Production & processing

oil production

JSC Gazpromneft-ONPZ has completed major upgrades to an existing unit at its 430,000-b/d Omsk refinery in Western Siberia to increase efficiency of diesel production. PJSC Gazprom Neft subsidiary JSC Gazpromneft-ONPZ has completed major upgrades to an existing unit at its 430,000-b/d Omsk refinery in Western Siberia to increase efficiency of diesel production as part of …

Oil production

The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters. Before oil prices collapsed in the wake of failed OPEC talks earlier this month, the consultancy had …

Hydrogen Taskforce

Earlier this week a cross-industry coalition was launched in UK Parliament with a goal of promoting large-scale deployment of hydrogen across the UK. Titled ‘Hydrogen Taskforce’, and comprised of hydrogen players Arup, Arval, Baxi, BNP Paribas, BOC, BP, Cadent, DBD, ITM Power, Shell and Storengy, the group has an objective to secure investment and support …

drilling

Plexus’ Russian licensee, Gusar, has placed an order for an additional set of POS-GRIP exploration rental jack-up drilling wellhead equipment. Plexus, the owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, said on Wednesday that this purchase by Gusar is in response to discussions between Gusar and its customers following the installation of a …

Wärtsilä

Wärtsilä and DNV GL have signed a Memorandum of Understanding (MoU) in which they agree to work together to contribute to the marine industry’s ongoing digital transformation. In particular, the two companies wish to further explore the potential use of digital technologies, collaborative data sharing, and standardization to enhance existing products and services, and to …

China

A grim situation for U.S. natural gas exporters has gotten even worse as the coronavirus outbreak sends global prices plunging on concern that China’s demand for the fuel will collapse. Suppliers of American liquefied natural gas were already under pressure from depressed prices arising from a global glut and an unusually mild domestic winter. Now, …