Refining

Wärtsilä has announced that it has divested its pumps business to Solix Group.

Unit will convert heavy, higher sulfur residual oil into marine gasoil and diesel.

Latest report asserts that global oil supply/demand will be generally balanced in 2019, but product market weakness will build in 2020.

Investment in front-line oil and gas safety should be reviewed following cost cutting, according to Sofiyan Yahya, Founder and Advisor to MOGCS.

TechnipFMC will undertake EPC work at MIDOR’s existing Egypt refinery.

Fluor will undertake EPC work at Valero’s Pembroke Refinery.

CIBC will assist with the full project financing for Meridian’s Davis Refinery project.

IORM company to be aligned with Wolters Kluwer’s Enablon business unit.

hte – the high throughput experimentation company – supplied a high throughput catalyst testing system for hydroprocessing applications to Kuwait Petroleum Research and Technology (KPR&T / Q8 Research), an affiliate of Kuwait Petroleum Corporation (KPC). 

Latest report forecasts increased growth to be curtailed by a slowdown in global economic growth.

Metso is set to increase its valve production capacity in China to meet the growing global demand for reliable valve technology.

Reform and economic diversification are vital for their economies and for global energy markets.

The new CTO forms part of AUMA’s new general management team.

SOCAR has launched its STAR Refinery, with a processing capacity of 10 million tpy.

WorleyParsons has been awarded a project management consultancy contract for the new Assiut Hydrocracking Complex in Egypt.