The notice is the latest force majeure claim issued in the LNG sector that is struggling with a seasonal plunge in demand as well as the spread of the coronavirus outbreak, which has further hammered the consumption of the super-chilled fuel globally
The company will reduce 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic
The new steam reforming catalyst has significantly reduced pressure drop, allowing the customer to benefit from a considerable increase in energy and production efficiency, leading to savings of more than €300 000 over the catalyst lifetime
Oilfield services giant to cut personnel and give the rest pay cut of up to 15%
Since the outbreak of coronavirus, countries across the globe have placed restrictions and announced lockdowns, which have shut businesses and stopped both air as well as road travel. India too announced a 21-day lockdown from March 25 which has led to slump in fuel demand
Technology agreement will offer solutions to optimize reservoir management
During the period, petrol and diesel are supplied to local depots and oil marketing companies and through pipelines to destinations in Hassan and Bengaluru in millions of litres per day to meet the administrative and transportation needs
Due to COVID-19 outbreak, several ongoing projects across the industry will likely be impacted, which could potentially put further stress on the global economy, according to GlobalData
Honeywell UOP announced that Shenghong Petrochemical Group will use five Honeywell UOP Polybed pressure swing adsorption (PSA) units to supply high-purity hydrogen for a new refinery complex in Lianyuangang, Jiangsu Province in China
Prices of natural gas was from April 1 cut to USD 2.39 per unit - a rate about 37 per cent lower than the cost of production
SPIG S.p.A.has been awarded a contract for more than $3 million by BASF Antwerp NV to design and supply two cooling towers a plant in Belgium
The anti-microbial coating when used on different surfaces such as textile, plastic could kill a range of virus types including COVID-19.
The maintenance contract is a continuation of a pilot project and represents a huge step within digitalization and predictive maintenance
Indian PSUs are expected to be hurt the most amid tepid domestic demand, high storage level and lesser access to export markets, especially inland refineries
The company is limiting non-essential activities at this time due to ongoing concerns related to the COVID-19 pandemic
The government had earlier this month invited expression of interest (EoI), or bids showing interest in buying its stake, by May 2
Company to provide technology-driven engineering services and feasibility studies in the petrochemical sector in Korea, Russian Federation and India.
Utkal Alumina International receives technological support from GEA to expand the capacity of its refinery in the state of Orissa, India
Asset Acquisitions in California and Delaware Add Nearly 300 Million Standard Cubic Feet Per Day of Hydrogen Production Capacity
Due to higher plant capacity, plateau production will increase from around 440,000 barrels of oil per day to around 470,000 barrels per day
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