Cairn-led group drills SNE-3 appraisal well offshore Senegal

A group led by Cairn Energy PLC has drilled the SNE-3 appraisal well offshore Senegal confirming the field’s upper reservoir units can flow at commercially viable rates and make a material contribution to oil volumes. Source: News


Limetree Bay Terminals names chief executive officer

Darius Sweet has been appointed as chief executive officer of Limetree Bay Terminals LLC, the joint venture of ArcLight Capital Partners LLC and Freepoint Commodities LLC that recently purchased idled storage terminals, refining units, and marine infrastructure at former Hovensa LLC’s idled refinery at Limetree Bay, on the island of St. Croix. Source: News


EIA: Latest STEO shows resilient oil output delaying market rebalance

In its latest Short-Term Energy Outlook, the US Energy Information Administration forecasts the price of Brent crude oil to average $34/bbl in 2016 compared with an earlier forecast of $37/bbl. In 2017, EIA forecasts Brent to average $40/bbl compared with $50/bbl in last month’s forecast. Source: News


Hengli lets technology contract for Chinese refining complex

Hengli Petrochemical (Dalian) Co. Ltd. (HPDC) has let a contract to a division of E.I. DuPont de Nemours & Co. to provide process technologies for an alkylation unit to be built at HPDC’s grassroots crude-to-paraxylene integrated refining and petrochemical project in Hengli Petrochemical Industrial Park (HPIP) on Changxing Island in Dalian, Liaoning Province, China. […]