Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country’s oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.
Saudi crude oil supplies for China’s privately-run Zhejiang Petrochemical Corp will return to normal in October after a slight disruption last month following the attacks on Saudi Aramco’s facilities, two company officials said.
China’s privately owned Bora Enterprise Group has started construction of a $2.5 billion petrochemicals plant in northeast China as it looks to finalize a planned joint venture with LyondellBasell Industries (LYB.N), company sources said.
Asian LNG prices will likely be at their lowest, seasonally, in a decade by the end of the year as rapidly rising production outstrips feeble demand, weighed down by a global economic slowdown and the U.S.-China trade war, traders said.
Kosmos Energy, a U.S.-listed oil and gas exploration company, said the results of its appraisal drilling offshore Senegal were good enough to consider a second liquefied natural gas (LNG) export plant in the West African country.
Full restoration work on all three of Nigeria’s state-owned refineries will begin in January, the Nigerian National Petroleum Corporation (NNPC) said in a statement.
Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters.
Indonesia's state oil and gas company PT Pertamina said it had stopped an underwater leak from an oil well off West Java over the weekend after more than two months of spillages.
Honeywell announced that St1 Nordic Oy has licensed the UOP’s Ecofining™ renewable fuels technology to produce 4,000 barrels per day of diesel and jet fuel integrated with its refinery complex in Gothenburg, Sweden. Basic engineering design for the project has already been completed.
Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network while repairing and replacing installations damaged in the recent attacks.
BP Plc began a planned overhaul of the small gasoline-producing fluidic catalytic cracking unit (FCCU) at its 430,000 barrel-per-day (bpd) Whiting, Indiana, refinery, said sources familiar with plant operations.
Woodside Petroleum saidit has signed a preliminary agreement to supply liquefied natural gas (LNG) to German utility Uniper for 13 years starting in 2021, contingent on Woodside developing its Scarborough gas project.
Air Liquide announced an agreement with Methanex Corporation to supply oxygen, nitrogen and utilities to its upcoming methanol plant expansion project in Geismar, Louisiana.
Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world.
Australia-listed Liquefied Natural Gas Ltd said it signed a deal with a province in Vietnam to supply liquefied natural gas (LNG) from its Louisiana-based Magnolia project.
Air Liquide Philippines and Pilipinas Shell have signed a long-term contract for a supply of Hydrogen to Shell’s Tabangao refinery in Batangas, Philippines.