Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in the […]

Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell plc (Shell), have reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, AL, to Vertex Energy Operating LLC (Vertex Energy). Vertex Energy is a U.S. owned, Texas-based specialty refiner of […]

With the recent signing of a progress acknowledgment statement between BUA Group and Axens of France for the former’s proposed 200,000barrels per day refinery in Akwa Ibom, KBR, Inc. has announced that it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group’s new, modern refinery facility in Nigeria. The […]

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).  The overall contract’s value is about USD 1.5 billion. […]

The Institute for Energy Security, IES, is predicting a 3– 5 per cent increase in both petrol and diesel prices at the pumps within the first 2 weeks of December, which makes up the first pricing window of the month Ghanaian Times reported. The energy think tank attributes the expected jump in fuel prices to […]

The world oil and gas sector was thrown into unprecedented economic crunch owing to the advent of novel pandemic that is currently bedeviling the global finance.  Major exploration and production companies have   penultimately announced delays and cancellations impacting minor projects, but the start-up dates of most major hydrocarbon projects are expected to be postponed by […]

McDermott a premier, fully-integrated provider of engineering and construction solutions to the energy industry has been awarded a large engineering and procurement contract from Azikel Petroleum for the modular 12,000 BPD Hydro-Skimming Refinery project. The facility will be located in Yenagoa, Bayelsa State Nigeria. The scope of the award includes the detailed engineering and design of […]

TechnipFMC  a global leader in subsea, onshore/offshore, and surface projects has signed an over $1 billion major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers new process units such as a Vacuum Distillation […]

ExxonMobil has considered reviewing of Jack-up drilling company Shelf Drilling contract. Shelf Drilling Company is one of the world’s largest jack-up contractors owning to number of its operational fleet size, has recently experienced another rig contract review within a short period. Dubai Petroleum was the first to cut the length of the Shelf Drilling Company […]

Airborne Oil & Gas has been awarded a large contract from an unnamed super-major through Oceaneering to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. It is believed to be the first Thermoplastic Composite Pipe solution of this type utilized in the region and expected to save the operator up to 40% […]