Middle East
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.
Qatargas announces commercial start-up of Laffan Refinery 2
DOHA, Qatar -- Qatargas announced the commercial start-up of Laffan Refinery 2, marking an expansion of refining capacity in the State of Qatar. The project will refine 146,000 bpd of condensate from the North Field, the largest non-associated natural gas reserve in the world.
Egypt seeks to import crude directly from Iraq
CAIRO (Reuters) -- Egypt's Petroleum Minister Tarek El Molla said his country was seeking to reach an agreement with Iraq over importing crude oil directly and that he hoped to finalize the deal by the first quarter of 2017.
Saudi Aramco, Pertamina sign JV agreement for refinery project
Saudi Aramco and PT Pertamina, Indonesia’s state oil and gas company, signed a JV development agreement (JVDA), enabling further progress to jointly own, upgrade and operate the Cilacap Refinery in central Java, Indonesia.
Saudi Arabia crude exports fall, refined products rose
DUBAI (Reuters) -- Saudi Arabia's crude oil exports fell in October by 176,000 bpd from the month before, despite high production, but its refined products shipments rose as the kingdom expands its refining power, official data showed on Monday.
Angola could hold tenders for all fuel imports next year
(Reuters) -- Sonangol, Angola's state-controlled oil company, said on Monday it could hold tenders for all fuel imports next year to cut costs, the Financial Times reported.
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE (Reuters) -- OPEC's efforts to hold market share in Asia by keeping its customers, which take about two-thirds of its exports, supplied amid wider output cuts could prolong the global fuel glut and frustrate its attempt to bolster prices.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
