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Petrochemicals

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.

Sulzer GTC wins award with SIBUR KSTOVO for benzene production complex modernization project in Russia

Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline processing technologies.

All Petrochemicals news

Digital Oil & Gas

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.

Aker to cooperate with Aramco on digitalization

Norway’s Aker and Saudi Aramco, the world’s biggest oil producer, have signed a memorandum of understanding to cooperate on industrial digitalization and green solutions.

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.

All Digital Oil & Gas news

Base Oils & Lubes

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.

Romgaz and SOCAR sign MoU on oil and gas production

Romanian natural gas producer Romgaz said on Friday it has signed a MoU with Azerbaijan's national oil company SOCAR on cooperation in oil and gas upstream projects.

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