The 338,371 cbm tanker was welcomed at the new 300,000-tonne crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company’s “front terminal, rear plant” production model. Housed 1,100 metres from Sinopec’s refinery plant, the petrochemical port features eight terminals including a 300,000-tonne crude oil berth, 100,000-tonne …

Saudi Aramco is in early talks about further staggering payments for a controlling stake in local petrochemical giant Saudi Basic Industries Corp. as the collapse in oil prices puts pressure on its finances. State-owned Aramco is weighing pushing out payments for the 70% holding in the petrochemicals maker and reducing …

Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 73 cents, or 2.4%, at $30.24 a …

Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top producers. Brent crude futures were down 73 cents, or 2.4%, at $30.24 a …

Oil markets are driving a sense of optimism in the natural gas market “not seen in years,” according to analysts at the Bank of America Global Research. That’s because the collapse in oil prices accelerated the timeline for associated gas declines as many oil producers look to shut-in production or …

In its flexible form, polyurethane foam is commonly used in large-scale applications including automobile interiors, carpet underlay, mattresses, acoustic foam and many other types of cushions. Rigid forms of the foam are also popular in the construction industry, with building insulation a primary use. Though many of these items are …

Deputy head of Iran’s Geological Survey and Mineral Explorations (GSI) Mohammad Baqer Dorri said that GSI will apply its modern equipment to do mine explorations in the regional states as the country has done related operations in various regions of the world. “There are 68 kinds of minerals in Iran …

Despite – or perhaps because of – the global overhang in liquefied natural gas (LNG) supplies, a weak demand profile, and ongoing uncertainty in the hydrocarbons market overall, Qatar believes that the long experience and supportive infrastructure that it has accrued in the sector since first becoming an LNG exporter …

The global liquefied natural gas (LNG) sector has been hit by supply overhang followed by COVID-19-induced economic slowdown and lower demand worldwide. Haseeb Ahmed, oil and gas analyst at GlobalData, commented, “Due to the sharp fall in oil prices, spread between oil-indexed long-term LNG contracts and spot contracts have considerably …

A new technique for cooling solar panels has been under development in Egypt. A mixture of water, aluminum oxide, and calcium chloride hexahydrate cools the PV modules from underneath. This research, conducted in Cairo, builds on earlier research this spring that France’s Sunbooster was exploring. The technology found success and …