Refining

TechnipFMC has declared that it will delay its separation into two companies due to the COVID-19 coronavirus pandemic and current market conditions.

Rystad Energy has estimated that oil prices could fall to US$20 as OPEC+ is capable of increasing production by 2.5 million bpd.

GlobalData has reported that 4Q19 saw merger and acquisition deals worth US$1.75 billion in the UK.

Maire Tecnimont has announced that its main subsidiaries have been granted contract awards for a total amount of €220 million.

Gazprom Neft has announced that it is installing a new integrated refining process management system at its Omsk Refinery.

GlobalData has reported that Iran is set to lead Middle East new-build refining capacity additions by 2024.

WEKA has fully licensed Toshniwal to produce WEKA magnetic level indicators locally, expanding its Indian presence.

Due to COVID-19, IHS Markit anticipates 1Q20 world oil demand to decline by the largest volume in history.

Sulzer has announced the opening of a new service centre in Riyadh, building on its local pump manufacturing capabilities.

The EIA has reported that less petroleum and other liquids consumed in the US is coming from refineries.

Gazprom Neft has announced that it has cut electricity, heat and fuel consumption and cost at its refineries.

Tai Piazza, Refining Industry Manager at VEGA Americas discusses the company's Multi-point Density Array (MDA) system and how it can be used for a more reliable and accurate ‘look’ at what is happening inside vessels.

FCI has announced that Adam Schleyhahn has been appointed to the position of director of sales.

Petroteq has announced that it has reached a new production milestone of 300 bpd at its Asphalt Ridge plant.

Curtiss-Wright has announced that it has entered into an agreement to acquire Dyna-Flo Control Valve Services.