PV Oil Co., Vietnam’s state-owned oil marketing company, cut its offer price for Bach Ho crude loading from April to September after buyers rejected the initial level, said traders who received the offer. PV Oil Co. reduced its offer to a premium of $5.03 a barrel over its benchmark from $5.16 a barrel, said two [...]
Petrovietnam seeks Dung Quat refinery partner
January 7, 2009 by Leave a Comment
LOS ANGELES, Jan. 6 — Petrovietnam plans to sell a 49% stake in its Dung Quat refinery, which is scheduled to go online in February (OGJ Online, Dec. 11, 2008). “Petrovietnam would appraise the refinery’s value and negotiate with foreign partners before selling the stake,” said Petrovietnam chairman Dinh La Thang. The Vietnamese firm, which [...]
Happy New Year!
January 1, 2009 by Leave a Comment
Here is a big HAPPY NEW YEAR from all of us at www.epcpj.com, and We wish you many many happy returns! HAPPY NEW YEAR!!!
Technip to expand Angolan umbilical facility
December 16, 2008 by Leave a Comment
LOBITO, ANGOLA: Technip plans to expand its Angoflex umbilical manufacturing plant in Lobito, Angola, to meet a growing demand for longer length and larger diameter umbilicals in West Africa. The expansion of the facility is expected to be completed by 2010. Angoflex is a joint venture between Technip and Angolan national oil company Sonangol. The [...]
OCEANTEAM ASA agrees long term contract with Technip UK ltd
December 15, 2008 by Leave a Comment
Monday, Dec 15, 2008 Oceanteam ASA announced today that it has signed a contract with Technip UK Ltd for a vessel charter plus additional services for its Construction Support Vessel North Ocean 103 currently under construction in Vigo, Spain. The agreement will commence in 2009 for a minimum period of 8 years plus options for [...]
PetroVietnam to build facilities to sell 3.2 mln tons of products
December 15, 2008 by Leave a Comment
HANOI, Dec 15, 2008 (Asia In Focus via COMTEX) — ZZFNV | Quote | Chart | News | PowerRating — The PETROVIETNAM CORPORATION (PV OIL) has announced that it is building oil storage facilities and a distribution network to enable the sale of 3.2 million tonnes of products from the Dung Quat oil refinery. The [...]
Oil Refineries
December 14, 2008 by Leave a Comment
A refinery is a factory. A refinery takes a raw material (crude oil) and transforms it into petrol and hundreds of other useful products. A typical large refinery costs billions of pounds to build and millions more to run and upgrade. It runs around the clock 365 days a year, employs hundreds of people and [...]
FOSSILS INTO FUELS: Basic Knowlegde
December 14, 2008 by Leave a Comment
Crude oil, natural gas and coal are fossil fuels. Fossil fuels are very precious resources because they are non-renewable (once they’re used, that’s it!). We can also make lots of organic chemicals from them, needed to make products such as paints, detergents, polymers (including plastics), cosmetics and some medicines. Fossil fuels were formed from the fossillized [...]
First oil refinery to sell all products
December 13, 2008 by Leave a Comment
The PetroVietnam Corporation (PV Oil) has announced that it is building oil storage facilities and a distribution network to enable the sale of 3.2 million tonnes of products from the Dung Quat oil refinery. The nation?s first oil refinery in the central province of Quang Ngai is scheduled to commence operations by the end of [...]
Heat Treatment of Steels
December 12, 2008 by Leave a Comment
Heat Treatment of Steels 1.Definition Heating and cooling a solid metal or alloy in such a way as to obtain desired conditions or properties 2.Heat Treatment Methods -Spheroidization Anneal -Stress Relief -Full Annealing -Normalizing -Homogenization -Stabilizing a.Spheroidization Anneal -Heating and cooling to produce a spheroidal or globular form of carbide in steel. -Heating is done [...]