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Vegetable Oil becomes Biofuel for waste collection vehicles

Vegetable Oil becomes Biofuel for waste collection vehicles

November 26, 2018 No Comments

Eni and Hera are two companies that have long been committed to promoting a circular economy model by continuously developing the technology and organisation of their businesses. Today they signed a partnership agreement with the aim of converting used vegetable oil into biofuel for Hera’s waste collection vehicles. The agreement revolves around household waste vegetable […]

Chevron Reports 3rd Quarter Net Income of $4.0 Billion

Chevron Reports 3rd Quarter Net Income of $4.0 Billion

November 2, 2018 No Comments

Chevron Corporation (NYSE: CVX) today reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share – diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the […]

NCDMB partners Dangote Refinery on local content implementation

NCDMB partners Dangote Refinery on local content implementation

October 15, 2018 No Comments

Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local content law in the execution of its projects and declared its intention to further partner with it for effective implementation of the Local Content policy in the […]

Study shows record low carbon intensity of Saudi crude oil

October 8, 2018 No Comments

In one of the most comprehensive oil field carbon intensity (CI) studies ever published, a global team led by Stanford University has calculated the CI of the world’s active oil fields — with significant results for Saudi Arabia. CI is a measure of the greenhouse gas emissions associated with producing crude oil, from the well […]

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Malaysia mega-refinery project receives first crude oil cargo

Malaysia mega-refinery project receives first crude oil cargo

September 26, 2018 No Comments

Pengerang Refining and Petrochemical (PRefChem) on Monday achieved a significant milestone in the construction of its refinery at the Pengerang Integrated Complex (PIC) with the arrival of the first crude oil cargo at Pengerang Deepwater Terminal 2 (PDT2), marking its transition into commissioning phase for startup. With a refining capacity of 300,000 barrels of crude […]

ADNOC Commissioning New Unit to Extract Maximum Value from Heavy Oils and Slurry

ADNOC Commissioning New Unit to Extract Maximum Value from Heavy Oils and Slurry

September 10, 2018 No Comments

ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced, it has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With this, ADNOC will extract the maximum value from ‘bottom-of-the-barrel’ heavy oils and slurry, as it delivers on its aggressive Downstream strategy. […]

Wood awarded modifications contracts by Equinor for Norwegian refinery

Wood awarded modifications contracts by Equinor for Norwegian refinery

August 28, 2018 No Comments

Wood has secured two new strategic modifications contracts with Equinor for the Mongstad refinery near Bergen, growing its downstream capability in Norway. These contracts continue Wood’s support of the Mongstad refinery which aligns with the company’s focus on expanding its existing footprint in the onshore market in Norway. The scope of the contracts includes front-end […]

Eni’s second quarter and half year 2018 results

Eni’s second quarter and half year 2018 results

July 27, 2018 No Comments

Eni’s Board of Directors approved the Group results for the second quarter and first half of 2018 (unaudited). Highlights Exploration & Production Strong growth reported in hydrocarbon production at 1.86 million boe/d (in both the reporting periods): up by 5.2% q-o-q, up by 4.6% in the first half. Net of price effects in PSAs, the […]

Petron To Expand Its Limay Refinery

Petron To Expand Its Limay Refinery

July 25, 2018 No Comments

Honeywell (NYSE: HON) announced that Petron Corporation will expand and upgrade its Limay, Bataan refinery in the Philippines with technologies from Honeywell UOP. When the project is completed, the refinery will produce 75,000 barrels per day of refined fuels and 1 million tons per annum of aromatics, increasing its capacity by 55 percent. Honeywell UOP […]

Saudi’s Solution To Rising U.S. Gas Prices

Saudi’s Solution To Rising U.S. Gas Prices

July 12, 2018 No Comments

The first U.S.-bound shipment of reformulated blendstock gasoline produced at a Saudi refinery operated by Aramco and Total is on its way, Reuters reports, citing the official Twitter account of the Aramco-Total joint venture. The news suggests that with U.S. gas prices at the pump at three-year highs, perhaps this market has proved too potentially […]

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