.
While total oil and gas deal value in 2019 increased 40% to $370 billion, overall deal count declined year-over-year by 40% as companies continue to struggle with low commodity prices and market conditions, according to a new Deloitte report.
Hess Malaysia, Kuala Lumpur, started first gas from the Zetung wells in Phase II of the North Malay Basin (NMB) integrated gas development project in Malaysia.
Braskem Idesa SAPI has started receiving imports of ethane from the US at its Nanchital petrochemical complex in the Coatzacoalcos-Nanchital region of Mexico’s state of Veracruz.
Parex Resources Inc., Calgary, and Frontera Energy Corp., Toronto, will evaluate options to drill one or two additional delineation wells in the VIM-1 block in the Lower Magdalena Valley in Colombia following a recent discovery.
Northern Endeavour, an FPSO formerly operated by Northern Oil and Gas Australia for production of Laminaria and Corallina oil fields in the Timor Sea, is now unmanned and idle following the exit of the last of its crew this week.
Dow Inc. is moving forward with a project to incrementally expand ethylene capacity at subsidiary Dow Chemical Canada ULC’s (Dow Canada) petrochemicals manufacturing site just north of Fort Saskatchewan, Alta.
SK Energy Co. Ltd. has completed construction of a new vacuum residue desulfurization unit for production of low-sulfur fuel oil at its 840,000-b/d Ulsan refining complex at Sinyeocheon-ro, Nam-gu, Ulsan, South Korea.
Valeura Energy Inc., Calgary, expects to continue the deep gas appraisal program of the Thrace basin in northwest Turkey following notification from joint partner Equinor of its intent to withdraw.
The Government of Papua New Guinea has halted negotiations with ExxonMobil over a gas agreement for the proposed P’nyang gas field development in the country’s Western Highlands.
Royal Dutch Shell PLC subsidiary Equilon Enterprises LLC has completed the previously proposed sale of its 157,000-b/d dual-coking refinery and integrated logistics assets at Martinez, Calif., to PBF Holding Co. LLC for $1.2 billion.
Indorama Ventures Olefins LLC has started commercial operations at its previously announced project to renovate and restart a dormant ethane cracker in Westlake, La., just west of Lake Charles in Calcasieu Parish.
