SOCAR Energoresurs, a joint venture between Russia’s largest lender Sberbank and a group of investors, has acquired an 80% stake in Russia’s Antipinsky oil refinery, Sberbank said.
McDermott International, Inc. announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development.
Australia’s Ichthys liquefied natural gas (LNG) plant has offered two cargoes for loading in June, two industry sources said.
Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions.
Bureau of Safety and Environmental Enforcement (BSEE) Gulf of Mexico Regional Director Lars Herbst has established two panels to investigate two serious incidents that occurred in the Gulf of Mexico last week.
CGG, a leading geoscience company, is pleased to announce collaboration with Microsoft to deliver its geoscience products, data and services on Microsoft Azure and accelerate Exploration and Development workflows for its oil and gas company clients.
As a result of such compliance, the company is now in full compliance with all NYSE American continued listing requirements and effective on June 6, 2019, the below compliance (BC) indicator will be removed from the company's common stock and the company will be removed from the NYSE American list of non-compliance issuers.
Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said in yet another management shake-up amid U.S. probes into its activities.
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana.
Malaysian state-owned energy firm Petronas has signed a deal to lease a liquefied natural gas (LNG) storage unit in the country to commodity trader Vitol for at least two years, industry sources said.
Total will take over Toshiba’s U.S. liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said, weeks after attempts to sell it to a Chinese buyer fell through.
Cameroon’s state oil refinery declared force majeure after a storage tank exploded overnight, causing a fire that shut down output at its main refinery in Limbe but caused no deaths.
Billionaire Jim Ratcliffe’s petrochemicals company INEOS said it would invest $2 billion to build three plants in Saudi Arabia as part of Saudi Aramco and Total’s petrochemical complex.
South African petrochemicals firm Sasol Ltd said that a second unit at its U.S. ethane cracker project came online last week.
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum Corp. with the goal of potentially seeking board seats and a sale of the company.
Canadian Natural Resources Ltd. has evacuated its Pelican Lake and Woodenhouse operations in northern Alberta in the first major shut-in of oil production triggered by wildfires this year.