Hengli Petrochemical lets contract for integrated refining complex

Hengli Petrochemical (Dalian) Co. Ltd. (HPDC) has let a contract to Axens SA, Rueil-Malmaison, France, to provide a suite of processing units and technologies for a grassroots crude-to-paraxylene complex under construction at its integrated refining and petrochemical project in Hengli Petrochemical Industrial Park (HPIP) on Changxing Island in Dalian, Liaoning Province, China. Source: News

Gonzalez Anaya appointed Pemex chief executive

Jose Antonio Gonzalez Anaya on Feb. 8 was named chief executive officer of Petroleos Mexicanos (Pemex) by Mexican President Enrique Pena Nieto. He succeeds Emilio Lozoya, who resigned after holding the position since 2012. Source: News

OGUK survey reflects gloomier oil industry outlook

Oil & Gas UK says companies are “increasingly pessimistic” about their business prospects. OGUK’s Business Sentiment Index (BSI) for fourth-quarter 2015 indicated that optimism was at its lowest since the index began in 2009. Source: News

SPE: Oil companies reviewing fracturing plans with low oil prices

Oil and gas companies are looking for innovation from their fracturing contractors, and producers are evaluating completion strategies given the prolonged oil price downturn, plenary session speakers told the SPE Hydraulic Fracturing Technology Conference in The Woodlands, Tex., on Feb. 9. Source: News

MARKET WATCH: NYMEX crude oil dips under $28/bbl

Light, sweet crude oil prices dropped Feb. 9 to settle under $28/bbl on the New York market while Brent crude oil prices plunged by more than $2.50 to settle at just above $30.30/bbl after a US government report forecast global oil inventories would climb during 2016-17, adding to an oversupply. Source: News