Middle East
OPEC looking at deepening, extending oil supply cut
MOSCOW (Reuters) — Oil producer group OPEC is looking at extending or deepening a supply-cutting deal with non-member countries, two OPEC ministers said on Wednesday, keeping open the prospect of additional action to get rid of a glut and prop up prices.
Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow
MOSCOW (Reuters) — Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday.
Oil prices fall for a second day on oversupply concerns
TOKYO (Reuters) — Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a Q3 rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped.
Petronas Chem sells half of polymers business to Saudi Aramco for $900 MM
KUALA LUMPUR (Reuters) — Malaysia's Petronas Chemicals Group Bhd (PCG) said on Monday it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary, Aramco Overseas Holdings Coöperatief U.A. for $900 MM.
Show Preview: ADIPEC
The 20th edition of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) will take place 13–16 November at the Abu Dhabi National Exhibition Centre.
Global Project Data
<i>Hydrocarbon Processing</i>’s Construction Boxscore Database is tracking more than 1,700 active downstream construction projects around the world.
Industry Perspectives: What is the future of the global HPI?
Over the past year, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
Editorial Comment: HP Top Project Awards 2017
It’s that time again! <i>Hydrocarbon Processing</i> has announced the nominees for its annual Top Project awards.
Troubleshooting the repetitive failure and shaft seizure of a hot oil circulation pump
The Shaybah NGL recovery plant has a single-stage, double-suction between bearings, radial-split design for hot oil circulation.
Diversification: The catalyst for the Middle East’s downstream transformation
Over the past several years, the Middle East has made substantial investments to increase its downstream processing capacity.
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