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Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from IOT Infrastructure & Energy Services Limited (IOT) (formerly Indian Oiltanking) to provide engineering services for Indian Oil Corporation Ltd.'s (IOCL) Delayed Coker Unit (DCU) project. The DCU will be built at IOCL's Guwahati, refinery in Assam, India. Officials did not disclose the contract value, however they indicated that the total installed cost of the project is estimated at US$60 million. IOT is executing this contract on an EPC basis for the Owner, IOCL. Jacobs will perform engineering and design services from their offices in India. In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are delighted to continue our working relationship with IOT as their engineering provider for process industry projects and we look forward to helping them meet IOCL's expectations for high-quality products." Indian Oil Corporation Ltd. is currently India's largest
by: abarrelfullabarrelfull
25 Aug 2010 06:08
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KBR (NYSE:KBR) today announced that it has been awarded two contracts by the Republic of Iraq Ministry of Oil through the South Refineries Company. KBR will provide licensing and basic engineering services for the construction of Fluid Catalytic Cracking (FCC) and Solvent Deasphalting (SDA) units at the planned grassroots Maissan Refinery in Maissan, Iraq. Work on the projects is expected to commence immediately. KBR will license its FCC Technology for an anticipated 47,500 barrels per day (BPD) FCC unit and its Residuum Oil Supercritical Extraction (ROSE(R)) technology for a 45,000 BPD SDA unit. The FCC unit will be delivered under a joint marketing alliance between KBR and ExxonMobil Research and Engineering Company (EMRE). "These awards mark the first wins for KBR's Technology Business in Iraq and provide KBR the opportunity to introduce two of its leading refining technologies into an important, emerging market," said Tim Challand, President, KBR Technology. "We look forw
by: abarrelfullabarrelfull
25 Aug 2010 06:06
1  
Shell today announced a binding agreement for the sale of Shell’s (100%-owned) Heide refinery (90 thousand barrels per day capacity) and associated local infrastructure and businesses in Germany to Klesch. The transaction is subject to regulatory approval. The agreement with Klesch marks the latest step in Shell’s Downstream strategy to reduce net refining capacity by 15%, to reduce our marketing footprint, and focus the portfolio on profitability and growth potential.
by: abarrelfullabarrelfull
20 Aug 2010 14:43
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BP Products North America Inc. (BP) and the US Occupational Safety and Health Administration (OSHA) have reached a settlement to resolve 270 of the 709 citations that OSHA issued to BP at its Texas City Refinery in October 2009. In these citations, OSHA alleges that BP failed to meet obligations set forth in a 2005 agreement with OSHA. These allegations relate to the continuing implementation of abatement activities following the 2005 accident at the Texas City Refinery. BP contested the citations and maintains that the refinery has undertaken extensive actions to enhance worker safety since 2005 in full conformance with the 2005 agreement. BP and OSHA elected to focus on resolving 270 "Failure to Abate" citations which are the subject of this settlement. Both parties have agreed to settle these matters and focus on moving forward collaboratively in order to continue to improve plant safety. This new agreement addresses the concerns that OSHA raised in these citations. BP is hopeful
by: abarrelfullabarrelfull
13 Aug 2010 12:01
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Saudi Aramco today signed several contracts with local and international contractors for the detailed Engineering, Procurement and Construction (EPC) of the Yanbu’ Export Refinery Project at Yanbu’ Industrial City, located in the Western Province of Saudi Arabia. The newly incorporated Red Sea Refining Company will be responsible for the execution and operation of this landmark project. EPC contracts for the major process units were awarded to: • Tecnicas Reunidas (Spain) - the Coker package • Saudi Services (Saudi Arabia) - High Voltage Electrical package • SK Engineering & Construction Company (South Korea) - Crude package • Dayim Punj Lloyd (Saudi Arabia) - Offsite Pipelines package • Daelim (South Korea) - Gasoline and Hydrocracker packages • Rajeh H Al-Marri (Saudi Arabia) - Onsite Pipeline Relocation package • ENPPI (Egypt) - Tank Farm package The Project Management Team advised that several remaining packages will be awarded over the next few months. Early t
by: abarrelfullabarrelfull
29 Jul 2010 06:28
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Murphy Oil Corporation (NYSE:MUR) announced today that its Board of Directors approved plans for exiting the Company’s refining businesses. The refineries at Superior, Wisconsin; Meraux, Louisiana and Milford Haven, Wales along with the retail system in the United Kingdom will be placed for sale. The Company anticipates a transaction being completed in the first quarter of 2011. President and CEO David Wood commented, “Murphy’s Upstream and U.S. Retail businesses have demonstrated marked growth and financial performance over the last several years. By exiting the refining business, we can fully focus our attention and resources on continuing that growth, developing a premier international upstream business and a top quartile U.S. retail franchise.” Goldman, Sachs & Co. is serving as exclusive financial advisor to Murphy during this process.
by: abarrelfullabarrelfull
27 Jul 2010 12:38
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ConocoPhillips, Rompetrol Rafinare S.A. and Rominserv S.A. Announce License and Technical Services Agreement for Delayed Coking Unit Revamp for the Rompetrol Petromidia Refinery, Romania
by: abarrelfullabarrelfull
13 Jul 2010 05:55
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SAUDI ARAMCO TOTAL Refining and Petrochemical Company (SATORP) completes US$8.5 Billion project financing for Jubail Refinery
by: abarrelfullabarrelfull
09 Jul 2010 11:11
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