ExxonMobil will sell its controlling stake in Esso (Thailand) Pcl, which runs a local refinery and retailing business, to rival Bangchak Corp. as the largest US oil company focuses on its home market and the production of lower-emission fuels.
Indonesian national oil company (NOC) Pertamina has a planned capital expenditure totalling $92 billion for the term 2020-24. The NOC will be seeking external funding and partnerships to meet this goal.
At Swinton Technology, we specialise in flow measurement within the oil and gas industry, through the supply of flow computing systems and metering software solutions. As part of our portfolio, we provide intelligent solutions for the industry with the aim of reducing the need for human intervention and constant system and equipment monitoring. Our solutions help to prevent costs associated with downtime and allows fiscally critical decisions to be made with ease, i.e. those that reduce metering uncertainty are prioritised before less significant actions.
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Extraordinary times call for extraordinary solutions. In response to the travel constraints in Europe, BGS Group, the organizer of PRC Europe 2020, has announced the launch of a new virtual platform - BGS online.
A global decline in the oil price since last year may have hindered upstream business in regions such as the UKCS.
But for Hungary's MOL Group, the lower oil price has prompted an unexpected boost in its downstream operations.
David Pullan, group downstream development senior vice president for the company, told delegates at the Central Eastern Europe and Turkey Refinery Summit in Budapest his side of the business had seen "very good" results.
In the third part of our week long series from MOL's headquarters in Hungary, we look to its successes in its downstream business.