Gazprom Neft adds rail project to Omsk refinery upgrade

PJSC Gazprom Neft has started construction of a railcar oil products-loading terminal, AUTN-1, at its 21.4 million-tonne/year Omsk refinery in Western Siberia as part of the ongoing modernization and upgrading program to reduce environmental impacts as well as improve processing capacities, conversion rates, energy efficiency, and production qualities at its Russian refineries by 2020. […]


Fitch forecasts increasing US rig counts

US exploration and production budgets are expanding for the first time since 2014, Fitch Ratings said, adding that its analysts expect higher US rig counts along with increased drilling and completion spending in 2017 compared with 2016. Source: News