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.
Marathon Oil Corporation has announced that it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first-quarter 2019 production averaged 2,400 net boed (100% oil).
Pacific Gas & Electric announced that it will put all electric distribution power lines underground in the Town of Paradise, Calif., and some of the surrounding areas as the town rebuilds from the Camp Fire.
NW Natural has completed its North Mist Expansion Project and begun providing no-notice storage to Portland General Electric’s Port Westward plants to balance renewable power on the grid. The project included a new pipeline, compressor station and 3 Bcf reservoir.
White Star Petroleum, LLC has announced that it is exploring strategic alternatives, including the sale of its business as a going concern and the restructuring of its balance sheet in a court-supervised process.
Wood and NERA (National Energy Resources Australia) are pleased to announce a new funding partnership arrangement led by Wood, in collaboration with the University of Western Australia (UWA), to support the development of an online hydrate blockage prediction model for operating gas condensate systems.
Exxon Mobil and Chevron’s unwillingness to venture beyond their core oil and gas business will face a test Wednesday when shareholders vote on climate change proposals at both oil companies’ annual meetings.
One of the biggest challenges facing Indian Prime Minister Narendra Modi as he begins his second term is ensuring clean air in a country that’s home to some of the most polluted cities in the world.
Amid mounting recovery concerns, Seadrill Ltd. plunged to their lowest since the embattled drilling company emerged from bankruptcy less than year ago, when Carnegie Investment Bank AB recommended selling their shares and slashed the price target by 88%.
Five (5) new petroleum exploration licenses (PEL) in the Cooper Basin and three (3) new petroleum exploration licenses in the Otway Basin are being offered by the South Australian Government on the basis of work program bidding.
A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.
Just within the last two months, Oceaneering took deliver of Ocean Evolution, which is an advanced, U.S.-flagged, subsea construction vessel.
The U.S. has quietly passed another landmark in the transformation of U.S. energy production.