A Barrel Fulll Archive

 30/08/2017 Total has started-up production from the Edradour & Glenlivet gas and condensate fields , located in about 300 to 435 metres of water in the West of Shetland area, close to the Laggan-Tormore fields which came on stream in February 2016. The Edradour and Glenlivet development will bring additional production capacity of up to 56,000 barrels of oil equivalent a day (boe/d).  “The start-up of the Edradour & Glenlivet fields demonstrates Total’s ability to deliver projects, taking advantage of favourable market conditions and simplifying designs to optimise execution. We have completed this project ahead of schedule and 30% under the initial budget”, said Arnaud Breuillac, President Exploration & Production. “This development will contribute to our production growth in the North Sea.” The Edradour and Glenlivet development consists of a 35 kilometre tie-back of three subsea wells to the existing Laggan-Tormore production system, which include the 143 kilom...

May 24, 2017 INEOS today announced that it has agreed to acquire the Dong Oil & Gas Business from DONG Energy A/S for an unconditional payment of $1.05bn, plus a contingent payment of USD 150 million related to the Fredericia stabilisation plant and a contingent payment of up to USD 100 million subject to the development of the Rosebank field. In acquiring the entire DONG Oil & Gas Business, the deal positions INEOS as a top ten company in the North Sea and the biggest privately owned exploration and production business operating in this energy basin. DONG Energy’s Oil & Gas business brings with it a good mix of long life and development fields, producing an average of 100,000 boepd (in 2016) in the North Sea, with around 570 million boe of commercial and potential oil and gas reserves in Denmark, Norway and the UK (West of Shetland). Jim Ratcliffe, INEOS chairman says,”DONG Energy's Oil & Gas Business is a natural fit for INEOS as we continue to expand our Upstream...

 October 10, 2018 Saudi Aramco and the Bahrain Petroleum Company (BAPCO) today announced the successful commissioning of AB-4 pipeline, a new phase of the strategic Saudi Aramco-Bahrain crude oil pipeline to meet the Kingdom of Bahrain’s growing energy demand. The new pipeline is capable of transporting up to 350 thousand barrels per day of crude oil. The thirty inches diameter and 112 kilometers long AB-4 pipeline originates from Saudi Aramco’s Abqaiq Plants and terminates at the BAPCO Refinery in Bahrain. The pipeline consists of three segments i.e. a 42-km onshore Saudi segment, 28-km Bahrain onshore segment, and a 42-km offshore segment. The new pipeline is equipped with the latest technologies to ensure safety, environmental protection and hydrocarbon supply reliability for the next decades. On the other hand, the existing 73 years old pipeline system which has been supplying BAPCO with crude oil since 1945 will retire safely. “The commissioning of AB-4 pipeline is another ch...

 May 23, 2016 PT Pertamina (Persero) and Saudi Aramco have awarded the Engineering and Project Management Services Contract to conduct the Basic Engineering Design (BED) study for their joint Cilacap Refinery upgrade project to Amec Foster Wheeler Energy Limited. The contract was signed by Mr. Said Al-Hadrami, Vice President of International Operations, Saudi Aramco and Mr. Rachmad Hardadi, Refining Director of PT Pertamina at Pertamina’s Head Office in Jakarta, today. This follows a Heads of Agreement (HOA) which was signed by Pertamina and Saudi Aramco in November 2015 to formalize the collaboration for the project. "As the Cilacap refinery upgrade will be implemented jointly by Pertamina and Saudi Aramco, this milestone is considered as a significant achievement towards this joint venture formation. It is essential to have a strategic partner with both technical and financial capability to execute such a large project. Saudi Aramco is an ideal partner," said Rachmad Harda...

 Thursday 21st July 2016 Amec Foster Wheeler announces today it has been awarded an Engineering and Project Management Services Contract by PT Pertamina (Persero) and Saudi Aramco for the upgrade and expansion of the 348,000 barrels per day Cilacap Refinery in Central Java. Over the next nine months, Amec Foster Wheeler will conduct the basic engineering design study, develop the scope for the proposed project and finalise the process configuration and licensors’ packages. This is a strategic project for Indonesia’s Oil & Gas industry, in one of Asia’s fastest growing economies with a growing energy demand. We will combine our in-depth refinery expertise from our Reading, UK, operation, together with our strong Asian operations, to deliver the best of Amec Foster Wheeler for this important project. Roberto Penno, Amec Foster Wheeler Group President for Asia, Middle East, Africa & Southern Europe The upgrade of the Cilacap Refinery is part of Pertamina’s Refinery Developmen...

 2015-11-26 Vice President of the Republic of Indonesia Jusuf Kalla inaugurated the operation of the Residual Fluid Catalytic Cracking Refinery Unit IV Cilacap which has successfully utilized residue into high-value refinery products. RFCC will process feed stock in the form of LSWR (Low Sulfur Waxy Residue) of 62,000 barrels per day, which is produced from Crude Distillation Unit (CDU) II into high-value products, namely HOMC, increased LPG production and new Propylene products. The project with an investment value of US $ 846.89 million was carried out by the Adhi-GS E&C consortium. RFCC has 21 units of equipment and has successfully operated and delivered its first product on September 30, 2015. When operating 100%, RFCC can produce HOMC around 37,000 barrels per day, 1,066 tonnes per day of LPG, and 430 tonnes per day of propylene. Of the HOMC production, most of it is further processed to be produced into Premium. Currently, Premium production from the Cilacap refinery is...

 June 25, 2018 Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) announced today that they have signed a Framework Agreement to jointly develop the Ratnagiri Refinery and Petrochemicals Limited (RRPCL) , a 1.2 million barrels per day integrated mega refinery and petrochemicals complex at Ratnagiri, 215 miles south of Mumbai in Maharashtra, India. The Framework Agreement was signed by Amin Nasser, CEO of Saudi Aramco, His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO. The agreement defines the principles of the joint strategic cooperation between Saudi Aramco and ADNOC to jointly build, own and operate the complex in collaboration with a consortium of Indian national oil companies currently consisting of Indian Oil Corporation Ltd. (IOCl), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL). Saudi Aramco and ADNOC will jointly own 50% of the new joint venture Company RRPCL, with the remaining 50% owned ...

 September 26, 2018 Pengerang Refining and Petrochemical (PRefChem) on Monday achieved a significant milestone in the construction of its refinery at the Pengerang Integrated Complex (PIC) with the arrival of the first crude oil cargo at Pengerang Deepwater Terminal 2 (PDT2), marking its transition into commissioning phase for startup. With a refining capacity of 300,000 barrels of crude oil per day, the refinery — upon completion — will produce a range of refined petroleum products (including gasoline and diesel) that meet Euro 5 fuel specifications. Additionally, the refinery will provide feedstock for the integrated petrochemicals complex within the PIC, which has the capacity to produce 3.3 million tonnes per annum. Ready to move forward “The arrival of the cargo signifies our readiness to move forward to startup and commercial operations,” said PRefChem CEO Colin Wong Hee Huing. “We are proud to have overcome the challenges in building this mega-structure and remain on track ...

 November 01, 2018 Saudi Aramco and SABIC have announced their selection of Yanbu, on the west coast of Saudi Arabia, as the site for the development of an integrated industrial complex to convert crude oil to chemicals (COTC). The announcement by Saudi Aramco and SABIC, the two largest industrial entities in the Kingdom, reflects the high importance both companies place on making the Kingdom a key hub for global chemicals production. The complex will utilize an economically viable, innovative configuration to convert crude oil to chemicals. This process is unprecedented in the industry. The COTC complex is expected to process 400,000 barrels per day of crude oil, which will produce approximately 9 million tons of chemicals and base oils annually and is expected to start operations in 2025. The complex is expected to create an estimated 30,000 direct and indirect jobs, further stimulating the Kingdom’s economic diversification efforts. By 2030 the COTC complex is expected to have ...

 April 30, 2018  KBR, Inc. (NYSE: KBR) announced today that it has been awarded a contract by Saudi Arabian Oil Company (Saudi Aramco) and SABIC as the second Project Management Contractor (PMC) to provide Pre-Front End Engineering Design (Pre-FEED), Front End Engineering Design (FEED) and Program Management Services to develop the world's largest fully integrated C rude Oil to Chemicals (COTC) complex . The project, which will be located in the Kingdom of Saudi Arabia, will be executed from KBR's Houston, Al-Khobar and Chennai offices and is expected to continue through to the start-up of the facility in 2025. The COTC complex will be based on advanced refining technologies, innovative process configurations and proven conversion technologies that will create a fully integrated petrochemical complex which maximizes chemicals, further diversifying the petrochemical feedstock mix in the Kingdom. "We understand the strategic importance of the long term investment that Saudi ...

 Thursday 8th March 2018 Wood has been selected to develop the world’s largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC as the first PMC contractor. The company will provide front end engineering design (pre-FEED and FEED) and project management services during the engineering, procurement and construction (EPC) phase, supporting the development of the complex that is expected to process 400,000 barrels per day and approximately nine million tons of chemicals and base oils annually. The contract is expected to continue through to the start of operations, forecast for 2025. It will be executed from Wood’s Reading and Al-Khobar offices. We are proud to have been selected to be a contractor with Saudi Aramco and SABIC to deliver this significant greenfield onshore facility that will be a first for Saudi Arabia and among the first in the world to integrate the refinery and chemical process in this way. ...

 February 22, 2019 Saudi Aramco today signed an agreement to form a joint venture with NORINCO Group and Panjin Sincen to develop a fully integrated refining and petrochemical complex , located in the city of Panjin in the Liaoning province of China. The partners will create a new company, Huajin Aramco Petrochemical Co. Ltd., as part of a project that will include a 300 thousand barrel per day refinery with a 1.5 million metric tonnes per annum (mmtpa) ethylene cracker and a 1.3 mmtpa PX unit. Saudi Aramco will supply up to 70% of the crude feedstock for the complex, which is expected to start operations in 2024. Saudi Aramco CEO, Amin Nasser said: “Our agreement today with NORINCO and the Liaoning province is a clear demonstration of Saudi Aramco’s strategy to move from beyond a buyer-seller relationship, to one where we can make significant investments to contribute to China’s economic growth and development. Our participation in the integrated refining and petrochemical project...

 February 22, 2019 Saudi Aramco today signed three Memoranda of Understanding (MoUs) aimed at expanding its downstream presence in the Zhejiang province, one of the most developed regions in China. The company aims to acquire a 9% stake in Zhejiang Petrochemical’s 800,000 barrels per day integrated refinery and petrochemical complex, located in the city of Zhoushan . The first agreement was signed with the Zhoushan government to acquire its 9% stake in the project. The second agreement was signed with Rongsheng Petrochemical, Juhua Group, and Tongkun Group, who are the other shareholders of Zhejiang Petrochemical. Saudi Aramco’s involvement in the project will come with a long-term crude supply agreement and the ability to utilize Zhejiang Petrochemical’s large crude oil storage facility to serve its customers in the Asian region. An integral part of the project includes a third agreement with Zhejiang Energy to invest in a retail fuel network. The companies plan to build a large s...

 April 15, 2019 The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea's Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The investment is valued at approximately $ 1.25 billion. AOC’s investment in South Korea’s Hyundai Oilbank will support Saudi Aramco’s crude oil placement strategy by providing a dedicated outlet for Arabian crude oil to South Korea. Abdulaziz Al-Judaimi, Saudi Aramco’s Senior Vice President of Downstream, said: “Saudi Aramco continues to strengthen its position in the downstream sector. This acquisition demonstrates our investment in the highly complex refining sector in Asia, and continuous commitment to the region’s energy security and development.” Judaimi added : The investment supports Saudi Aramco’s broader downstream growth strategy, as well as pr...

 September 18, 2019 Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% interest of the SASREF joint venture in Jubail Industrial City , in the Kingdom of Saudi Arabia, for $631 million. Completion follows receipt of all necessary regulatory consents. The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term downstream growth strategy. For Shell, the sale is part of an ongoing effort integrating its refining portfolio with Shell Trading hubs and chemicals operations.

October 21, 2019 Ras Tanura Refinery Clean Fuels Project has placed its heaviest and largest piece of equipment — a naphtha splitter column weighing 544 tons. It took approximately three hours to complete the lift of this 65-meter high column after six weeks of site preparation and crane positioning. After six weeks of site preparation and crane positioning, it took only three hours to complete the lift of the 65-meter high column. For the lift, a 1,600 ton main crane was utilized together with a tailing crane with a total nominal capacity of 600 tons.  The 8-meter-diameter column required extensive coordination during transportation. This included disconnecting several overhead power cables to allow for safe passage and modifying the Jubail-Dhahran highway to avoid bridges. Three weeks from source to site The total transport from Jubail to the project site at the refinery was alternated between day and night to minimize community disruptions. It took three weeks from source to si...

 24 December 2016 Qatargas today announced the commercial start-up of Laffan Refinery 2 , marking a major milestone in the expansion of refining capacity in the State of Qatar. The project will refine 146,000 barrels per day of condensate from the North Field, the largest non-associated natural gas reserve in the world. Laffan Refinery 2 produces low Sulfur Euro-V specifications products such as Naphtha, Jet-A1, Ultra low Sulfur Diesel (ULSD), Propane and Butane for local and international markets. Alongside Laffan Refinery 1, this new facility is strategically important due to its role in diversifying Qatar’s energy mix, which will double the existing production capacity. Saad Sherida Al-Kaabi, Qatar Petroleum President and CEO, and Chairman of Qatargas Board of Directors, described the commercial start-up of Laffan Refinery 2 as “an important and strategic milestone for the unparalleled Qatargas facilities, which underscores its ability to safely execute and operate world-class f...

 January 04, 2021: L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won an order from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between Hindustan Petroleum Corporation (HPCL) and Government of Rajasthan. The engineering, procurement, construction and commissioning (EPCC) contract is for setting up a Petrochemical Fluidized Catalytic Cracking (PFCC) including Propylene Recovery Unit, EPCC-03 Package (capacity: 2.9 MMTPA), for Rajasthan Refinery Project at Barmer, Rajasthan. The unit is licensed by TechnipFMC. The PFCC will convert the heavy hydrocarbons from the Vacuum Distillation Unit to produce more valuable gasoline, diesel, propylene and lighter products by the process of catalytic cracking. Mr. Subramanian Sarma, Whole-time Director & Sr. EVP (Energy), Larsen & Toubro Limited and CEO & MD, LTHE said, “This is another package that LTHE has won from HRRL amid stiff global competition. It will be our endeavou...

 December 9th, 2014.  GTT (Gaztransport & Technigaz) (GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) is pleased to announce that the construction of the two LNG storage tanks ordered by EWC in Southeast Asia is progressing well. Energy World Corporation (EWC) and GTT signed two contracts for Land storage tank construction in Indonesia and the Philippines, to be equipped with GTT’s GST® Membrane Full Integrity System. For both projects, GTT supervises the detailed design of the storage tank containment systems, provides technical assistance on site during the containment systems installation and will assist the Operator during the whole tank life. The first project between EWC and GTT is the Sengkang LNG site development project, in Keera, province of South Sulawesi in Indonesia. So far, the walls of the 88.000m3 tank are completed since this summer and the roof installation will st...

 On September 20, 2019, Excelerate Energy L.P. (Excelerate) received the Notice to Proceed (NTP) from the Philippine Department of Energy (DOE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas per the DOE’s guidelines for “Rules and Regulation Governing the Philippine Natural Gas Industry.” The project, Luzon LNG , will supply natural gas, sourced from LNG, to existing and new gas-fired power plants in the region that provide electricity to Luzon including the area of Metro Manila. This abundant and secure source of gas supply will augment the existing gas production from the domestic Malampaya fields, as reserves from these fields begin to deplete. “We are pleased to have received this significant approval from the Government of the Philippines in supporting the country’s long-term energy objectives – this is an important milestone to move the project forward,” stated Excelerate Energy Chief Commercial Officer Daniel Bustos. “We look forwar...

1 SEPTEMBER 2020 Rio de Janeiro, Brazil  – On September 16, Excelerate Energy (“Excelerate”) successfully reached a send-out capacity of 1.06 billion cubic feet (BCF) of natural gas on its floating storage and regasification unit (FSRU) Experience – an industry record. The operation was completed during a performance test at the Guanabara Bay liquefied natural gas (LNG) regasification terminal in Rio de Janeiro, Brazil. The test was conducted as a requirement for authorization to expand the terminal’s operational capacity from .71 BCF to its maximum capacity of 1 BCF. “This milestone is significant in that it demonstrates the capabilities of our FSRUs as a viable LNG importation solution that can grow with the changing needs of the market,” stated Excelerate Chief Commercial Officer Daniel Bustos. “We commend our crew for the safe and successful completion of this unprecedented test.”

December 07, 2018  Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the company has signed deals for construction of a floating storage and regasification unit (FSRU) (*1), FSRU services, and financing for the Jawa 1 Gas-Fired Project , through PT Jawa Satu Regas (JSR), a joint company of PT Pertamina (Persero; President & CEO: Nicke Widyawati; headquarters: Jakarta, Indonesia), Marubeni Corporation (President & CEO: Fumiya Kokubu; headquarters: Chuo-ku, Tokyo), and Sojitz Corporation (President & CEO: Masayoshi Fujimoto; headquarters: Chiyoda-ku, Tokyo)etc. MOL is entrusted with FSRU construction supervision, maintenance, and operation services. In this project, PT Jawa Satu Power(JSP), jointly established by Pertamina, Marubeni, and Sojitz, will build, own, and operate a gas-fired power plant with a generating capacity of 1,760MW in Indonesia's West Java province while JSR will build, own, and operate a FSRU at sea to storage ...