Middle East
HP Insight: Technology and market share: Challenges requiring ever-changing solutions
In this issue of HPInsight, workforce, fuel quality and capacity overhang are a few of the challenges that the hydrocarbon processing industry (HPI) must address and resolve. Expansion of the refining..
HP Impact: BP’s energy outlook to 2030
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and stro..
HP Impact: Octagonal opportunity for carbon capture
Filtering CO2 from factory smokestacks is a necessary, but expensive, part of many manufacturing processes. However, a collaborative research team from the National Institute of Standards and Technolo..
HP Construction: Middle East
Qatargas has signed an engineering, procurement and construction (EPC) contract with Samsung Engineering Ltd. for a diesel hydrotreater (DHT) unit that will treat 54,000 bpsd of diesel, from high-sulf..
HP Construction: Asia Pacific
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the group owns with Samsung as part of the Samsun..
Mitsui to license polyurethane technology to SABIC
The Saudi Basic Industries Corporation (SABIC) signed a TDI and MDI technology license agreement with Mitsui Chemicals under which Mitsui will provide manufacturing technology for producing TDI and MDI. The firms say they will explore future possibilities to collaborate in the polyurethane (PU) business.
India seeks boost in Saudi Arabia crude oil supply
India has asked Saudi Arabia to augment daily shipments by up to 100,000 bbl each year to meet expanding refining capacities at home, Oil Minister Jaipal Reddy said.
Lower crude exports from Iran could trigger 30% spike in oil prices - IMF
A halt of Iran's oil exports to Organization for Economic Cooperation and Development (OECD) countries could trigger a 20%-30% spike in oil prices, an International Monetary Fund official said. The EU last month said it would ban all purchases of oil from Iran for countries within the union.
ITT lands global deal to supply pumps for Shell
ITT announced an agreement with Shell Global Solutions in which ITT’s Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide. The deal is for five years with an option for an additional five years. Financial terms were not disclosed.
Shell eyes East Africa LNG, makes Cove Energy bid
Anglo-Dutch oil major Royal Dutch Shell on Wednesday proposed to buy all the shares of UK-listed Cove Energy, marking the company's first foray into Kenya and Mozambique. Shell is one of the world's largest LNG producers with equity sales volumes of 18.83 million tpy of LNG in 2011.
- 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
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
