Refining

Saudi Aramco will acquire a 17% stake in South Korea’s Hyundai Oilbank for approximately US$1.25 billion.

Marathon Petroleum Corp. to acquire a terminal and retail locations in Buffalo, New York.

A consortium led by Tube Tech International has received Horizon 2020 SME Instruments funding to develop flow technology for shell-and-tube heat exchangers.

Due to lower domestic crude demand, Russia will export 5.7 million bpd in April.

The agreement stipulates that Aramco will supply Arabian crude oil to the Polish oil refiner, PKN Orlen, in exchange for high sulfur fuel oil.

Weir has signed a Memorandum of Understanding with ASOIU to offer students workshops and hands-on training relating to the oil and gas industry.

Carl Ramsden will head up the company’s UK operations following the departure of Nigel Bowden.

PTT Global Chemical chose hte for an independent commercial catalyst evaluation in hydroprocessing prior to a change-out in 2020.

NES is expanding its specialist oil and gas staffing business to Port Arthur, Texas.

HRRL has selected Axens to supply technology for its new integrated refinery and petrochemical complex in Pachpadra Tehsil, India.

Wiltshire-based AMC, specialists in liquid measurement and flow control, will operate as a division of XL Group.

The Texas Commission on Environmental Quality has given Raven the green light regarding a proposed crude fractionation unit.

The Xiamen Sinolook Oil Co. Ltd will import ADNOC’s base oil, Adbase into China.

KBC, in partnership with INPEX Corp. and Heriot-Watt University, will launch a new research project to help mitigate mercury risk.

ClassNK has developed ‘Guidance for onboard use of Compliant Fuel Oil with SOx regulation from 2020’.