Philippines government will not buy refinery
Offer from Petron to sell the facility perceived as a sign of discontent from oil companies in the country. Elsewhere, complexes in Taiwan and Singapore come back onstream.
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The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.
Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million.
The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.
The French oil giant has begun outlining a merger between the refining and petrochemicals divisions, with a marketing division created separately. Also in France, a strike in a south eastern facility has been resolved.
Margins in the USA have been given a boost by lower crude prices. Elsewhere in the country, Murphy Oil sells two facilities while ConocoPhillips and Petrobras suffer following fires.
Global maintenance, construction and upgrading update from the downstream industry.
The BP Deepwater Horizon spill, pipeline leaks, population growth, urbanization, increasing demand, and opposition to the siting of new pipelines have combined to focus greater attention on pipeline safety. However, America is still heavily reliant on oil and there needs to be a compromise between pipeline security and the security of supply. By: Jude Clemente, JTC Energy Research Associates.
The NPRA have announced a name change that will be effective as of January 2012.
A round of news from refineries across the USA.
