Vitol, the world’s largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships, a senior company official said.
Japan’s Inpex Corp and the Indonesian government said on Sunday they have signed a basic agreement on development of Indonesia’s Abadi liquefied natural gas (LNG) project.
Russian natural gas producer Gazprom said that U.S. liquefied natural gas was not currently replacing Russian gas on European markets.
U.S. energy firm Anadarko Petroleum Corp gave the go-ahead for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa, according to energy consultancy Wood Mackenzie.
French oil and gas major Total aims to complete repair works on the PLIF pipeline and restart its 102,000 barrels-per day Grandpuits refinery by mid-July, company documents show.
Kuwait’s state refiner KNPC said that refining operations at its Mina Abdullah oil refinery have been affected by a cut in seawater supply, which is used to cool production units in the plant.
India’s Maharashtra state has identified a new site for the planned $44 billion oil refinery that state-run firms are building with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), Chief Minister Devendra Fadnavis said.
Israel’s Oil Refineries (ORL) recently delivered its first cargo of 0.5% sulfur content marine fuel, complying with incoming new IMO rules, a trading source said.
Aspen Technology, Inc. the asset optimization™ software company and Hexagon, the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities, announced a new level of collaboration founded on a memorandum of understanding (MoU) that will more closely align AspenTech’s conceptual, basic engineering and cost estimation solutions with the detailed engineering suite from Hexagon PPM, to enable a fully data-centric workflow across the asset lifecycle.
With production curbs in Australia boosting the demand, Asian spot prices for liquefied natural gas (LNG) edged higher this week. Spot prices for July delivery to Northeast Asia
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said, although stimulus packages and developing countries should boost growth going into 2020.
Polish Oil and Gas Company (PGNiG) signed an agreement on Wednesday with U.S. company Venture Global LNG to buy 1.5 million metric tons of liquefied natural gas per year, as the country seeks alternative supplies of gas than Russia.
Not withstanding the achievement in shipping the first liquefied natural gas (LNG) cargo from the world’s largest vessel, Prelude owner Royal Dutch Shell probably wishes it was selling its product into better market conditions.
Classification society DNV GL has awarded Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP). The LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.
Finland’s 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said.
Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Novatek’s Arctic LNG 2