Industry News

Columbia Gas Parent Settles Massachusetts Gas Explosion Lawsuits for $143 Million

Utility operator NiSource Inc on Monday said it will pay $143 million to resolve class action lawsuits brought by residents and businesses that suffered losses caused by a series of gas explosions in three Massachusetts communities last year.

Anadarko Values Western Gas Partners Stake at $8.4 Billion

Anadarko Petroleum disclosed additional details Monday related to the proposed Occidental Petroleum acquisition in a federal filing that values its share of midstream company Western Gas Partners LP at $8.4 billion.

First gas marks transition from construction to startup at Freeport LNG

Zachry Group along with its partners McDermott International, Inc. and Chiyoda International Corporation announced that Train 1 of the Freeport LNG Liquefaction project on Quintana Island in Freeport, Texas, has reached the final commissioning stage.

LNG company gets $100M investment from Osaka Gas

Singapore-based AGP International Holdings Pte Ltd (AG&P) said it had sold a minority stake to Osaka Gas and Japan Bank for International Cooperation (JBIC) for $100 million

CNOOC, ADNOC sign MOU on exploration, oil refining, LNG trade

China National Offshore Oil Co (CNOOC) signed a memorandum of understanding (MOU) with Abu Dhabi National Oil Co (ADNOC) on upstream exploration and development, oil refining and liquefied natural gas (LNG) trade

Russia's Novatek completes sales of stakes in Arctic LNG-2

Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to China’s National Petroleum Corporation, CNOOC and the Japan Arctic LNG consortium.

Eni starts the installation of the hull of Coral Sul FLNG

Eni has started installation works on the hull of the Coral Sul floating liquefied natural gas (FLNG) treatment and liquefaction unit that will be moored offshore in Mozambique.

ExxonMobil begins production on Beaumont high-performance polyethylene line

ExxonMobil said ot started production on a new high-performance polyethylene line at its Beaumont, Texas polyethylene plant.

ADNOC and Pertamina sign comprehensive strategic framework in oil and gas development

The Abu Dhabi National Oil Company (ADNOC) signed a Comprehensive Strategic Framework (CSF) with Indonesia’s energy company, PT Pertamina (Persero) to explore opportunities for collaboration across the oil and gas value chain in the United Arab Emirates, Indonesia and globally.

ADNOC's Ruwais Refinery West Cracker shut for maintenance

The Abu Dhabi National Oil Company (ADNOC) said its Ruwais Refinery West Cracker is offline for maintenance.

Indian Reliance's talks on stake sale to Saudi Aramco stall

India’s Reliance Industries talks to grant a minority stake in its refining assets to Saudi Aramco have hit a roadblock over the valuation and structure of the deal, two people familiar with the matter said.

Refinery run cuts help tighten supply

Asian refining margins for gasoil have climbed to their highest in eight months as some regional refinery issues and run cuts have tightened supplies

Curacao says PM, Venezuela oil minister discussed PDVSA remaining as refinery operator

Curacao’s prime minister and Venezuela’s oil minister discussed the possibility of Venezuelan state oil company PDVSA remaining as the operator of the Caribbean nation’s 335,000 barrel-per-day (bpd) Isla refinery, Curacao’s government said.

Methanex announces FID on Geismar Methanol 3 plant

Methanex Corporation announced that its Board of Directors reached a unanimous final investment decision to construct a 1.8 million ton methanol plant in Geismar, Louisiana

Last of Yamal LNG Arctic vessel order undergoing sea trials

The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard, data showed.

BP's Tangguh LNG plant Train 3 to be delayed

Operation of Train 3 at BP’s Tangguh liquefied natural gas plant in Indonesia is expected to be delayed by a year, Fatar Yani Abdurrahman, deputy chief of upstream oil and gas regulator SKK Migas, told reporters.