Sunday, February 16, 2020

End Product News

Belgium Launches Offshore Wind to Hydrogen Project

Photo: Port of Oostende

Belgium's Port of Oostende, the engineering services provider DEME Concessions NV and Belgium-based investment management company PMV have launched a project to establish a plant in the Oostende port that produces green hydrogen from the electricity produced at Belgium’s offshore wind farms.The goal of the project, HYPORT Oostende, is to build…

IMO 2020: Shell, HES to Resurrect Refinery

Royal Dutch Shell has struck a deal with Dutch tank terminal firm HES International to partially restart a German oil refinery mothballed since 2011 in response to new restrictions on marine fuels, two trading sources told Reuters.A new cap set by the International Maritime Organization (IMO) that will cut the sulfur content in shipping fuel…

Statoil’s 50 years to be Recorded

Statoil's history

Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions. «Statoil’s history» will be a historical fact-based research project to be ready for the company’s 50th anniversary in 2022.

AVEVA to Acquire FabTrol Systems

Richard Longdon, Chief Executive of AVEVA Photo by AVEVA

AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015. FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to the steel fabrication industry.

Baker Hughes' Misses Profit Target

Sharp fall in Gulf of Mexico activity also weighed on margins; expects higher fourth-quarter revenue and margins in N.America. Baker Hughes Inc, the world's No.3 oilfield services provider, reported a lower-than-expected profit as political tensions disrupted activity in Libya and Iraq, and a sharp fall in drilling in the Gulf of Mexico weighed on margins.

Despite Protests Gazprom Starts Arctic Oil Production

Prirazlomnaya offshore platform: Photo courtesy of Gazprom

Gazprom says it has started producing oil from the Prirazlomnoye field, which is the first Russian project for developing the Arctic shelf and the commencement, they say, of their large-scale activities aimed at creating a large hydrocarbon production center in the region. The Prirazlomnoye oil field [scene of an earlier Greenpeace protest] is located in the Pechora Sea, 60 kilometers off the shore.