Industry News

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.

Italian, Chinese majors vie in Pakistan's mega LNG tender

Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, sources said.

Venture Global secures over $10B for Calcasieu Pass LNG construction

Venture Global LNG, Inc. announced that the company’s $5.8 billion Calcasieu Pass LNG construction financing has received over $10 billion in binding commitments from Initial Coordinating Lead Arrangers.

Reliance Industries' profit rises as Jio, retail cushion refining hit

Reliance Industries Ltd's June-quarter profit rose 7%, as double-digit growth in the Indian conglomerate's retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters.

China's refiners want tax cuts before making cleaner shipping fuel

Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulfur marine fuel when new global clean fuel rules start in 2020, four executives at Chinese oil companies said this week.

U.S. ethanol plants expected to cut output on poor margins, oversupply

U.S. ethanol plants are expected to sharply curtail production in the weeks ahead as steep Midwest corn prices and the U.S.-China trade war have led to weak margins and oversupply, industry sources said.

Dominican Republic aims to drive activity

The Caribbean nation hopes that attractive entry terms will spur exploration activity