Europe
Viewpoint: Reshaping the industry toward innovation, certainty and efficiency
It is no secret that capital costs of major projects have skyrocketed over the past decade. A July 2015 industry report noted that the average megaproject’s cost increase is 80% of its original value, with an average schedule slippage of 20 months.
Editorial Comment: In defense of intellectual property integrity
In the publishing business, a key editorial responsibility is ensuring the integrity of all articles that are chosen for publication. This column elaborates on additional ways that prospective authors can help ensure that readers trust what we print.
Industry Perspectives: New gas processing/LNG project announcements decline for second straight year
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, over 1,000 new projects have been announced since 2014. Nearly half of these projects were announced in 2014, and the trend shows a steady decline in new project announcements since that time.
Shift to gas: A contribution on the path to sustainability
The COP21 event left the world with new mandates to develop and implement low-emissions energy sources to power the global economy. To limit global warming, the world must increase the use of resources like natural gas, which offers a quick, relatively clean and inexpensive interim step in the global transition from high-emissions resources to renewable energy sources.
Neste to deliver low-sulfur marine fuel to Eckerö Line
Neste will begin deliveries of low-sulfur marine fuel to Eckerö Line at the beginning of next year. The agreement covers m/s Finlandia on the Helsinki-Tallinn route throughout 2017.
Court-appointed manager gets $3-B offer for Moroccan refiner Samir
RABAT (Reuters) -- The court-appointed manager of Morocco's only oil refiner, Samir, has received a $3 billion offer for the business from a foreign conglomerate, he said on Wednesday, without naming the bidder.
Russia's Lukoil appoints new VP for sales and supplies
MOSCOW (Reuters) -- Russia's second biggest oil producer Lukoil has appointed a new vice-president for sales and supplies after state-owned rival Rosneft clinched several major deals at its expense, three sources told Reuters.
Casale announces name change of Chemoproject Nitrogen
The Swiss based Casale Holding SA, the owner of Casale SA, is pleased to announce that Chemoproject Nitrogen a.s., a leading Czech engineering company, active in base chemicals and fertilizers industry, whose control was acquired in July 2014, has officially changed its name to Casale Project a.s. and it is now fully owned by Casale Holding.
Russia sees oil products output down 2.5% in 2017
MOSCOW (Reuters) -- Russia's output of oil products is expected to fall by about 2.5% in 2017 due to further work on a massive refinery modernization program aimed at boosting fuel quality, a deputy energy minister said.
Urals and Azeri Light differentials weaker
MOSCOW (Reuters) -- Urals differentials BFO-URL-E BFO-URL-NWE weakened in a Surgutneftegaz tender because of higher than expected supply in January, though trading activity was quite low before the long Christmas weekend in Europe.
- bp's Whiting refinery union workers reject contract extension 2/2
- China's CNPC set to restart Dalian refinery to process Russian oil 2/2
- Dow announces 2029 startup of Phase 1 of its $7.5-B Path2Zero ethylene project 2/2
- ExxonMobil, Chevron see glimmer of Venezuela's potential, especially in refining its crude 2/2
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
