Douglas-Westwood: growth prospects in the downstream MMO market
Expanding margins have provided a much needed boost to profits in the low oil price environment, particularly for large integrated operators.
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Short positions in West Texas Intermediate (WTI) crude oil futures contracts held by producers or merchants totalled more than 540 000 contracts as of 11 October 2016, according to the EIA.
ClearSign was engaged to retrofit Tricor's single burner, 15 million Btu/hr vertical cylindrical refinery heater in Bakersfield, California.
Total petroleum deliveries in September increased 1.0% from September 2015, but were down 2.6% from August to average 19.6 million bpd.
The IEA has welcomed Singapore as an Association Country, deepening the partnership between both sides for a more sustainable and secure energy future.
The UK Petroleum Industry Association's latest report sets out the key priorities for the downstream oil sector for a new relationship with the European Union and for a meaningful industrial and energy strategy.
Rosneft and an investment consortium led by Trafigura have signed agreements to acquire a 98% stake in Essar Oil.
Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, according to the EIA.
Air Liquide will invest around €55 million in a second hydrogen production unit for Axion in Campana, Buenos Aires, which will increase the hydrogen production capacity of the site.
Petrobras has announced its BoD has approved the initiative to sell NSS to the Taiyo Oil Company.
