Takreer reports fire at Ruwais refinery

Abu Dhabi Oil Refinery Co. (Takreer), the refining arm of state-owned Abu Dhabi National Oil Co., has confirmed a fire broke out on Jan. 11 at its recently expanded Ruwais refining complex in the UAE, about 240 km west of Abu Dhabi City. Source: News


Report calls for new framework to estimate social costs of carbon

The federal government should use a new framework to estimate carbon dioxide’s social cost for regulatory impact analysis that would strengthen the scientific basis, provide greater transparency, and improve characterization of the estimates’ uncertainties, a recent report from the National Academies of Sciences, Engineering & Medicine said. Source: News


WoodMac: New upstream projects to double globally in 2017

Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according to Wood Mackenzie Ltd.’s global upstream outlook. Source: News