Europe
EMGC '17: Eastern Med gas monetization demands regional cooperation
NICOSIA—Gulf Publishing Company's fourth Eastern Mediterranean Gas Conference (EMGC) 2017 continued on the afternoon of March 14 with sessions devoted to gas monetization options and foreign investment initiatives.
EMGC '17: Execs outline gas prospects for Cyprus, Lebanon, Israel
NICOSIA—Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC) 2017, the fourth iteration of the world's primary event for discussing the forces shaping gas industry development in the Eastern Med, opened on March 14.
EMGC '17: Eni chief shares invigorating projections for Eastern Med gas
NICOSIA—Gulf Publishing Company's Eastern Mediterranean Gas Conference (EMGC) 2017, the fourth incarnation of the world's primary event for discussing the forces shaping gas industry development in the Eastern Med, opened on March 14.
Russia postpones scrapping oil export duties to 2022-2025
MOSCOW (Reuters) -- Russia will not fully scrap its oil export duty until 2022-2025, Finance Minister Anton Siluanov said on Monday, four years later than previously expected.
Clariant releases new catalysts for steam reforming process
MUNICH – Clariant announced the launch of a new generation of high-performance catalysts for the steam reforming process in the production of hydrogen, ammonia and methanol. The new ReforMax 330 LDP Plus and ReforMax 210 LDP Plus catalysts are designed with a unique 8-hole flower-like configuration that ensures a low-pressure drop in the tubular reforming reactor while offering catalyst activity and selectivity.
Oil edges off three-month lows, eyes on US inventory
LONDON (Reuters) -- Oil prices recovered modestly from three-month lows on Tuesday, with concerns persisting about rising US inventories and few clear signs that OPEC will extend supply curbs beyond June.
Neste Jacobs, Coolbrook to develop new olefin cracking technology
Neste Jacobs, a technology, engineering and project management company and Coolbrook, a technology development company, are developing a new technology innovation in collaboration with University of Oxford's Osney Thermo Fluids laboratory, University of Cambridge's Whittle laboratory, and major chemical producers such as Dow Chemical as well as equipment manufacturers including MANTurbo. This innovation is based on hydrocarbon (e.g. Naphtha) cracking method, where ethylene, the core raw material for polyethylene is produced.
UK's Wood Group to buy rival Amec Foster in $2.7-B deal
(Reuters) -- British oilfield services company John Wood Group has agreed to buy Amec Foster Wheeler in a deal valuing its smaller rival at about 2.2 billion pounds ($2.7 billion) and averting a planned 500-MM-pound rights issue.
Evonik breaks ground on stretching, polishing plant for large-format aircraft materials
WEITERSTADT, Germany -- Evonik marked the start of construction of a new stretching and polishing plant at the Weiterstadt site with a groundbreaking ceremony on March 2. The Essen-based Group is investing a two-digit million euro amount in the plant.
Oil trading giant Vitol bets on fuel retail for growth
LONDON (Reuters) -- From Pakistan to Turkey, the world's largest independent oil trader Vitol is betting on a spike in gasoline and diesel demand in young and growing nations by snapping up filling stations that disappointed oil companies are prepared to sell.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
