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Petrochemicals

Lukoil plans to develop in petrochemical industry

LUKOIL has seriously set its sights on the development of a petrochemical chemistry block. The company has already been working on the processing of propylene and methane projects, the involvement of ethane and LPGs is also considered.

SOCAR to increase carbamide production

Azerbaijani carbamide plant promises to secure additional funds for the budget as it plans to increase its overall production to help the government with reducing imports.

Sibur criticized the initiative of the Ministry of Finance of Russia on the tax on raw materials for petrochemicals

Benefits for oil companies may turn into problems for Sibur - the Ministry of Finance of Russia proposed introducing a tax on associated petroleum gas, which is a key raw material for the petrochemical company, RBC reports.

All Petrochemicals news

Digital Oil & Gas

NPCC picks Microsoft, Aveva for $11m digitisation deal

Abu Dhabi-headquartered NPCC has made an investment of $10.9m in partnership with Microsoft and Aveva for its five-year digital transformation plan.

Data analytics’ problem: the tools are helpful, but it’s hard to get people to use them

Romania’s OMV Petrom is using soft power to get employees to use its new data-analytics tools.

AI sensors keep fuel flowing at the Royal Dutch Shell refinery

Last year Shell started using machine learning to better analyse and process the data from 50,000 sensors that generate 100,000 measurements a minute. The model was designed to predict failures in control valves, sometimes months in advance.

All Digital Oil & Gas news

Base Oils & Lubes

American scientists developed a method of processing polyethylene bags into lubricants

A group of scientists from the Argonne National Laboratory in Illinois has developed a method to produce lubricants from single-use polyethylene bags.

Shell retains leadership of the global lubricants market for 13th consecutive year

Shell remains the leading global supplier of finished lubricants for 13 consecutive years, according to Kline & Company’s “17th Edition Global Lubricants Industry: Market Analysis and Assessment: 2019 report.”

Romania permits Lukoil Overseas to start drilling Trident perimeter in the Black Sea

Romania has given Lukoil Overseas Atash. B.V., a Dutch subsidiary of Russia's Lukoil, the green light to start drilling the Trident perimeter of the Romanian waters of the Black Sea.

All Base Oils & Lubes news

Downstream

Worley is confirmed as a lead partner

Worley is now a lead partner for the Downstream Project Management event.

KMGI planning to double production capacity of Petromidia refinery

KMGI is looking to double the production capacity at the Petromidia Refinery. A decision in this regard could be made in the next 3-4 months after a feasibility study will be conducted.

SOCAR to provide managerial expertise to Antipinsky Refinery

SOCAR became a minority shareholder of the SOCAR Energoresurs Group

All Downstream news

Upstream

Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway

The contract was signed for gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.

Romanian GSP group manages drilling operation for Lukoil and Romgaz project

Comanescu bets on the promising Black Sea offshore gas projects as it is the only company in the region offering offshore integrated services.

Serinus to start drilling Moftinu-1004 gas well in Romania in 2020

Once successfully completed and tied-in, the Moftinu-1004 well will provide additional gas production to the Moftinu Gas Plant

All Upstream news