The agreement is for the supply of between 2000 and 4000 bpd from the Ohaji South Field in Nigeria.
The move is motivated by the company’s desire to maximise profit from the plant during the coming year when a vaccine for COVID-19 is being widely deployed.
The company will focus on enhancing the resilience and competitiveness of the Sines industrial site.
All Axens’ units of the Egyptian Refining Co. (ERC) refinery project are now successfully operating and reaching full production.
Neste has said that it has successfully processed 400 t of liquefied plastic waste at its refinery in Finland this autumn.
EnerMech has appointed Paul Cockerill as its Regional Director for the Middle East and Caspian as it seeks to further grow its upstream, downstream and petrochemical sectors in 2021.
For the week of Thanksgiving 2020, estimated consumption of major transportation fuels was 11% lower than during Thanksgiving week 2019, according to the EIA.
API has issued a statement confirming that it stands ready to work with the Biden administration on energy and climate policy.
John Bel Edwards has announced potential investment by ExxonMobil totalling more than US$240 million at the company’s Baton Rouge Refinery.
As part of the transaction, Petroleum Service Corp. will absorb Fryoux's tankerman operations along the US Gulf Coast.
The company's Refining capital budget includes US$521 million of sustaining capital for reliability, safety and environmental projects.
The company has been selected by a global O&G major to be the primary engineering partner to support two of the major's integrated refining and chemicals manufacturing facilities in the US.