Stephen George, KBC Process Technology Ltd, UK, provides an overview of the worldwide refining industry. In the first installment of this two part article, the value in Atlantic Basin refinery transactions is assessed against the context of the global economic downturn.
Nancy Yamaguchi, Contributing Editor, provides an overview of Japan's energy industry in the wake of the recent earthquake.
Total, operator of Block 17, today announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 km off Luanda in water depths ranging from 600 - 1200 m and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp up to its full production capacity of 220,000 bpd over the coming months.