Royal Dutch Shell PLC subsidiary Shell Nederland Raffinaderij BV has commissioned a new solvent deasphalter unit at its 404,000-b/d Pernis refinery and integrated petrochemical production site in Rotterdam, the Netherlands. Source: News
Total, Sonatrach expand Algerian gas, petrochemicals development
State-owned Sonatrach SPA and Total SA have signed two agreements to further Algerian gas and petrochemicals development as part of the companies’ comprehensive partnership announced in 2017. Source: News
Cost-cutting trims Equinor outlay off Norway
Drilling-efficiency improvement and other cost-cutting measures have trimmed investment need for oil and gas fields Equinor is developing on the Norwegian continental shelf by 30 billion kroner ($4 billion) from original estimates. Source: News
Venture aims at ADNOC Drilling expansion
Abu Dhabi National Oil Co. said a strategic partnership agreement it has signed with Baker Hughes, a GE company, aims at expanding ADNOC Drilling into a “fully integrated drilling and well-construction provider.” Source: News
Egyptian refiner lets contract for new hydrocracking complex
Assiut Oil Refining Co., a subsidiary of Egyptian General Petroleum Corp., through a contractor, has let a 4-year contract to WorleyParsons Ltd. to provide project management consultancy for the Assiut hydrocracking complex in Upper Egypt. Source: News
Hromyk returns to Hunter Oil chief executive post
Andrew Hromyk has been named chief executive officer of Hunter Oil Corp., Vancouver, BC. Source: News
MARKET WATCH: Crude oil prices steady at the end of a volatile week
Crude oil prices were steady Friday on both the New York and London markets Oct. 5 with light, sweet crude and Brent crude prices hovering a within a 10¢-range of the previous day’s prices. Source: News
Oman-Kuwait JV lets contract for Duqm refinery
Duqm Refinery & Petrochemical Industries Co. LLC has let a contract to John Wood Group PLC to provide two of its proprietary Terrace Wall double-fired delayed coker heaters for the long-planned 230,000-b/d refinery and petrochemical complex to be built in the Duqm Special Economic Zone in Duqm, Al Wusta Governate, on the southeastern coast of […]
Watching Government: Pondering a post-NAFTA Mexico
Will the renegotiated North American Free Trade Agreement (now called the US-Mexico-Canada Agreement) help or hamper oil and gas development in Mexico? That will depend on the direction Andres Manuel Lopez Obrador’s administration moves once he becomes president on Dec. 1. Source: News
Husky Energy proposes MEG Energy share buyout
Husky Energy Inc. has proposed an unsolicited offer to acquire all shares of MEG Energy Corp. in a deal worth an estimated $3.3 billion (Can.). Both companies are based in Calgary. Source: News