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Shell begins production at new petrochemicals unit
Jan. 8, 2019

Shell begins production at new petrochemicals unit

Concluding the startup procedure that begun in December at its Geismar facility, Shell Chemical LP started production of the fourth alpha olefins (AO) unit. Total AO production at Geismar has increased to more than 1.3 million tpa, post the 425,000-tpa capacity expansion. The addition of new AO unit at Geismar has demonstrated the tactical value of its integrated downstream division.

ADNOC, Cespa jointly awards contract to Tecnicas Reunidas
Dec. 19, 2018
Source: Reuters

ADNOC, Cespa jointly awards contract to Tecnicas Reunidas

Spanish engineering firm, Tecnicas Reunidas has secured an engineering design contract for ADNOC and Cespa’s joint project in Ruwais. The linear alkylbenzene (LAB) plant will also be the first derivative unit developed under the $45 billion-Ruwais downstream investment programme. An ADNOC statement read that the plant will manufacture 225,000 tonnes of normal paraffins per year and 150,000 tonnes of linear alkyl benzene per year.

Croatia’s INA puts off production at its largest refinery
Dec. 15, 2018
Source: Reuters

Croatia’s INA puts off production at its largest refinery

Croatia’s multinational energy firm INA has announced that its largest refinery will undergo a planned maintenance from January to mid-April 2019. The plant, which is located in the northern Adriatic port of Rijeka, has a capacity of 100,000 barrels per day (bpd). INA also owns a 60,000 bpd- refinery in Sisak.

Saudi Aramco and ADNOC’s $50b-refinery project in India delayed
Dec. 12, 2018
Source: Reuters

Saudi Aramco and ADNOC’s $50b-refinery project in India delayed

As reported by Reuters, Saudi Aramco and ADNOC’s prominent $50 billion refinery and petrochemical project in India has been delayed by two years. The proposed coastal refinery with 1.2 mbpd processing capacity will be built by RRPL, a JV between state-owned firms and Saudi Aramco and ADNOC. The project is scheduled for commission in 2023.

Pertamina hires SK and Hyundai for refinery upgrade
Dec. 10, 2018
Source: Reuters

Pertamina hires SK and Hyundai for refinery upgrade

Indonesian state-owned Pertamina has signed up SK E&C and Hyundai E&C for the $4 billion Balikpapan refinery upgrade project. In the same media briefing, the state oil major also entered into a framework agreement with Oman’s Overseas Oil and Gas LLC (OOG) for the development of a $10 billion refinery and petrochemical complex in Bontang.

SOCAR to deploy Honeywell’s PSA Technology
Dec. 7, 2018

SOCAR to deploy Honeywell’s PSA Technology

Technology giant, Honeywell informed that Azerbaijani state-owned SOCAR will deploy Honeywell UOP’s Pressure Swing Adsorption (PSA) technology at its Heydar Aliyev Oil Refinery (HAOR). Honeywell’s technology will enable Azerbaijan to meet the rising demand for Euro V standard transportation fuels. As part of modernising the HAOR plant, HoneywellUOP will supply two PSA units, controlled by Honeywell Process Solutions C300 distributed control systems.

CNPC, PDVSA joint refinery project resumes
Dec. 6, 2018
Source: Reuters

CNPC, PDVSA joint refinery project resumes

China’s Caixin yesterday reported about the revival of a decade-old mega project between CNPC and Venezuelan state-owned PDVSA. The financial publication said that the CNPC-PDVSA JV refinery and chemical project will most likely commence operations in 2021. The $9.53 billion-refinery with a processing capacity of 400,000 barrels-per-day will be built in Jieyang, China. The project will incur 60% investment from CNPC, while PDVSA will contribute to the remaining 40%.

Total resumes operations at Normandy Refinery
Dec. 1, 2018
Source: Reuters

Total resumes operations at Normandy Refinery

French supermajor Total has announced the restart of its Gonfreville refinery in France’s Normandy region. Operations at the 253,000 barrel-per-day refinery were disrupted due to a week-long strike that affected output and deliveries. The CGT union of France put off the on-going strike on Thursday evening. A Total spokeswoman confirmed the news, stating that the deliveries had resumed on Friday.

Key developments at Exxon’s Rotterdam refinery
Nov. 30, 2018

Key developments at Exxon’s Rotterdam refinery

Exxon’s Rotterdam refinery will undergo several key developments to meet the stringent quality standards in base stocks manufacturing. The upgrade will be the final step in support of the full stream production in 2019. The developments will include new lab facilities with state-of-the-art equipment, implementation of ExxonMobil’s proprietary Global BPIMS, and so on. The improvements are in line with ExxonMobil’s pledge towards product integrity and reliability at the Rotterdam refinery.

MRPL said to have inked term deal with Iraq
Nov. 30, 2018

MRPL said to have inked term deal with Iraq

If sources were to be believed, state-owned refiner, MRPL has inked a term deal with Iraq’s State Organization for Marketing of Oil (SOMO) to buy 1.5 million tonnes of Basra oil in 2019. MRPL, which runs a 300,000 barrel-per-day refinery in India, is seeking to diversify its crude imports. MRPL didn’t comment on the matter.

World’s largest refinery complex plans for expansion
Nov. 20, 2018

World’s largest refinery complex plans for expansion

If sources were to be believed, RIL head, Mukesh Ambani is mulling plans of boosting the capacity of the world’s largest refinery complex in Jamnagar. If the proposition goes through, Jamnagar refinery will see an addition of new plant with crude processing capacity of 30 million tpa. RIL is fortifying its place in India where energy demand, according to IEA, is expected to more than double by 2040.

Suncor not trimmig its crude output
Nov. 2, 2018

Suncor not trimmig its crude output

CEO of Suncor Energy Inc announced that unlike its rivals, Suncor will not reduce its crude output to deal with low prices. This is because Suncor Energy is isolated from the rising price discounts that are applied to Canadian oil by US refineries. He said, “The higher-cost producers are having to pull back because they're not making any margin on their last barrel. We're not in that circumstance.”

BPCL reports a drop in Q2 profit
Oct. 30, 2018

BPCL reports a drop in Q2 profit

India’s Bharat Petroleum Corp Ltd (BPCL) released its second quarter earnings. Mumbai refinery unit of the organization was closed by a fire which had a negative impact on the overall earnings. The profit of this quarter, 12.18 billion Indian rupees, was below the expectations of the analysts. The Q2 profit of this year halved the profit of corresponding quarter of the last year which was 23.57 billion rupees.

Phillips 66 registers higher profit margin in Q3
Oct. 27, 2018

Phillips 66 registers higher profit margin in Q3

US downstream player, Phillips 66 yesterday reported 70.2% rise in its earnings to $936 million. The American multinational easily beat analysts’ expectations, owing to cheaper domestic crude prices which boosted its refining margins. US crude's discount to Brent extended to more than $10 a barrel, allowing refiners in the country to register a higher margin for third quarter.

Thai Oil awards £3b contract to Petrofac-led consortium
Oct. 20, 2018
Source: Energy Voice

Thai Oil awards £3b contract to Petrofac-led consortium

Thai Oil has awarded the consortium of Petrofac, Saipem and Samsung a £3billion clean fuels project in Thailand. The project aims at transforming the existing refinery in the Chon Buri province into a facility that is environmentally-friendly. Under the contract, Petrofac will provide engineering, procurement, construction and commissioning (EPCC) services for over four years, which will also include adding new processing units. Petrofac will receive over £1billion as share.

Exxon and BASF to demonstrate new solvent
Oct. 16, 2018
Source: Business Wire

Exxon and BASF to demonstrate new solvent

BASF, world’s largest chemical producer, and ExxonMobil are conducting a full scale commercial demonstration of their jointly-developed solvent. The firms have chosen Imperial Oil’s Sarnia Refinery for this purpose. The amine-based solvent is aimed at fulfilling the stringent sulfur emission standards with greater efficiency. The solvent will allow refiners and gas processors to enhance capacity and reduce the operating costs involved with existing equipment.

SOCAR to start new refinery next week
Oct. 10, 2018
Source: Reuters

SOCAR to start new refinery next week

Azerbaijan’s state-owned SOCAR is all set to start-up its new refinery in Turkey, next week. The $6.3 billion Star refinery will provide feedstock to Turkish petrochemicals firm, Petkim to help cut Turkey’s reliance on imported refined oil products. SOCAR’s refinery would have the capacity to process about 200,000 barrels of crude per day, estimated to produce 1.6 million tonnes of naphtha and 420,000 tonnes of xylenes, apart from other products.

Irving reports major incident at Saint John refinery
Oct. 9, 2018

Irving reports major incident at Saint John refinery

Canadian oil firm, Irving Oil has reported a major incident at its Saint John refinery in Canada. Residents in the area witnessed fire and explosion at the refinery. According to CNBC, the Saint John refinery has the capacity to refine 320,000 barrels per day of gasoline, diesel heating oil, jet fuel and other petroleum products. More than half of Irving Oil’s produce is supplied to the United States.

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