ABU DHABI: The Abu Dhabi Oil Refining Company, known as Takreer, signed agreements worth $9.6 billion with four Korean companies to double its oil refining capacity.
SYDNEY: Australia has forecast a dramatic surge in gas exports over the next six years, powered by strong Asian demand, in a bullish prediction that runs counter to fears that the global market is heading into oversupply.
This year RathGibson plans to focus on desalination, especially as it is the world leader in the manufacture of titanium-welded tubes. The company’s potential markets include the food, dairy, beverage and pharmaceutical sectors writes Mridula Bhattacharya
NEW YORK/HOUSTON: The newest threat to a vulnerable US oil refining industry may be looming 80 miles (130 km) off the coast of Florida, on the Island of Grand Bahama.
MOSCOW/TYUMEN: Global oil major BP no longer opposes its Russian arm TNK-BP’s overseas expansion, a Russian co-owner of TNK-BP said.
The readers of Control Engineering have selected ABB’s cpmPlus Energy Manager software to receive the magazine’s 2010 Engineers’ Choice award for the best new product in the “Dashboard Software – Energy” category. The magazine’s readers chose the top product in each voting category based on the product’s technological impact, service to the industry and market impact.
LONDON: The Organization of the Petroleum Exporting Countries’ (Opec) crude oil supply rose in February to the highest in 14 months led by Angola and Saudi Arabia, a Reuters survey showed, further reducing compliance with output targets.
Yokogawa is Shell’s main automation contractor
SANAA: Yemen wants to invest $1.5 billion to boost power generation capacity by almost 1,400 megawatts (MW) to end constant outages across the country, grappling with al Qaeda, instability and poverty, officials said.