RIL, BP begin second deepwater gas field in KG D6 block
The Satellite Cluster is the second of the three developments to come onstream, following the start-up of R Cluster in December 2020
BusinessToday.In | April 26, 2021 | Updated 09:19 IST
RIL and BP have been developing three deep-water gas developments in block KG D6 - R Cluster, Satellite Cluster and MJ
Reliance Industries Ltd (RIL) and BP on Monday, April 26, announced the start of production at the Satellite Cluster gas field in block KG D6 off the east coast of India.
RIL and BP have been developing three deep-water gas developments in block KG D6 - R Cluster, Satellite Cluster and MJ - which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15% of India s gas demand. The developments will each utilize the existing hub infrastructure in the KG D6 block.
Valero Plans $2 Billion Capex in 2021 as Refined Products Demand Increases
Industry Segment: Petroleum Refining | Word Count: 717 Words
Attachment: Valero Assets
SUGAR LAND April 26, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Refiner Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) faced outages at some of its facilities during Winter Storm Uri, but the company recovered quickly and remains optimistic about refined product demand as more people return to travelling. Valero expects capital investments to be approximately $2 billion this year, with about 60% of this going toward sustaining the business and 40% toward growth.
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TechnipFMC, Technip Energies Have Hand in More than $155 Billion in Projects
Industry Segment: Chemical Processing | Word Count: 762 Words
Attachment: Active Projects Involving TechnipFMC, TechnipEnergies
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IIR Top Refining News Today: April 21st 2021
Industry Segment: Petroleum Refining | Word Count: 387 Words
Phillips 66 will shut down the 30,000-BBL/d FCCU 40 on April 23 for a planned 28-day turnaround at its 145,000-BBL/d Borger, Texas, refinery; this event previously was planned to start May 1. The crude units will be slightly reduced during this turnaround.
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