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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.
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.
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.
Digital Oil & Gas
Abu Dhabi-headquartered NPCC has made an investment of $10.9m in partnership with Microsoft and Aveva for its five-year digital transformation plan.
Romania’s OMV Petrom is using soft power to get employees to use its new data-analytics tools.
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.
Base Oils & Lubes
A group of scientists from the Argonne National Laboratory in Illinois has developed a method to produce lubricants from single-use polyethylene bags.
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 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.
Worley is now a lead partner for the Downstream Project Management event.
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 became a minority shareholder of the SOCAR Energoresurs Group
The contract was signed for gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.
Comanescu bets on the promising Black Sea offshore gas projects as it is the only company in the region offering offshore integrated services.
Once successfully completed and tied-in, the Moftinu-1004 well will provide additional gas production to the Moftinu Gas Plant
Interview with Radi Basha, Partner, Abkons