Europe
Burckhardt awarded modernization project at MOL petchem plant in Hungary
Burckhardt Compression was selected to modernize MOL Petrochemicals' third-party Hyper Compressor at its LDPE plant in Tiszaújváros, Hungary. The goal was to improve production performance and to establish a comprehensive, long-term service capability with a running-hours guarantee.
Rosneft eyes joint oil supplies to Egypt with Italy's Eni
SOCHI, Russia (Reuters) -- Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday.
Investors to press Shell over climate pay policy small print
LONDON (Reuters) -- Investors are pushing oil giant Royal Dutch Shell to explain the finer details of its plan to link executives' bonus pay to lowering carbon emissions, urging more transparency as the world shifts away from fossil fuels.
Moscow refinery to be back on line in 2–3 days after emergency shutdown
MOSCOW (Reuters) -- Moscow oil refinery, halted because of an emergency at the weekend, will resume production within two or three days, TASS news agency quoted the Russian energy ministry as saying.
Wärtsilä acquires Greensmith Energy Management Systems
The technology group Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., a US-based leader in intelligent energy storage technology and solutions, for an undisclosed amount. The acquisition of Greensmith will enable Wärtsilä to expand its footprint in the energy storage market.
Sasol, Linde enter long-term agreement for EPC services
JOHANNESBURG, South Africa/PULLACH, Germany — Sasol South Africa Limited, represented by Group Technology, a division of Sasol South Africa Ltd, has awarded The Linde Group’s Engineering Division a Professional Services Term Agreement for an initial term of two years with an option to extend.
BASF sees role of oil and gas unit declining further
MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.
Total inaugurates revamped Carling petrochemical complex
PARIS – Total has inaugurated its revamped Carling - Saint-Avold petrochemical complex in eastern France following three years of transformation works.
OMV: Refinery turnaround to shave $87 MM from Q2 operating profit
VIENNA (Reuters) -- Austrian oil and gas group OMV said on Thursday a six-week turnaround at its Schwechat refinery will shave off $87 MM from its second-quarter adjusted operating profit.
Wintershall says in talks with Libya to resolve oil export dispute
TUNIS (Reuters) -- Libya's oil production is running at above 800,000 bpd for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd.
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