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ADNOC Drilling Confirms $2 Billion in Contracts for Ghasha Mega Gas Project

ADNOC Drilling Company PJSC on Wednesday confirmed the award of contracts worth $2 billion to support the world’s largest offshore sour gas development, ADNOC’s Ghasha offshore mega gas project, offshore Abu Dhabi. The contracts are valued at $1.3 billion for Integrated Drilling Services (IDS), and $700 million for the provision of four island drilling units. […]

Gas Oil (Diesel)

Diesel is one of the major petroleum products produced from processing crude oil in a petroleum refinery. Diesel is one of the higher-valued light products (along with jet fuel and gasoline). It is used primarily in the transportation sector, and it is the primary fuel used in heavy-duty trucks and locomotives. Also, in some markets, it is used in light-duty cars and trucks. […]

Kerosene

  kerosene, also spelled kerosine, also called paraffin or paraffin oil, flammable hydrocarbon liquid commonly used as a fuel. Kerosene is typically pale yellow or colourless and has a not-unpleasant characteristic odour. It is obtained from petroleum and is used for burning in kerosene lamps and domestic heaters or furnaces, as a fuel or fuel component for jet engines, […]

QatarEnergy Awards $384,5M Offshore EPCI Deal to Milaha

Qatari company Milaha said Monday it had secured a five-year contract with QatarEnergy to deliver engineering, procurement, construction, and installation (EPCI) services for offshore projects in Qatar. The contract is worth QR 1.4 billion ($384,5 million). Eng. Mohammed Abdulla Swidan, Milaha’s PCEO said: “We are delighted to have been awarded this contract by QatarEnergy, which […]

Propylene

  Propylene (also called propene) is in the olefin family of chemicals. It is a byproduct of petroleum refining and a co-product of ethylene production. Propylene is a building-block chemical base for more complex chemicals. Chemicals created from propylene include, but are not limited to, propylene oxide, acrylonitrile, cumene and acrylic acid, which are used […]

Aviation Fuel

Aviation fuels are petroleum-based fuels, or petroleum and synthetic fuel blends, used to power aircraft. They have more stringent requirements than fuels used for ground use, such as heating and road transport, and contain additives to enhance or maintain properties important to fuel performance or handling. They are kerosene-based (JP-8 and Jet-A1) for gas turbine-powered […]

White Spirit

  Also known as: solvent naphtha, mineral spirit, varsol, mineral turpentine. Description of White Spirit White spirit (UK) or mineral spirits (US, Canada), also known as mineral turpentine, turpentine substitute, petroleum spirits, solvent naphtha (petroleum), Varsol, Stoddard solvent, or, generically, “paint thinner”, is a petroleum-derived clear liquid used as a common organic solvent in painting. […]

Global Market (July 2022)

Summary The index of Chinese purchasing managers in June due to the reduction of quarantine restrictions in important cities of this country and the expansionary policies of the Chinese government reached above 50, which shows the exit of businesses from recession. Also the assessment of economic activists indicates the return of prosperity to businesses related […]

Asphalt

Asphalt is a sustainable paving solution made from a mixture of aggregates, binder, and filler. Aggregates are processed mineral materials such as crushed rock, sand, gravel, slags, or various recycled materials. Binder is used to unite the aggregates together to form a cohesive mixture. Bitumen is most often used as the binder. Asphalt pavement consists […]

LPG Supply: Middle East Output Rising with Crude and Refining Activity

Global supply is expected to grow in 2022 reaching 10.1 million b/d and furthermore in 2023. New gas explorations in the Middle East will contribute to an increase in supply starting in 2024. In the meantime, increased refinery activity and crude production will contribute to supply growth from the region. Globally, the US and Canada […]