Abu Dhabi National Oil Co. (ADNOC) subsidiary ADNOC Refining (formerly Takreer) has commissioned a delayed coking unit as part of the operator’s carbon black and coker project (CBCP) at its more than 800,000-b/d Ruwais refining complex in the UAE. Source: News
MARKET WATCH: NYMEX, Brent crude prices fall on rising US rig count
The light, sweet crude oil contract for October fell to settle below $70/bbl on the New York market Aug. 31 while Brent crude oil for October also dropped but still managed to settle above $77/bbl for a third consecutive trading session. Despite moderate losses Aug. 31, oil prices have risen on a weekly basis for two […]
Spirit Energy farms in to drilling off UK
Spirit Energy Ltd. has agreed to fund the drilling of two exploratory wells and one appraisal well south of Hurricane Energy PLC’s Lancaster oil field under development in the West of Shetland area off the UK. The Transocean Leader semisubmersible rig will drill two horizontal exploratory wells on Hurricane Energy’s Warwick prospect and a horizontal […]