Illinois' governor has signed into law a plan that will pour $45 billion into state construction projects to build and upgrade infrastructure ranging from roads and bridges to sewage systems and broadband.
Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but analysts project this period of overcapacity will be fairly short-lived before even more capacity is needed.
Bechtel and customer Cheniere Energy announced the completion of the first commissioning cargo with liquefied natural gas (LNG) from Train 2 at the Corpus Christi Liquefaction (CCL) export terminal in Corpus Christi, Texas.
Brazilian state-owned oil firm Petroleo Brasileiro SA has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the company said in an exchange filing.
Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC’s floating production, storage, and offloading (FPSO) vessel.
To combat imminent global economic headwinds, KBC (A Yokogawa Company) announced it has been awarded Profit Improvement Programs (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region.
German chemicals giant BASF warned profit would fall well below forecasts for the second quarter and full year, blaming a global economic slowdown and trade war between the United States and China.
Emerson, a global technology and engineering company announced the completion of the Bharat Petroleum Corporation Limited (BPCL) Kochi Refinery upgrade.
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Harris County in Texas plans to sue Valero Energy Corp for pollution from its Houston refinery, the head of the county’s environmental law department said.
Taiwan’s Formosa Petrochemical Corp will operate its Mailiao refinery at about 90% capacity, down by about 6 percentage point from June but fully restore throughput at its naphtha crackers, company spokesman K.Y. Lin said.
Brazilian state-run oil firm Petrobras believes three types of companies, including domestic fuel distribution companies such as Raizen, could be interested in purchasing its refineries, an executive said.
Japan’s JXTG Nippon Oil & Energy, a unit of JXTG Holdings said it has signed a memorandum of understanding with Vietnam National Petroleum Group (Petrolimex) to develop a liquefied natural gas (LNG) business in Vietnam.
U.S. energy regulators issued a report for Alaska Gasline Development Corp’s proposed $43.4 billion Alaska liquefied natural gas (LNG) project that found it would provide economic benefits to the state but could hurt the environment.
Russia’s biggest private gas producer, has agreed to sell a stake in its upcoming project to liquefy natural gas in Russia, the Arctic LNG 2, to Japan’s JOGMEC and Mitsui & Co, the Japanese government said.