Hindustan Petroleum (HPCL) has let a contract to Chevron USA-McDermott International joint venture Chevron Lummus Global to license technology for a grassroots vacuum residue upgrading unit to be added as part of HPCL’s previously announced program to expand and modernize its 8.3 million-tonne/year Visakh refinery in Andhra Pradesh on India’s southeastern coast. Source: News
MARKET WATCH: Oil prices drop modestly on US crude inventory gain
Crude oil prices fell modestly on the New York and London markets Sept. 26 after the US Energy Information Administration showed an unexpected build in US oil inventories. But crude prices regained upward momentum during Sept. 27 trading, hovering near 4-year highs. Source: News
Broader European gas diversification effort needed, forum told
European governments will need to broaden efforts to diversify their countries’ natural gas sources if they expect to keep Russia from regaining its previous dominance, speakers agreed during a Jamestown Foundation discussion about Baltic Energy Security. Stronger coalitions will be essential to create longer lasting solutions that benefit regions more than individual nations, they suggested. […]
Malaysia’s RAPID project receives first crude oil cargo
The jointly held Saudi Aramco-Petronas $27-28-billion Pengerang Integrated Complex in southeastern Johor, Malaysia, has received its first delivery of crude oil at Pengerang Deepwater Terminal 2, marking the transition into the commissioning phase for startup of the 300,000-b/d refinery and petrochemical integrated development (RAPID) project. Source: News
Evolution Midstream lets contract for Wyoming gas plant
Evolution Midstream has let a contract to John Wood Group for work on a gas processing plant now under construction in Converse County, Wyo., in the heart of central Wyoming’s South Powder River basin. As part of the multimillion-dollar contract, Wood will provide civil and mechanical construction services for the Jewell gas processing plant, the […]
McDermott details contract for Bay-Pol’s Bayport PE unit
McDermott International (formerly CB&I) has confirmed details of its scope of work on an earlier awarded contract by Bayport Polymers (Bay-Pol)—an equal joint venture of Total and the Borealis-Nova Chemicals JV Novealis Holdings—for the Borstar Bay3 project at Bay-Pol’s existing 400,000-tonne/year polyethylene production site in Bayport, Tex. Source: News
ExxonMobil starts up unit, plans expansion at Beaumont complex
ExxonMobil Corp. has commissioned a unit to increase ultralow-sulfur fuels production at its 366,000-b/d integrated refining complex in Beaumont, Tex. The selective cat-naphtha hydrofining (SCANfining) unit will increase production of ultralow-sulfur fuels by about 45,000 b/d, ExxonMobil said. Source: News
Saudi Aramco lets contract for Jazan IGCC complex
Saudi Aramco, through a contractor, has let a contract to EthosEnergy Group Ltd. affiliate Shanahan Engineering Ltd., Dublin, to provide commissioning services for the integrated gasification combined-cycle (IGCC) power block project adjacent to the 400,000-b/d Jazan refinery and associated marine terminal project at Jazan Economic City, in the southwest of Saudi Arabia, along the Red […]
Peru lifts force majeure from oil exploration block
PXP Energy Corp. said the force majeure has been lifted from Peru’s Block Z-38 following recent changes in that country’s hydrocarbon law. The offshore block is in the Tumbes basin. The disclosure came in a PXP statement that cited a corporate update from Karoon Gas Australia Ltd., Melbourne, which has operations in Australia, Brazil, and […]
Ecuador offers PSCs to attract oil, gas exploration
Ecuador’s ongoing Intracampos Licensing Round was designed to attract international investors based upon a switch from service contracts to production-sharing contracts (PSC). The licensing round involves eight onshore exploration blocks in the oil-prone Oriente basin. Source: News