A Barrel Fulll Archive

Dec. 29, 2018 Energy Transfer LP (NYSE: ET) announced that effective today its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and intrastate service. The 350-mile NGL pipeline transports domestically produced ethane, propane and butane east from processing plants in Ohio across West Virginia and Pennsylvania to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, PA, where the NGLs are stored for distribution to local, domestic and waterborne markets. Mariner East 2 is part of Energy Transfer’s Mariner East system of pipelines designed to provide much-needed NGL takeaway capacity for the Marcellus and Utica Shale production areas in Eastern Ohio, West Virginia and Western Pennsylvania. The Mariner East 2X pipeline, which parallels Mariner East 2, is expected to be in service in late 2019. The Mariner East system will provide both operational flexibility and enhanced security of NGL supply from producing areas to key mark

November 09, 2016 Sunoco Logistics Partners L.P. (NYSE: SXL) today announced a strategic joint venture with ExxonMobil (NYSE: XOM) in which the companies will form Permian Express Partners LLC to combine certain of their key crude oil logistics assets. Sunoco Logistics will contribute its Permian Express 1, Permian Express 2 and Permian Longview and Louisiana Access pipelines. ExxonMobil will contribute: its Longview to Louisiana and Pegasus pipelines; Hawkins gathering system; an idle pipeline in southern Oklahoma; and its Patoka, Illinois, terminal. This joint venture establishes a stronger crude oil logistics network to meet market demand, provides additional take-away opportunities for shippers, and expands ExxonMobil’s options to supply its network of refineries. Concurrent with the transaction, ExxonMobil and its affiliates will enter into a preferred provider agreement with the joint venture. Sunoco Logistics will be the majority owner and operator of the joint-venture’s asse

12 SEP 2023 Prime Minister Shri Narendra Modi, will lay the foundation stone  of Downstream Petrochemical Complex and Refinery Expansion Project , at BPCL’s Bina Refinery in Bina, Madhya Pradesh, on 14 th  September 2023. In line with the aspirations of New Bharat, BPCL has envisioned modern Petrochemical Complex in its BINA REFINERY at Bina, Sagar, Madhya Pradesh. Investment of Rs 49,000 Crore would bring prosperity and happiness in the entire region of Bundelkhand. Under this Project the capacity of Bina Refinery would be enhanced to 11 MMTPA which would produce more than 2200 Kiloton petrochemical products. The entire project would be completed in five years. The Ethylene Cracker Complex will use the captive feedstock like Naphtha, LPG, Kerosene, etc. from Bina Refinery. Once completed the Petrochemical Complex would bring many diversified employment opportunities to the young entrepreneur of Bundelkhand region. This Petrochemical Complex would open the door for various downstream b

Axens has been awarded by Uzbekneftegaz, the Uzbekistan’s state-owned oil and gas company, a Basic Engineering and License contract for the modernization project of Bukhara Oil Refinery . The target of this project is to enable the production of Euro 5 gasoline in compliance with the highest international standards. As a major licensor in the refining field, Axens has long-standing partnership with Uzbekneftegaz, accompanying Bukhara Oil Refinery with technical services and catalyst supply for the optimum operation of the plants since the first process units licensed by Axens’ were put in operation in 1997. As part of the project, Axens is providing the best-in-class process technologies coming from continuous research and development for the Naphtha Hydrotreating, C5/C6 Isomerization and 2-Stage PyGas Hydrogenation units. Together with the existing Naphtha Hydrotreater and CCR-Reforming Units originally licensed by Axens, these five units of the gasoline block will enable the producti

4th May 2021 Chennai Petroleum Corporation Limited (CPCL), a group company of Indian Oil Corporation Limited (IOCL), India, has selected Axens to supply several advanced technologies for its state-of-the-art 9 MTPA refinery to be set at Cauvery Basin at Nagapattinam in Tamil Nadu (southern part of India). CPCL’s Cauvery Basin Refinery (CBR) was commissioned in November 1993, to process Narimanam crude, initially with a capacity of 0.5 MMTPA further expanded to 1.0 MMTPA in 2002. CPCL is planning to expand the capacity of CBR by adding grassroots facilities at the same location of the existing refinery in Nagapattinam. For over a decade, Axens has built a strong and trustful relationship with CPCL for its Manali Refinery (10.5 MMTPA), involved in technologies, catalysts and services supply and supporting it through different projects. As part of this Cauvery Basin Refinery Project, Axens will provide the following technologies for: 1 Naphtha Hydrotreating Unit 1 Reforming unit (Octaniz

  Oct. 4, 2021 McDermott has won its fourth contract in India in 2021—­a key award from Chennai Petroleum Corporation Limited—for project management consultancy (PMC) and engineering, procurement and construction management (EPCM) consultancy services for Package 2 of Cauvery Basin Refinery Project in Nagapattinam, Tamil Nadu, India. "This award demonstrates our strategic commitment to support India's domestic energy goals and to broaden our portfolio with PMC services," said Samik Mukherjee, McDermott's Executive Vice President and Chief Operating Officer. "Our experienced workforce in Gurgaon and Chennai will apply their deep knowledge in downstream refining technology and in local project execution to work as a strategic partner, supporting the expansion of India's refining capacity." The new refinery complex will produce fuels to Bharat Stage (BS-VI) emissions standards, a higher standard of fuel that reduces carbon emissions, while continuing to ca

June 30, 2015 Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel , which is built at the Jurong Shipyard, located in Singapore. Technip will build on its experience in full range of offshore facilities to design the FPSO’s topsides. The FPSO will be based in the Libra field, offshore Brazil, at a water depth of approximately 2,500 meters. Once completed, it will have a capacity of 50,000 barrels of oil per day and 4 million cubic meters of natural gas per day. Technip’s operating center in Kuala Lumpur, Malaysia, will execute the contract which is scheduled for completion during the second semester of 2016. KK Lim, President of Technip in Asia Pacific, commented: “We are pleased to engineer the topsides of this FPSO that would be used for work on the Libra field in the ultra-deepwater section of

 29th January 2021 The Board of IndianOil at its meeting held on 29" January 2021 accorded approval for implementation of 9 MMTPA refinery at Cauvery Basin, Nagapattinam in Tamil Nadu by IndianOil's subsidiary company, Chennai Petroleum Corporation Limited (CPCL) at an estimated cost of Rs. 29,361 crore, to meet the demand of petroleum products in southern India.   The Board has also accorded ‘In Principle’ approval for formation of a joint venture between IndianOil and CPCL with equity holding of 50% (i.e. 25% each in the Joint Venture) and balance to be held by financial / strategic / public investors to be identified later, for implementation of the project, subject to approval of Niti Aayog and other statutory approvals. 

 17" March 2022 The Board of IndianOil at its meeting held on 16" March 2022 accorded approval for implementation of Poly-Butadiene Rubber (PBR) Project at IndianOil’s Naphtha Cracker Complex at Panipat , Haryana at an estimated investment of Rs.1459 crore which is expected to be operational by 2025.   The plant will have a PBR production capacity of 60,000 tonnes per annum based on state-of-the-art technology provided by Goodyear Tire & Rubber Company which is also the leading global manufacturer of automotive tyres. Butadiene is the primary raw material for the production of PBR which shall be available from existing Naphtha Cracker Complex of the Company.   Tyre industry is the largest consumer of PBR in India with more than 80%, while baiance is for other industries such as footwear, conveyor belts, etc. In view of the present deficit in PBR production in India and the steadily growing demand, the demand-supply deficit is expected to grow considerably in the f

21st March’ 2023 The IndianOil Board has accorded ‘Stage-I' approval for setting up Paradip Petrochemical Complex at Paradip, Odisha at an estimated cost of Rs 61,077 crore. This mega project will be largest-ever investment of IndianOil at a single location.   The petrochemical complex shall include a world-scale Cracker unit along with downstream process units for producing several petrochemical products including Poly propylene (PP), High Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Poly Vinyl Chloride (PVC) etc. It shall also facilitate production of niche chemicals and petrochemicals like Phenol and Iso Propyl Alcohol.   Talking of this transformative development, Mr Shrikant Madhav Vaidya, Chairman, IndianQil said, “This mega project is aligned with Hon'ble Prime Minister Narendra Modi's vision of Purvodaya that is sure to accelerate the development trajectory and fuel prosperity in Eastern India. This cutting-edge, state-of-the-art pe

Nov. 30, 2017 Teekay Offshore Partners L.P. (NYSE:TOO) (Teekay Offshore or the Partnership) announced today that its jointly owned floating production storage and offloading (FPSO) unit, the FPSO Pioneiro de Libra (Libra), has successfully achieved first oil and commenced its 12-year charter contract with a group of international oil companies, including Petrobras, Total, Shell, CNPC and CNOOC Limited, on the Libra oil field where it will perform early well tests. The Libra FPSO unit is the first unit to produce oil on the giant Libra block, which covers more than 1,500 square kilometers in the Santos Basin. The Libra FPSO is owned and operated by Teekay Offshore and Odebrecht Oil and Gas (OOG) through a 50/50 joint venture. The FPSO unit, which was converted from one of the Partnership’s shuttle tankers at Sembcorp Marine’s Jurong shipyard in Singapore, is designed to operate at water depths of up to 2,400 meters, with a production capacity of 50,000 barrels of oil per day and daily

October 3rd 2023 Voyageur Spirit FPSO to be redeployed and Shuttle Tanker Nordic Brasilia to be converted into FSO. Altera Infrastructure has been awarded contracts for redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Côte d’Ivoire. The vessels are set for deployment on the Baleine field with a 15-year firm contract. The development of the project will be on a fast-track schedule with a planned start-up date for Phase 2 in the fourth quarter 2024. The vessels, Voyageur Spirit and Nordic Brasilia, are currently undergoing life extension work and field specific modifications at Drydocks World in Dubai. Voyageur Spirit is a cylindrical shaped FPSO, that previously operated on the Huntington field in the North Sea until 2020. The shuttle tanker Nordic Brasilia will be converted into an FSO to provide additional storage capacity to the Voyageur FPSO. Altera will own and operate both vessels. The development o