Refining

The global drone market is set to grow from US$13.7 billion in 2021 to US$89.6 billion in 2030, aided by significant adoption in the oil and gas industry.

In 2Q22, China processed the least amount of crude oil since 1Q20, which is when the COVID-19 pandemic had the strongest effect on the country’s economic activity.

Nokia is enhancing its range of ruggedised user equipment for use in hazardous, flammable, explosive and dusty environments in the oil, gas and chemical industries.

Atlas Copco has acquired the operating assets of the compressor business of Mesa Equipment & Supply Co., which is located in New Mexico, US.

Elliott Group has announced the release of its new CO2Phase hybrid compressor pump solution, equipped to handle any project and/or equipment related to CO2 compression needs.

In April 2022, Neste announced that it would merge the company’s wholly-owned subsidiary, Neste Engineering Solutions Oy, into Neste Corp. The plan has now been completed, and the merger will take place on 1 October 2022.

Technip Energies and MetGen Oy are set to collaborate on the industrialisation of METNIN® technology, to support the valorisation of lignin.

Sanoat Energetika Guruhi (SEG), one of the largest oil and gas companies in Uzbekistan, has initiated a major upgrade to the newly-privatised Fergana oil refinery.

Nuberg EPC has announced that it has been selected by Indian Oil Corp. Ltd for the construction of 400 tpd sulfur recovery unit.

KBR has signed a master license and engineering agreement with Giammarco-Vertrocoke S.R.L. for KBR to license its carbon capture technology globally.

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China’s refineries have been processing less crude oil so far this year than last year, and the country has also been importing less crude oil. Despite lower crude oil imports overall, crude oil imports from Russia have increased.

Neste has launched a strategic study on transitioning its Porvoo refinery to a renewable and circular site.

31% of oil, gas and utility organisations cite tighter integration and collaboration across functions among the top two drivers for the adoption of enterprise software systems.

Mitsui Chemicals has asked Shell Catalysts & Technologies for its Shell S-896 catalyst, which is expected to provide economic benefits from raw material (ethylene) savings, and to help the organisation meet the decarbonisation goals of its refinery in Osaka, Japan.