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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 […]

Shell to sell its Downstream business in Argentina to Raízen

Shell to sell its Downstream business in Argentina to Raízen

April 24, 2018 No Comments

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and […]

Fluor Awarded Contract

Fluor Awarded Contract

April 19, 2018 No Comments

Fluor Corporation has announced that it was selected by a division of Marathon Petroleum Corporation (MPC) to execute the engineering and procurement scope for MPC’s South Texas Asset Repositioning (STAR) program at its Galveston Bay refinery in Texas City, Texas. Fluor booked the undisclosed contract value into backlog in the first quarter of 2018. “This […]

Saudi Aramco and Indian consortium “RRPCL” sign MoU

Saudi Aramco and Indian consortium “RRPCL” sign MoU

April 18, 2018 No Comments

Saudi Aramco signed a Memorandum of Understanding (MOU) with “Ratnagiri Refinery and Petrochemicals Ltd.” (RRPCL), a consortium of Indian oil companies which includes The Indian Oil Corporation Ltd. (IOCl), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL), to jointly develop and build an integrated mega refinery and petrochemicals complex at Ratnagiri, in […]

Saudi Aramco and Total Sign a MoU to Build Petrochemical Complex

Saudi Aramco and Total Sign a MoU to Build Petrochemical Complex

April 10, 2018 No Comments

During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. The complex will be integrated downstream of the SATORP refinery, a joint venture between Saudi Aramco (62.5%) and Total (37.5%) […]

Saudi Aramco announces commercial cooperation worth over $10 billion

Saudi Aramco announces commercial cooperation worth over $10 billion

March 30, 2018 No Comments

Saudi Aramco participated in the Saudi-U.S. CEO Forum held in New York to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official visit to the United States by HRH Crown Prince Mohammed bin Salman. During the Forum a number of cooperation arrangements and prospective commercial collaborations […]

Air BP fuels first non-stop route between Australia and the UK

Air BP fuels first non-stop route between Australia and the UK

March 27, 2018 No Comments

On 24 March 2018, Air BP fuelled Qantas’ first non-stop flight between Perth airport and London Heathrow, with jet fuel produced at BP’s Kwinana refinery just 52 kilometres south of the airport. Air BP has played a critical role in supporting Qantas and the Perth airport authority to prepare for the new direct flight known […]

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

LUKOIL ANNOUNCES FINANCIAL RESULTS UNDER IFRS FOR 2017

March 22, 2018 No Comments

PJSC LUKOIL released its audited consolidated financial statements for the full year of 2017 prepared in accordance with the International Financial Reporting Standards (IFRS). Sales for 2017 increased by 13.6% year-on-year to RUB 5,936.7 bln. In the fourth quarter of 2017 our sales were RUB 1,662.5 bln, up 12.1% q-o-q. The positive sales dynamics was […]

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