The UAE's economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand.
API has signed two separate MoUs with ASNT and NDTMA to support the industry’s shared goal of promoting quality non-destructive testing and examination, and enhanced safety for the natural gas and oil industry.
Aspen Technology's process simulation software is being integrated with BPCL's real-time crude assaying platform to achieve greater agility and more accurate decision making in feedstock selection.
ONEOK Inc. and Magellan Midstream Partners L.P. have announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction.
An oil sludge processing plant has commenced operations at Saneg’s Fergana oil refinery in Uzbekistan.
With rising inflation and increasing capital cost borrowing posing challenges for upcoming oil and gas projects, the industry’s disclosed contract value saw a significant quarter-on-quarter decrease of 48% in 1Q23.
In accordance with its ambition to reach carbon-neutral production by 2035, Neste is working on a 120 MW electrolyser project to produce green hydrogen at its Porvoo refinery in Finland.
All political parties must engage with the oil and gas industry to secure the strong pipeline of talent and skills needed to reach its legally-binding climate targets, according to a survey of Westminster MPs by Offshore Energies UK.
Five Phillips 66 refineries have been honoured by the AFPM for outstanding safety performance in 2022.
The American Fuel & Petrochemical Manufacturers (AFPM) has announced the winners of the 2022 Annual Safety Awards.
Lummus Technology has announced the startup of Shenghong Refining & Chemical (Lianyungang) Co. Ltd’s paraxylene unit, which is part of Shenghong's refining and petrochemical integrated project in China.
ExxonMobil has announced the beginning of operations at its Beaumont refinery expansion, which has added 250 000 bpd of capacity and made the refinery one of the largest in the US.
Pertamina's Plaju refinery workers have launched the E-Workshop 2.0 application – the latest digital solution for efficient refinery maintenance.
Chart Industries and Wolf Carbon Solutions expand MoU on carbon capture utilisation and storage projects along Mt. Simon Hub System to include Howden equipment.
Sunfire has successfully installed a multi-megawatt high-temperature electrolyser for the production of green hydrogen at Neste's renewable products refinery in Rotterdam, the Netherlands.