Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment.
The company is engaged in the production of sugar and other sugar related activities via state-of-the-art manufacturing facilities equipped with a combined capacity of 21,500 tons of sugar per day
Crude prices nosedived from an average $55 per barrel in February to $33 in March and closed at around $20 end of March as demand slumped because of the pandemic
Under the terms of the deal, Total will acquire all of Tullow’s existing 33.3334 per cent stake in each of the Lake Albert project licenses EA1, EA1A, EA2 and EA3A and the proposed East African Crude Oil Pipeline (EACOP) system
The company had earlier announced about the temporary shut-down of operations at the company's Paradeep unit with effect from 24th March 2020 as a proactive measure towards the containment of the spread of COVID-19.
RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year
Upgraded solution drives safer, more profitable oil storage terminal operations through automation
Managed by Bapco and CLG, the Center of Excellence focuses on training operators using dynamic simulators in a distraction-free environment through interactive plant operation scenarios for effective cognitive retention
The project includes basic design for a 180,000 bpd refinery and Front End Engineering Design (FEED) study for its planned Phase III oil storage terminals in Fujairah
The project will help support the expansion of the existing refinery into an integrated petrochemical complex
The contract represent the latest collaboration between Novatek and CCC, which previously worked together on turbomachinery optimization and standardization for the Yamal LNG project
The joint venture has been established with the aim of verification and commercialization of the technology converting combustible waste into ethanol using the microbial catalyst
CRC and BP have agreed to explore opportunities to strengthen their co-operation on PTA sourcing and work together along the polyester value chain
Both companies have resumed stalled activities on projects while maintaining strict corona virus-related health and safety hygiene
Plans going forward are to further grow Mitsui Chemicals’ APEL business by capturing new demand in applications, such as automotive cameras, head-mounted displays and the medical sector
Comany had temporarily shut manufacturing operations at their plants in Chennai due to lockdown decision by the Government to control spread of COVID-19 infection
QP Operations (Refining) is now fully operating SEEF’s facilities. Additionally, this integration will bring no change to SEEF’s brand, which will remain fully in place
With the current TPE output, the total design capacity is set to increase to 135,000 m.t./yr
The project comprises two phases and will incorporate large-scale infrastructure including multiple purifiers and an extensive pipeline system
The project is the latest in a three-year relationship between London-headquartered ODE and Norwegian operator GASSCO, which is responsible for safe and efficient gas transportation from the Norwegian Continental Shelf to mainland Europe and the UK
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