Aruba delays refinery revamp amid US sanctions on Venezuela

Refineria di Aruba NV (RdA), a wholly owned incorporated company of the government of Aruba responsible for compliance monitoring of Citgo Petroleum Corp.’s Citgo Aruba Refinery NV, is putting a hold on the operator’s previously announced program to restart Valero Energy Corp.’s former 235,000-b/d refinery in San Nicolas, Aruba, as a result of US sanctions […]

Plastic waste renewal eyed for post-fossil fuel market

Petrochemicals are being eyed as a growth market as demand for gasoline and diesel for cars is forecast to wane. Oil companies are turning their attention to plastic waste. Source: News

Companies work to scale renewable energy alongside oil and gas

Calls for clear regulatory policies toward a lower-carbon economy are growing. The challenge to provide energy to a bourgeoning world population in a reliable, sustainable way is yet to be solved. Source: News

Extolling capitalism

For an industry to have to defend its interests by extolling capitalism seems retrograde. Has the economic system, imperfections and all, not proven to be superior to all others? Source: News

Texas: the state of energy

The Texas Independent Producers & Royalty Owners Association’s (TIPRO) fourth edition of its “State of Energy Report,” released earlier this month, contained many astounding findings, most of which touted Texas as an oil and natural gas producing powerhouse as well as a top oil and gas industry employer. Source: News

Aramco lets contracts for Marjan oil field work

Saudi Aramco has let two contracts to McDermott International Inc. for engineering, procurement, construction, and installation services for Marjan oil field offshore Saudi Arabia. Aramco is expanding production capacity of Marjan field, now 500,000 b/d, by 300,000 b/d. Source: News

Woodside-led group lets contract for Senegal SNE field FPSO

The Woodside Energy Ltd.-operated development phase of the SNE oil field offshore Senegal has let the front-end engineering and design contract for the floating production, storage, and offloading facility to MODEC International Inc. This follows award of the subsea FEED scope to Subsea Integration Alliance last December. Source: News

RockRose Energy to buy Marathon Oil’s UK business

Marathon Oil Corp. will exit the UK with a sale of its UK businesses Marathon Oil UK LLC (MOUK) and Marathon Oil West of Shetland Ltd. (MOWOS) to RockRose Energy PLC to further concentrate on its high margin, high return US resource plays. Source: News

Eni unit begins photovoltaic construction

Eni New Energy has begun construction of a photovoltaic plant with peak installed capacity of 31 Mw at the Porto Torres industrial site in Sardinia. Another Eni company, Syndial, is providing environmental remediation services in a broader reclamation project in the area. Source: News

ADNOC completes pipeline infrastructure investment agreement

Abu Dhabi National Oil Co. (ADNOC) entered into a landmark multibillion-dollar midstream pipeline infrastructure partnership with institutional investors KKR and BlackRock. Newly formed ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions for a 23-year period. Source: News