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Troitsk compressor station construction completed by RN-Krasnodarneftegaz

Troitsk compressor station construction completed by RN-Krasnodarneftegaz

Rosneft Oil Company’s subsidiary RN-Krasnodarneftegaz has wrapped up the construction of the Troitsk compressor station at the Anastasievsko-Troitskaya group of fields in Russia. The annual gas capacity of Troitsk compressor station is expected to be 300 million cubic metres. According to Rosneft, the new compressor station will get associated petroleum gas and low-pressure gas lift […]

Assiut oil refinery in Egypt : TechnipFMC set to begin EPC work on new hydrocracking complex

Assiut oil refinery in Egypt : TechnipFMC set to begin EPC work on new hydrocracking complex

TechnipFMC has completed the remaining conditions needed to begin work on the engineering, procurement, and construction (EPC) contract for the construction of a new hydrocracking complex for the Assiut oil refinery in Egypt. The more than $1 billion contract was awarded by Assiut National Oil Processing Company (ANOPC). Under the contract, TechnipFMC will provide EPC […]

Neste to close Naantali refinery in Finland, leaving 370 jobs at risk

Neste to close Naantali refinery in Finland, leaving 370 jobs at risk

Neste has decided to close its Naantali refinery in Finland by the end of March 2021 and also renew the operating model of its oil products business, leaving nearly 370 jobs at risk. In September 2020, the Finnish oil refining and marketing company revealed plans to restructure its refining activities in Porvoo and Naantali for […]

Saudi Aramco awards contracts for oil and gas brownfield projects

Saudi Aramco awards contracts for oil and gas brownfield projects

Saudi Aramco has awarded contracts pertaining to its oil and gas brownfield and plant upgrade projects to eight companies. The long-term agreements (LTAs) with the companies are for a base period of six years, which can be extendable for six more years. The companies, which won the contracts are a consortium of Nasser Saeed Al-Hajri […]

ADNOC LNG signs LNG supply deals with Vitol and Total

ADNOC LNG signs LNG supply deals with Vitol and Total

ADNOC LNG, a subsidiary of ADNOC, and energy trader Vitol have signed a six-year supply agreement for the sale of 1.8 million tons per annum (mtpa) of post-2022 LNG volumes. The Abu Dhabi-based ADNOC LNG also signed a two-year supply agreement with French oil and gas giant Total for 0.75 mtpa of 2021 and 2022 […]

McDermott engaged for next phase of ethane cracking project in Russia

McDermott engaged for next phase of ethane cracking project in Russia

McDermott International has been awarded the next phase of an ethane cracking project in Russia from China National Chemical Engineering & Construction Corporation Seven (CC7). Last year, McDermott won a contract for the extended basic engineering on the petrochemical project. The same has been now expanded to cover the provision of the engineering and procurement […]

bp Kwinana oil refinery to be converted as fuel import terminal

bp Kwinana oil refinery to be converted as fuel import terminal

bp Australia, a subsidiary of oil and gas giant bp, said that it will stop fuel production at its Kwinana oil refinery in Kwinana Beach and ‎make it into a fuel import terminal to help ensure fuel supply security for Western ‎Australia. Closing of the refinery will leave 650 jobs at risk. Located near Fremantle, […]

Superior Plus acquires California-based Central Coast Propane

Superior Plus acquires California-based Central Coast Propane

Superior Plus, a US-based energy products distributor, said that one of its fully-owned subsidiaries has acquired Central Coast Propane, a retail propane distributor in Southern California. The financial terms of the deal were not revealed by the parties. Based in Paso Robles, Central Coast Propane has been operating since 1992. The independent retail propane distributor […]

Wellspring Capital Management acquires Cadence Petroleum

Wellspring Capital Management acquires Cadence Petroleum

Wellspring Capital Management has acquired Cadence Petroleum Group, a distributor of lubricant and fuel products across the eastern and central US. The acquisition has been carried out by the New York-based private equity firm alongside the management of Cadence Petroleum Group. Financial terms of the deal were not revealed. Tyson Pugh – Cadence Petroleum Group […]

Centrica strikes 15-year LNG supply deal with China’s Shenergy

Centrica strikes 15-year LNG supply deal with China’s Shenergy

British energy company Centrica has signed a binding 15-year sales and purchase agreement (SPA) for supplying 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG) to Shanghai government-owned Shenergy Group. The agreed LNG deliveries are anticipated to begin in 2024. In January 2020, the two companies signed a heads of agreement, which is […]

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