Work starts on Leviathan field’s first phase

Wood Group has begun detailed engineering for the 30,000-ton fixed platform to be installed offshore Israel to handle production from deepwater Leviathan natural gas field. Source: News

Neste lets contract for Porvoo refinery

Neste Corp. has let a contract to Neste Jacobs Oy to provide advanced process automation technology for the fluid catalytic cracking (FCC) and FCC gas recovery units at its refinery in the Kilpilahti industrial area of Porvoo, Finland. Source: News

MARKET WATCH: NYMEX April crude oil contract settles under $54/bbl

Light, sweet crude oil prices for April dropped on the New York market Mar. 1 to settle just under $53.90/bbl while the May contract also dropped but settled at nearly $54.30/bbl. Oil prices fell on high US crude oil inventories and on a rising dollar. Source: News