Asia: Downstream roundup
A summary of recent downstream oil and gas news from India.
Stay up to date with the latest industry news and updates.
Total, operator of Block 17, today announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 km off Luanda in water depths ranging from 600 - 1200 m and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp up to its full production capacity of 220,000 bpd over the coming months.
How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?
It could take 9 months to a year for oil production to be fully restored according to the rebel government of Libya, but all existing contracts will be honoured.
The American Petroleum Institute has said that the White House should add new ozone, greenhouse gas and ‘Tier 3’ fuel regulations to list of unnecessary, costly regulations.
Oil prices have fallen sharply after news came out that rebel forces were close to victory in Tripoli, the capital of Libya. The rebels reached the city yesterday and have reportedly taken control of four fifths of the capital.
An update of news from refineries across the US and Canada
An update of news from the European refining sector.
AMETEK has won a UPS systems contract worth million for the Brazilian state owned company’s new refinery near Rio de Janero.
Grizzly Oil Sands, independent oil sands company based in Alberta, Canada, has awarded a US$ 4 million plus order to Rockwell Automation and its Global Solutions team.
