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Crude Oil Plummets to 18-Year Low

March 30, 2020 - in Energy, News, Oil & Gas

Source: Refinitiv Eikon   Desperate Times, Desperate Measures Today US WTI Crude oil prices dropped below $20 and have seen the lowest price since 2002.  It’s impossible to predict where the prices will go from here, but as demand continues to…

New ASCE Publication Provides Safety Recommendations for New and Existing Petrochemical Facilities

March 12, 2020 - in Energy, News, Oil & Gas

Reston, Va. – Seismic Evaluation and Design of Petrochemical and Other Industrial Facilities, Third Edition, provides practical recommendations affecting…

Wärtsilä signs 15-year Operation and maintenance agreement for El Salvador power plant

March 6, 2020 - in Energy, Oil & Gas

Wärtsilä will operate and maintain Energía del Pacífico’s 378 MW power plant in El Salvador for the next 15 years when the plant commences operations…

Wärtsilä gas power plant will facilitate growth of Bangladeshi industrial complex

February 14, 2020 - in Energy, News, Oil & Gas

Mr Jillur Rahim, Managing Director of Wärtsilä Bangladesh Ltd and Mr Shamim Islam, Managing Director of Jamuna Power Ltd, signed the order of a 78 MW power plant from Wärtsilä to Jamuna industrial complex in Bangladesh in November 2019. Image courtesy…

Tech’s New Frontier? Oil and Gas

November 20, 2019 - in Energy, News, Oil & Gas

READ THE EXECUTIVE SUMMARY FOR "THE DIGITAL TRANSFORMATION OF OIL AND GAS" BOSTON - According to a new report from Lux Research, the oil companies of the future may resemble the tech companies of today. Moreover, if these companies fail to adapt to the changing…

Oil and gas projects led by Chinese contractors in the Middle East region stand at US$75.3bn, says GlobalData

November 15, 2019 - in Energy, News, Oil & Gas

The total value of oil and gas projects awarded to Chinese contractors in the Middle East and North Africa (MENA) region, from stage of announcement to execution, stands at US$75.3bn, of which US$68.1bn relates to projects in execution, according to GlobalData,…

API Issues Three New Integrity Management Standards for Offshore Natural Gas and Oil Production

September 11, 2019 - in Energy, News, Oil & Gas

WASHINGTON - Today, API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied…

China Set to Contribute 34% of Asia and Oceania’s Crude Distillation Units’ Capacity Growth by 2023, Says GlobalData

August 30, 2019 - in Energy, News, Oil & Gas

China is expected to drive capacity growth of 34% in Asia and Oceania’s refinery crude distillation units (CDUs) from planned and announced (new-build) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s…

Low-carbon Neste MY Renewable Diesel now available in Oregon, US

August 16, 2019 - in Energy, News, Oil & Gas

With climate change at the forefront of the global conversation, Neste, the world’s largest producer of renewable diesel fuel, is making reducing CO2 emissions more accessible to fleet owners in Oregon, US. The company is proud to announce an exclusive partnership…

Germany Set to Have 635bcf New-Build LNG Regasification Capacity, Contributing 31% of Europe’s Capacity Growth by 2023, says GlobalData

August 14, 2019 - in Energy, Oil & Gas

Germany is expected to drive capacity growth in Europe’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 31% of Europe’s total growth,…