Industry News

China buys more LNG, but can't offset the rest of Asia's losses

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.

DNV GL awards AIP for floating LNG power plant

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 opens largest Nordic LNG terminal after delay

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 Aramco extends offer to buy stake in Arctic LNG 2

Saudi Energy Minister Khalid al-Falih said Saudi Aramco had extended its offer to join Russian gas producer Novatek’s Arctic LNG 2

Wood secures contract for petrochemicals project

Wood has been awarded a new contract by Duqm Refinery and Petrochemicals Industries Company (DRPIC) to provide FEED (front-end engineering design) for a proposed onshore petrochemicals facility at the Special Economic Zone Area Duqm (SEZAD) in southern Oman.

Clariant continues the advance of propane dehydrogenation technology

Clariant, a focused and innovative specialty chemical company, today announced the launch of its latest propane dehydrogenation catalyst, CATOFIN 311.

Petrobras revises timing of price adjustments for diesel and gasoline

Brazilian state-run oil company Petroleo Brasileiro SA said that its management approved a revision in scheduling of price adjustments for diesel and gasoline in its refineries.

Indonesia tests biodiesel in cars amid push for palm oil consumption

Indonesia began testing biodiesel with a bio-content of 30% in cars, its energy ministry said, as the Southeast Asian nation pushes to boost local markets for its vast palm oil crop.

EV revolution could stall due to mineral shortages

More planning is required to ensure adequate supply, researchers say

Cyprus offshore: Turkey turns up the heat

The prospects for monetising natural gas discovered off Cyprus have risen, but so has the geopolitical temperature

Canadian Oil Pipeline Congestion Sets up Lucrative Storage Play

Upheavals in the Canadian crude market are creating opportunities for firms with sizeable long-term leases on Alberta storage tanks, including Mercuria Energy Group and the trading arm of oil major BP.

5 Workers Hurt in Houston-Area Natural Gas Line Explosion

Five workers have been injured when a CenterPoint Energy natural gas line exploded in a residential neighborhood southeast of Houston.

Oil price puzzle as sanctions choke Iran exports

Which direction is the price of Brent crude heading following deployment of a US naval and B-52 bomber strike force to the Middle East? The answer is complex

Shorter queues at the pump, more tax

US states are rolling out fresh gasoline taxes at a time when US road fuel demand has already gone flat

Total declares force majeure on jet fuel

France’s Total declared force majeure on the production of jet fuel at its Leuna refinery in Germany following the supply of contaminated crude from Russia.

U.S. hydrocarbon gas liquids production reaches 5Mbpd

U.S. production of hydrocarbon gas liquids (HGLs) reached 5 million barrels per day (Mbpd) in 2018, an increase of more than 0.5 Mbpd (13%) over 2017 levels. HGLs accounted for over a quarter of total U.S. petroleum products output in 2018.