McKinsey: Cars, petrochemicals in oil-market ‘tug of war’

Demand for liquid hydrocarbons will become a “tug of war between growth the petrochemical sector and declining demand from passenger cars,” predict analysts at McKinsey & Co. in a report suggesting oil demand might peak in 2030. Source: News


Tatneft commissions unit at Tatarstan refinery

PJSC Tatneft, Almetyevsk, Russia, has commissioned a 2 million-tonne/year delayed coking unit at the 9 million-tpy refinery of subsidiary OJSC Taneco’s multiphase integrated refining and petrochemical complex in Nizhnekamsk, 250 km from Tatarstan’s capital city of Kazan. Source: News


Tatneft commissions unit at Tatarstan refinery

PJSC Tatneft, Almetyevsk, Russia, has commissioned a 2 million-tonne/year delayed coking unit at the 9 million-tpy refinery of subsidiary OJSC Taneco’s multiphase integrated refining and petrochemical complex in Nizhnekamsk, 250 km from Tatarstan’s capital city of Kazan. Source: News


Vaalco outlines temporary well shut-in status offshore Gabon

Houston independent Vaalco Energy Inc. maintains its 2016 production guidance of 3,700-4,500 boe/d, noting that a malfunction with pumps on one well offshore Gabon is being resolved. Meanwhile, Vaalco renegotiated terms with Transocean Ltd. after releasing the Constellation II rig offshore Gabon. Source: News