Oil refinery news
Nexans power umbilical to provide a production boost for the Vigdis North Sea oil field
New, all-electric, actuated, multiphase subsea boosting station powered by a Nexans power umbilical will aid future oil recovery from Vigdis.
US exports compete for Asian crude trade
ESAI Energy has reported that reduced Venezuelan and Iranian exports will give America an advantage in the Asian crude trade.
Three year extension of KBR’s GMS Contract for SATORP
KBR will continue to provide General Maintenance Services at the SATORP refining and petrochemicals project in Saudi Arabia.
ITT acquires Rheinhütte Pumpen Group
In an expansion of its portfolio of industrial pump technologies, ITT has acquired Rheinhütte Pumpen Group.
Chevron completes acquisition of Pasadena Refining
Adding a second refinery to its Gulf Coast downstream business, Chevron acquires Pasadena Refining System, Inc.
McDermott awarded ADNOC FEED contract
McDermott to provide FEED services for ADNOC’s refinery project at the Ruwais Refinery in Abu Dhabi
IndianOil’s R&D Centre crosses milestone of 1000 patent filings
Starting in 1972, IndianOil’s R&D Centre has filed 1001 patent filings.
Saipem awarded contracts worth €500 million
Saipem has signed an EPC Contract and Preliminary Agreement for work in Russia and Serbia worth around €500 million.
Rompetrol plans digital transformation for its refinery operations
AspenTech will supply Rompetrol with software aiming to reduce unplanned downtime and maintenance costs.
IEA releases statement on global oil markets
The International Energy Agency notes that the global oil market is now adequately supplied but high oil prices should be avoided.