Refining

The global base oil market is projected to reach US$41.68 billion by 2020, at a CAGR of 0.95% between 2015 and 2020.

Honeywell’s automation control system will help boost the college’s efforts to educate future engineers and operators.

UK firms are reporting strong demand for new engineering and technology staff with over half of employers (53%) currently seeking new recruits.

The global energy sector faces challenges to provide billions of people with permanent energy supplies, in a sustainable way, at acceptable prices.

ExxonMobil is achieving industry leading financial performance throughout the commodity price cycle by maintaining a focus on the fundamentals.

Turner & Townsend has appointed Simon Trafford to the role of Director and Country Manager for Oman.

The spot price of wholesale gasoline in Los Angeles fell as low as US$0.66/gal. on 18 February, the lowest spot gasoline price in the nation.

Siemens has signed far-reaching agreements with the Iranian MAPNA Group to strengthen their cooperation in order to modernise the energy infrastructure in Iran.

Statoil and Yokogawa will develop a system that can map noise levels in real time at Statoil’s plants and upstream facilities.

An International Trade Commission judge has ruled that Umicore infringed upon BASF and Argonne National Laboratory's patents in the US.

Companies and universities are collaborating in an initiative to improve awareness on how to optimise safety design of gas turbines.

Iraq was the second leading contributor to the growth in global oil supply in 2015, behind only the US.

Despite low crude oil prices, new US shale gas-derived chemical expansions continue to move forward.

Petroliam Nasional Berhad concluded an extremely difficult 2015 with lower revenue and profit after tax (PAT) amidst a depressed oil price environment and net impairment on assets.

Net income attributable to Western, excluding special items, was US$52.2 million, or US$0.56 per diluted share.