Refining

Tsakos Energy Navigation Ltd has announced a long-term suezmax charter to a major oil concern, which is expected to generate US18.5 million in revenue.

Actemium Oil & Gas Major Projects has chosen to further strengthen its cooperation with Intergraph to increase productivity and efficiency in complex engineering projects.

Shell Chemical LP has announced the final investment decision to increase alpha olefins production at its chemical manufacturing site in Geismar, Louisiana.

Spurred by second generation feedstock, the biofuel enzymes market is growing, according to BCC research.

Euronav NV has announced that the Board of Directors has unanimously appointed Carl Steen as member of the Board and has elected him Chairman.

Sumitomo Chemical will license its technologies of manufacturing polypropylene (PP) and propylene oxide (PO) to South Korea’s S-OIL Corp.

The leak detection market for oil and gas is expected to grow at a CAGR of 7.1% between 2015 and 2020.

Iran will have finished the construction of three petrochemical units by March 2016, and is working on three more.

The relationship between India and the IEA took a further step forward on 27 November with the launch in New Delhi of the India Energy Outlook.

Alimak has received an order from the Middle East for industrial elevators to be installed in an oil refinery.

The Honorable Dr. Emmanuel Kachikwu, Minister of State Petroleum Resources of Nigeria and senior NNPC officials met with a diverse group of government officials and leading energy companies to debate potential investment opportunities in Nigeria.

US retail regular grade gasoline prices continue to decline, averaging US$2.09/gal. as of 23 November, US$0.73 lower than this time last year.

Questar has received approval from the Utah and Wyoming public service commissions to include natural gas-producing properties under the Wexpro II Agreement.

Dr Colin Brown, Director of Engineering at the Institution of Mechanical Engineers, has responded to the UK government’s spending review.

The collapse in crude oil prices over the past year is taking its toll on the economies of most oil producing nations in the Middle East.