Refining

Research and Markets: Global turbomachinery market outlook for the oil and gas industry – growth, trends and forecasts (2015 - 2020).

Total is launching a ‘Plant 4.0’ corporate incubator to support deployment of digital technologies in its industrial activities.

World oil demand growth of 1.2 million bpd is forecast in 2016, as first signs of a slowdown appear, according to the IEA Oil Market Report.

The global market size of adsorbents, in terms of value, is projected to reach US$4.3 billion by 2020, at a CAGR of 6.3%.

Fitch expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates.

The project scope includes the license and engineering design of a grassroots propane and butane dehydrogenation unit to be built in Dalian, Liaoning Province, China.

A range of measures have been completed at all Rosneft refineries, enabling the transition to Euro 5 standard gasoline and diesel fuel production.

Jacobs has been selected as a global engineering partner to BASF.

A joint venture between CB&I and CTCI Corporation has signed a contract with Oman Oil Refineries and Petroleum Industries Company.

Western Refining and Northern Tier have announced their joint definitive merger agreement.

Taking place on 12 - 13 April 2016 at the Dubai World Trade Centre, Tank World Expo is the definitive tank storage event for the MENA regions.

Pertamina and Saudi Aramco move closer towards forming a joint venture that will include a US$5 billion upgrade to an Indonesian refinery.

The Kaduna refinery has restarted production ahead of time, after being closed for several months for maintenance and repairs.

Nigerian state oil firm, NNPC, will award new crude for oil products swap agreements to Total, Varo Energy, Cepsa and ENI.

Sonangol and Eni have signed a commitment to upgrade the Lobito Refinery of Sonangol and have agreed on which instruments are needed to increase demand on investments into the upstream sector.