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Refining

Caspian Sunrise finalises merger

Caspian Sunrise has announced that it expects all conditions for the merger and the associated capitalisation of the Vertom loan, will be concluded by 1 June 2017.

 
 

Oil production cuts to continue

OPEC and non-OPEC countries have agreed to extend production cuts by a further nine months, following a meeting in Vienna, Austria.

 
 

KBR forms JV with BIV

KBR has announced its return to Malaysia with its joint venture with BIV Builders.

 

MPC appoints Associate Director

The Massachusetts Petroleum Council (MPC) has appointed David O’Donnell as its new Associate Director.

 
 
 
 

Second OPEC-India Energy Dialogue held

The high-level meeting saw presentations from OPEC on short-term oil market developments, as well as the long-term energy outlook.

 
 
 
 
 

ADNOC signs agreement with Penthol

ADNOC has signed an exclusive agreement with Penthol for Group III base oil sales into the USA through the Vertex-Penthol Partnership.