U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said.
Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks that forced it to shut down more than half of its oil output.
Several units at Essar’s 200,000 barrel per day Stanlow refinery in northwest England were shut down following a power outage, a spokesman for the plant said.
LyondellBasell Industries is in the second year of a five-year program to demolish permanently idled units at its 263,776 barrel-per-day (bpd) Houston refinery, said sources familiar with plant operations.
API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil.
Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada’s Kitimat liquefied natural gas (LNG) project to cut its capital exposure
India’s planned giant refinery and petrochemical project, which is being built with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), will cost more than the originally planned $45 billion, India’s oil minister said.
Asian refiners are buying more light crude and trimming purchases of heavy oil, as they tweak production to meet rising demand for low-sulfur fuels in the shipping sector.
Drones equipped with space-age sensors are part of a wave of advanced technology zooming into operation at BP’s new major oil and gas processing projects as part of a program to continuously measure methane emissions.
Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd. (“Debang Group”), to build, own and operate a coal-to-syngas processing facility.
Plans to start exporting gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian petroleum minister Tarek El Molla said.
Cosmo Oil, Japan’s third-largest refiner, has started building stocks of very low-sulfur fuel oil (VLSFO) that can be supplied to domestic marine fuel markets from October ahead of IMO 2020, its top executive told Reuters.
Nigeria’s oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country’s shores.
NOVATEK and Petronet LNG signed a Memorandum of Understanding (the “MoU”) on future natural gas cooperation.
The Freeport liquefied natural gas (LNG) project in the United States has shipped its first commissioning cargo, adding to the glut of supply of the super-chilled fuel globally.
Royal Dutch Shell, one of the world's largest liquefied natural gas (LNG) suppliers, has asked U.S. regulators to extend the time by which it should complete an LNG export project in Louisiana by five years to 2025, regulatory filings showed.