Industry News

No impact from Broome earthquake on Australia oil, gas operations

Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude 6.6 earthquake that struck off the northern coast of the state, the country’s offshore petroleum safety regulator and companies said.

Norway asks Equinor to review safety at Hammerfest LNG plant

Norway's oil safety regulator said it had identified safety breaches at Equinor's Hammerfest liquefied natural gas (LNG) plant, which shut down for repairs in March, and notified the company to review security at the facility.

Japan's Inpex to launch engineering design for $20B Indonesian LNG plant

Japan’s Inpex Corp plans to start front-end engineering design (FEED) on the $20 billion Masela gas project in Indonesia next year, Chief Executive Takayuki Ueda said, with LNG production at the giant field due to start by 2027-2028

Oil and gas company continues to expand petrochemicals business

OMV, the international, integrated oil and gas company headquartered in Vienna, has made the decision to invest EUR 64 mn in the construction of an ISO C4 plant.

Iran set to invest in south Indian refinery

Iran is ready to invest in the expansion of a South Indian refinery, an Iranian official said in New Delhi, as the country seeks new avenues of growth amid debilitating U.S. sanctions.

Refiners test the waters with exports of IMO 2020-compliant fuel

Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulfur ship fuel starting next year, exporting some cargoes of very low-sulfur fuel oil (VLSFO) this month.

Ex-owner of Russia's largest independent oil refinery arrested

A former owner of the debt-laden Antipinsky refinery, Russia’s largest independent oil-processing plant, was arrested in Moscow, his company said in a statement.

Shell reports 'operational upset' at refinery site unit

A unit at Royal Dutch Shell’s Pulau Bukom refinery and petrochemical complex experienced an operational upset, a company spokeswoman said.

China's Sinopec sets up fuel oil unit in Sri Lanka

China Petroleum and Chemical Corp, known as Sinopec Corp, said it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route.

Tellurian, Total finalize Louisiana Driftwood LNG export plant agreements

U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company’s proposed $30 billion Driftwood export project in Louisiana.

Russia and UAE's ADNOC discuss cooperation in LNG projects

Russian Energy Minister Alexander Novak and UAE’s minister of state Sultan Ahmed Al Jaber, who also runs the Abu Dhabi National Oil Company (ADNOC),

Brazil's Petrobras starts process to sell stake in Argentina unit Mega

Brazilian state-owned oil giant Petroleo Brasileiro SA has begun the so-called non-binding phase of the process to sell its 34% stake in Argentina’s Compañia Mega SA, it said in a securities filing.

New technology for H2S removal in crude oil

Q2 Technologies, the developer of triazine based Scavengers, has now brought to market an innovative H2S Scavenger for crude oil applications.

U.S. Midwest floods to weigh on diesel demand in fall harvest season

A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said.

Storm threat shuts down U.S. coastal refinery, adding to offshore oil production losses

Threatened flooding from a storm in the U.S. Gulf of Mexico that has cut nearly a third of the region’s oil production has forced the shutdown of a coastal refinery, pushing oil and gasoline prices higher.

Malabo's dash for gas

Equatorial Guinea has secured fresh supply for its LNG plant, but can it build on that success?