News Articles

Meridian Energy awards FEED contract for Davis refinery

Meridian Energy has awarded a contract to McDermott International to finalise front-end engineering design (FEED) for Meridian’s grassroots 49.5kbd (2.475Mnta) high-conversion Davis refinery to be built in Billings County in the heart of southwestern North Dakota’s Bakken shale region.

St. Croix refinery restart by end of 2019

Limetree Bay Ventures has closed on $1.25 Bn financing to restart its St. Croix refinery. Work is currently underway to significantly ramp up activity over the coming months as the plant prepares for restart by the end of next year.

Construction of new hydrogen plant underway at Delaware City refinery

PBF Energy and partner The Linde Group have broken ground on a hydrogen plant at the Delaware City refinery, which will help the refinery convert more crude oil products into higher quality low sulphur fuels.

Alberta to cut oil output by 325kbd

The Alberta government has announced a curtailment of 325kbd (6.25Mnta) in oil production beginning in January 2019 as it responding to the historically high oil price differential that is costing the Canadian economy over $80 Mn/day.

Construction Persian Gulf Star refinery Phase 4 begins

Construction has start on Phase 4 of the Persian Gulf Star Refinery in the southern Hormozgan Province and is expected to be completed in less than two years.