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Global Oil Market Rebalancing Speeds Up, Belied By Inventories

The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.
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Coal to Be India's Energy Mainstay for Next 30 Years: Policy Paper

India aims to generate 175 gigawatts of electricity through renewables by 2022 and boost natural gas to 15 percent of its energy needs, from 6.5 percent currently.
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China's Norinco and Saudi Aramco Line Up $10B Refinery Plan

The investment would boost Aramco's presence in China's massive refining industry.
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Puma Energy Asia Sun Aims to Distribute Petroleum in Myanmar

Myanmar's fuel demand is rapidly rising and the country is fast becoming a key importer in the Southeast Asia region.
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Saudi Aramco Said to Make Leadership Changes Ahead of IPO

Aramco has announced plans to invest in the refining industry in the U.S. after the breakup of its 19-year Motiva refining partnership with Shell.
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Japan to Buy Up to 100,000 T LPG for National Stockpiles

Japan will likely conduct a tender in the autumn to buy up to 100,000 tonnes of LPG for national stockpiles, a trade ministry official said.
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Dutchman Wants to Deploy Barriers to Gather, Recycle Pacific Plastic

The project has the backing of companies such as dredger Boskalis and chemical group Akzo Nobel.
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Oil Rally Stalls as Market Awaits Signs US Supply Glut Easing

Oil investors are taking a break as they await further signs that US oil inventories are falling.
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Egypt Will Make $750MM Debt Payment To Oil Companies On June 1

Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer says.
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Moving the Oil, Gas Industry Forward in a Digital Age

Leaders from Lloyd's Register discuss the constant evolution of oil and gas technologies and how it will shape the worker of the future.
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Petronas Inks LNG MOU

Petronas inks a non-binding Memorandum of Understanding (MoU) with Gas4Sea partners to explore potential collaboration in promoting LNG as the preferred marine fuel.
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LyondellBasell Breaks Ground on Texas PE Project

According to LyondellBasell, the project will create up to 1,000 jobs at the peak of construction and 75 permanent positions during operations.
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Labour Party Pledges to Safeguard Offshore Oil Industry Jobs

The UK Labour party pledges to safeguard the offshore oil and gas industry and ban fracking in its 2017 manifesto.
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West Java Contract Goes to CB&I

PT Petrokimia Butadiene Indonesia (PBI) has awarded CB&I a contract for the license and engineering design of three proprietary technologies in West Java, Indonesia, CB&I announced Tuesday.
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Nigerian Oil Workers Extend ExxonMobil Strike To Chevron, Agip And Shell

Nigerian workers from an oil labor union have extended a strike to oil majors Chevron, Shell and Eni subsidiary Agip in protest over the sacking of members from Exxon Mobil Corp.
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Jacobs to Provide EPCM Services at BASF's Ludwigshafen Site

Jacobs Engineering Group will execute engineering, procurement and construction management (EPCM) services at BASF's Ludwigshafen Verbund chemical complex in Germany.
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Brent Bravo Platform Decommissioned, Will Run on Minimum Manning Mode

Wood Group will modify Shell's Brent Bravo platform in the North Sea to operate on minimum manning mode, following a decommissioning contract win.
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New Agreements In Argentina

Building on its energy business in Argentina, Siemens has announced agreements with Pampa Energia S.A. under which it will provide long-term service and maintenance at two power plants in the country. One agreement covers the SGT5-2000E gas turbine operating at the Genelba 21 simple cycle power plant for a period of 10 years. The other

The post New Agreements In Argentina appeared first on Diesel & Gas Turbine Worldwide.

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Taking A Virtual Power Walk

FAB Bertelmann Technologie, based in Dresden, Germany, is developing an intelligent toolkit which uses virtual reality to help design and configure power generation and powertrain projects. Using the features of the new software, called DyConcept – Toolkit, enables a database-based, time and cost-saving, effective, and automatized engineering workflow, the company said. A key feature of

The post Taking A Virtual Power Walk appeared first on Diesel & Gas Turbine Worldwide.

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Chevron Shuts First Gorgon LNG Export Plant Unit For Around A Month

Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month.
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