Pemex plans to modernize and optimize its operations through 2023 as the government of Mexico also promises tax reform that help. The chief executive officer of Mexico's state oil company, Petróleos Mexicanos (Pemex) presented the company's business plan for 2019-2023. CEO Octavio Romero Oropeza made the presentation with Mexican president...
Uzbekistan’s largest state-owned enterprise, the oil and gas company Uzbekneftegas (UNG), will be restructured to improve its long-term sustainability and credit quality following a decision by the country’s government to implement a corporate transformation plan prepared with support from the Asian Development Bank (ADB). The decision was announced in a decree signed...
Cortec has introduced a new water-based anti-corrosion coating. The VpCI®-386 coating fights corrosion while maintaining a safe environment for plant employees free of hazardous chemicals. Most powerful corrosion inhibitors are hazardous chemicals. So it can be challenging to balance corrosion protection and worker safety in manufacturing processes. Cortec® Corporation has...
KBR wins Freeport LNG Development's bid round for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. “We are excited to be selected for this significant project, and to continue to grow our leadership position in gas monetization,” said Stuart...
Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline (pygas) processing technologies. This includes design of the fractionation, first and second stage hydrotreating, aromatics extraction and thermal hydrodealkylation technologies. The system is intended to modernize gasoline production at SIBUR’s Kstovo olefins...
Indian Oil Corporation (IOC) is discussing how it can raise oil imports from Russia by cooperating with Russia's state oil company Rosneft, IOC’s chairman Sanjiv Singh said at ADIPEC this week. IOC is India's largest refiner. IOC has so far imported insignificant volumes of oil from Russia, and is now...
Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently's Orbit 60 Series is its next-generation condition monitoring and protection platform. Advantages of the Orbit 60 series according to a BHGE press release includes the following: • ...
Mexico's regulator has approved Shell's exploration plans for four deepwater areas, after it gave the green light to five others earlier this week, committing Royal Dutch Shell to invest at least $791 million. The plans stipulate that Anglo-Dutch Shell could invest up to $1.06 billion in the four blocks, mostly...
Weatherford International plc (OTC-PINK:WFTIQ) has signed two drilling services contracts totaling $67.4 million with two Russian majors. The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022. Weatherford will provide logging-while-drilling (LWD), measurement-while-drilling (MWD), rotary steerable systems (RSS), drilling, and geo-data...
Weatherford International is headed to bankruptcy court to try to slash its crushing debt load. On Friday, the services company said it planned to file under Chapter 11, and announced that its senior creditors are expected to facilitate financing that will sustain operations during bankruptcy and afterward. The company’s statement on...