Industry News

Oil refinery affected by water supply cut

Kuwait’s state refiner KNPC said that refining operations at its Mina Abdullah oil refinery have been affected by a cut in seawater supply, which is used to cool production units in the plant.

India's Maharashtra identifies site for Saudi Aramco, ADNOC's refinery

India’s Maharashtra state has identified a new site for the planned $44 billion oil refinery that state-run firms are building with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), Chief Minister Devendra Fadnavis said.

Israel's ORL delivers first cargo of IMO-spec marine fuel

Israel’s Oil Refineries (ORL) recently delivered its first cargo of 0.5% sulfur content marine fuel, complying with incoming new IMO rules, a trading source said.

Aspen Technology to accelerate digital transformation in process industries

Aspen Technology, Inc. the asset optimization™ software company and Hexagon, the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities, announced a new level of collaboration founded on a memorandum of understanding (MoU) that will more closely align AspenTech’s conceptual, basic engineering and cost estimation solutions with the detailed engineering suite from Hexagon PPM, to enable a fully data-centric workflow across the asset lifecycle.

Production curbs in Australia result in higher Asian LNG prices

With production curbs in Australia boosting the demand, Asian spot prices for liquefied natural gas (LNG) edged higher this week. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units (mmBtu), up from $4.25 last week.

IEA cuts 2019 estimate for oil demand growth on global economy worries

The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said, although stimulus packages and developing countries should boost growth going into 2020.

PGNiG to buy more LNG from U.S. company

Polish Oil and Gas Company (PGNiG) signed an agreement on Wednesday with U.S. company Venture Global LNG to buy 1.5 million metric tons of liquefied natural gas per year, as the country seeks alternative supplies of gas than Russia.

China buys more LNG, but can't offset the rest of Asia's losses

Not withstanding the achievement in shipping the first liquefied natural gas (LNG) cargo from the world’s largest vessel, Prelude owner Royal Dutch Shell probably wishes it was selling its product into better market conditions.

DNV GL awards AIP for floating LNG power plant

Classification society DNV GL has awarded Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP). The LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.

Finland opens largest Nordic LNG terminal after delay

Finland’s 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said.

Saudi Aramco extends offer to buy stake in Arctic LNG 2

Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Novatek’s Arctic LNG 2

Wood secures contract for petrochemicals project

Wood has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC) to provide FEED (front-end engineering design) for a proposed onshore petrochemicals facility at the Special Economic Zone Area Duqm (SEZAD) in southern Oman.

Clariant continues the advance of propane dehydrogenation technology

Clariant, a focused and innovative specialty chemical company, today announced the launch of its latest propane dehydrogenation catalyst, CATOFIN 311.

Petrobras revises timing of price adjustments for diesel and gasoline

Brazilian state-run oil company Petroleo Brasileiro SA said that its management approved a revision in scheduling of price adjustments for diesel and gasoline in its refineries.

Indonesia tests biodiesel in cars amid push for palm oil consumption

Indonesia began testing biodiesel with a bio-content of 30% in cars, its energy ministry said, as the Southeast Asian nation pushes to boost local markets for its vast palm oil crop.

EV revolution could stall due to mineral shortages

More planning is required to ensure adequate supply, researchers say