Middle East
Oil hits new two-and-a-half year highs as higher output looms
SINGAPORE/LONDON (Reuters) — Oil prices rose on Wednesday to new two-and-a-half year highs as robust output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran.
ADNOC, OCP sign long-term sulfur agreement
CASABLANCA, Morocco — The Abu Dhabi National Oil Company (ADNOC) and the OCP Group of Morocco (OCP) announced the signing of a long-term sales agreement whereby ADNOC will supply OCP with granulated sulfur.
Iran's oil production, exports not impacted by protests
DUBAI (Reuters) — Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week.
Iraq's exports from southern oilfields hit record 3.535 MMbpd in Dec
BAGHDAD (Reuters) — Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 MMbpd in December from 3.5 MMbpd the previous month, two oil officials said on Monday.
Saudi Arabia hikes gasoline prices
DUBAI (Reuters) — Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 330 active gas processing/LNG projects around the world.
Business Trends: The future of LNG—Part 1
Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development.
Industry Perspectives: New gas processing/LNG project announcements increase for the first time in three years
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year.
2018 Industry Leaders’ Viewpoints
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
Libya needs a week to repair blown-up oil pipeline
TRIPOLI/BENGHAZI, Libya (Reuters) — A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
