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Shell, Valent invest in FORGE’s biofuel production plant in Sombra

Shell, Valent invest in FORGE’s biofuel production plant in Sombra

FORGE Hydrocarbons, a University of Alberta spin-off company, has secured equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies to help develop a CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. Shell Ventures has now joined the funders and collaborators of FORGE Hydrocarbons, which includes World Energy, Lockheed Martin, Sustainable […]

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel acquires petroleum marketer Kellerstrass Oil

Parkland Fuel Corporation has wrapped up its previously announced acquisition of Utah-based regional retail dealer and commercial fuel business Kellerstrass Oil Company. The Canadian independent fuel retailing company signed the deal last month through its fully owned US subsidiaries (collectively, called Parkland USA) to acquire the US petroleum marketer. Financial terms of the deal were […]

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

BPCL Polyols Petrochemical Project : Fluor bags PMC services contract

Fluor Corporation has bagged a contract to provide project management consultancy services (PMC services) for the Polyols Petrochemical Project in Kerala, India from Bharat Petroleum Corporation (BPCL). BPCL is developing a polyols manufacturing project at its existing refinery and petrochemicals complex at Ambalamugal, near Kochi (BPCL Kochi Refinery) with an investment of INR11,300 crore ($160 million), […]

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Martinez oil refinery sale : Equilon Enterprises, which trades as Shell Oil Products US, a subsidiary of Royal Dutch Shell, has formally wrapped up the $1.2 billion sale of the Martinez Refinery in California to PBF Holding Company, a subsidiary of PBF Energy. The sale, which was announced in July 2019, includes the oil refinery and inventory apart […]

EBRD offers $50m loan to upgrade SOPC oil refinery in Egypt

EBRD offers $50m loan to upgrade SOPC oil refinery in Egypt

The European Bank for Reconstruction and Development (EBRD) is providing support to Egypt’s greener oil and gas sector with a $50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company (SOPC). The proceeds from the loan will be utilized for improvements of the operational efficiency of the Egyptian oil refinery which […]

Al-Zour oil refinery project : COOEC-Fluor JV wraps up module program

Al-Zour oil refinery project : COOEC-Fluor JV wraps up module program

COOEC-Fluor Heavy Industries’ fabrication yard in Zhuhai, China, has wrapped up the entire module program for the Al-Zour oil refinery project being developed by Kuwait Integrated Petroleum Industries Company (KIPIC) in Kuwait. The joint venture supplied 188 modules in 20 separate shipments that have a combined weight of 65,000 metric tons for the refinery project […]

AFC joins Brahms Oil Refineries to advance Brahms refinery project, Guinea

AFC joins Brahms Oil Refineries to advance Brahms refinery project, Guinea

Brahms refinery project : Africa Finance Corporation (AFC) has signed an agreement with Brahms Oil Refineries, a part of the Switzerland-based Brahms Group, to join a petroleum storage and associated refinery project in Guinea. Located in Kamsar, the project will include a 76,000m3 crude oil storage terminal, a storage terminal with a capacity of 114,200m3 […]

Atlantic Gulf & Pacific invests in LNG vessel developer Kanfer Shipping

Atlantic Gulf & Pacific invests in LNG vessel developer Kanfer Shipping

Atlantic Gulf & Pacific (AG&P), a Singapore-based downstream gas and LNG logistics company, has made an equity investment in LNG vessel developer Kanfer Shipping. Based in Norway, Kanfer Shipping develops small-scale LNG sea transportation, floating storage facilities, maritime break-bulk solutions, and also LNG bunkering. Through their partnership, Kanfer Shipping and Atlantic Gulf & Pacific expect […]

McDermott wins contracts for two ethylene crackers in Russia

McDermott wins contracts for two ethylene crackers in Russia

McDermott International has bagged a technology contract from Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company (CC7) in Russia for a couple of ethylene crackers. The ethane cracking project is owned by Baltic Chemical Complex, which is a subsidiary of RusGazDobycha. Under the […]

Renewable Energy Group opens first biofuel station in Seneca, Illinois

Renewable Energy Group opens first biofuel station in Seneca, Illinois

Renewable Energy Group, a US-based advanced biofuel producer, has opened its first diesel fueling station in Seneca, Illinois. The round-the-clock, fully-automated station will serve biodiesel blended fuel to diesel customers from trucking fleets to local diesel vehicle owners. Cynthia Warner – REG President & CEO said: “This diesel fueling station is another example of how […]

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