Leighton Offshore has been awarded a US$ 518 million contract which forms part of the Crude Oil Export Facility Reconstruction Project (the ‘Sea Line Project’), which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA).
Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.
The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.
Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million.
The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.
The French oil giant has begun outlining a merger between the refining and petrochemicals divisions, with a marketing division created separately. Also in France, a strike in a south eastern facility has been resolved.
Margins in the USA have been given a boost by lower crude prices. Elsewhere in the country, Murphy Oil sells two facilities while ConocoPhillips and Petrobras suffer following fires.
Global maintenance, construction and upgrading update from the downstream industry.
The BP Deepwater Horizon spill, pipeline leaks, population growth, urbanization, increasing demand, and opposition to the siting of new pipelines have combined to focus greater attention on pipeline safety. However, America is still heavily reliant on oil and there needs to be a compromise between pipeline security and the security of supply. By: Jude Clemente, JTC Energy Research Associates.
The NPRA have announced a name change that will be effective as of January 2012.
A round of news from refineries across the USA.
A roundup of downstream news from Europe.
A brief summary of recent downstream news from Asia and the Pacific region.
The American Petroleum Institute have said that the Environmental Protection Agency should delay production and refinery emissions rules.
Both crude oil rich nations seek cooperation for the utilisation of their vast reserves: Iraq to build refining capacity and Kuwait to secure long term supply relationships.