News

  • MOL Group lets contract for Danube refinery

    Hungary’s MOL Group has let a contract to Frames Group BV, Alphen aan den Rijn, the Netherlands, to supply a new hydrogen recovery and purification system for converting low-purity hydrogen by-product into a high-purity gas stream for subsequent processing at its 8.1-million tonnes/year Duna refinery…

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  • JDR to construct North Sea Elgood umbilical

    Subsea 7 has contracted JDR to supply a 9.3-km (5.8-mile) production and control umbilical, topsides equipment and subsea terminations for the Elgood field development in the UK southern North Sea.   The umbilical, due to be delivered next spring, will connect the Elgood subsea well…

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  • ABO Wind to build its first wind farm in Poland

    ABO Wind is off to a strong start in Poland. The company’s first Polish project will be constructed in 2021.   Donaborów wind farm is located about 90 kms northeast of Wroclaw and is planned to consist of 9 Siemens Gamesa SG114 turbines with a…

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  • Oil market outlook even more fragile as COVID-19 continues

    The oil market is even more fragile as the uncertainty created by COVID-19 shows little sign of abating, the International Energy Agency said in its September oil market report.   A resurgence of COVID-19 cases in many countries, local lockdown measures, continued teleworking, and the…

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  • Venezuela Turning Pipelines into Scrap Metal

    Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalise the country’s crumbling energy infrastructure to pay contractors with scrap metal.   Unlike the tar-like crude…

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  • Apache drills next target prospect offshore Suriname

    The drillship Noble Sam Croft has started drilling the Keskesi East-1 in block 58 offshore Suriname.   Operator Apache and partner Total plan to test upper Cretaceous targets in the Campanian and Santonian intervals at the location, 14 km (nine miles) south-east of the Sapakara…

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  • Neste to restructure Finnish refining operations

    Neste Corporation plans to restructure its refining operations in Finland as part of the operator’s strategy to ensure long-term competitiveness of its oil products business under a program that would involve permanently shuttering processing and production at its 58,000-b/d Naantali refinery.   Under the proposed…

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