Industry News

China looks west to solve energy riddle

Xinjiang has potentially huge untapped reserves, but exploration in the desert province presents complex geological and political challenges

Permian pipelines bring relief—and challenges

Two major new crude pipelines out of the Permian Basin entered service this month, but while this provides some relief to producers, it shifts the congestion to the Gulf Coast

Gas processing innovations spur increased deployments

LNG technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.

Commonwealth LNG file formal FERC Application for Louisiana export terminal

Commonwealth LNG filed a formal application to FERC for permission to build an 8.4 MMtpy export terminal and interconnecting 3 mile long 30 inch feedgas pipeline, with project budget of $4 billion.

First phase of LNG-to-power complex draws $750M financing

EIG Global Energy Partners (“EIG”), controlling shareholder ofPrumo Logística S.A. (“Prumo” or the “Company”), a private Brazilian company leading the energy infrastructure hub at Port of Açu, announced major developments at Prumo.

US refiners limit crude processing amid slack fuel demand

U.S. refineries have cut the volume of crude processed so far this year, but stocks of gasoline and distillates remain ample, highlighting the slack demand for transportation fuels.

Honeywell technology selected for integrated petrochemicals facility

Honeywell announced that PetroChina Guangdong Petrochemical Company will adopt advanced heavy oil processing technology from Honeywell UOP for its integrated petrochemical complex in China.

Mammoet design input delivers maximum efficiency

As one of the largest crude oil processing locations in Germany, every hour of downtime at PCK Raffinerie GmbH’s (PCK) Schwedt refinery has a significant impact

China's petrochemical expansion to overwhelm Japan, South Korea producers

A massive surge in China’s manufacturing capacity for paraxylene, a petrochemical used to make textile fibers and bottles, could force leading exporters in Japan and South Korea to cut production as early as the second quarter of 2020.

Glencore, BP stuck with tainted Russian crude

BP and Glencore are struggling to sell around 600,000 tons of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources.

Refinery celebrates 100-year anniversary

he BP-Husky Toledo refinery celebrated its 100-year anniversary, highlighting its longstanding commitment to safe and reliable operations and to providing fuel, jobs and investment in northwest Ohio.

Peru natural gas production hit by leak

Argentine energy company Pluspetrol will reduce production from its Las Malvinas natural gas plant in Peru while it repairs a leak detected in one of its pipes, Peru’s government said.

Finnish part of Nord Stream-2 gas pipeline complete

Russian President Vladimir Putin said that the construction of the Finnish portion of the Nord Stream 2 gas pipeline had been completed.

BHGE to provide LNG technology solution for Calcasieu Pass

Baker Hughes, a GE company announced that it has been awarded a contract and granted notice to proceed on the construction of its comprehensive LNG technology solution for Venture Global LNG’s Calcasieu Pass project.

Retail challenges in Europe

Major oil companies in the region identify key opportunities for retail growth

Canada's First Nations vow to continue pipeline push

The fate of the Eagle Spirit Energy Corridor will either be decided in the courts or by the October general election