Industry News

Uniper tests interest in its German LNG import project, seeks partner

Germany’s Uniper started to test the interest of gas companies in using its proposed liquefied natural gas (LNG) terminal in Germany and said it was also seeking a partner in the company operating the terminal.

Israel's Oil Refineries says MTBE supplies halted

Israel’s Oil Refineries (ORL) said its supply of MTBE, a needed fuel additive has been halted and it was searching for alternative sources.

KBR awarded FEED for Sonatrach/ Cepsa JV project

HOUSTON – KBR, Inc. announced that it has been awarded a contract by Sonatrach and Cepsa to provide Basic Engineering Design (BED) and Front End Engineering Design (FEED) for the Rhoude el Krouf Field (RKF) redevelopment in Algeria.

Texas environmentalists plan lawsuit against Valero for pollution

Three Texas environmental groups notified Valero Energy Corp of plans to file a lawsuit under the U.S. Clean Air Act for pollution at the company’s Port Arthur, Texas, refinery, the organizations said.

NCS West Africa Limited announces Nigeria launch

The new business entity NCS West Africa Limited (NCS WA) is the Nigeria affiliate of Nautical Control Solutions, LP, (Fueltrax), and is located in Victoria Island, Lagos and Onne, Port Harcourt.

Norwegian production figures show decrease in condensate

Preliminary production figures for April 2019 show an average daily production of 1,729,000 bbl of oil, NGL and condensate, which is a decrease of 24,000 bpd compared to March.

Aramco enters U.S. shale gas business with Sempra LNG deal

Saudi Aramco agreed to a buy a stake in Sempra Energy’s Texas LNG export terminal, giving the world’s biggest oil exporter a foothold in the fast-growing global gas trade.

TGS and Schlumberger announce strategic collaboration in GOM

TGS and Schlumberger announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico.

Novatek and TechnipFMC sign EPC contract for LNG plant

Russia’s largest private gas producer Novatek said that its joint venture Arctic LNG 2 and TechnipFMC have agreed construction of a liquefied natural gas (LNG) plant.

Persian Gulf deemed risky for oil tankers

Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers.

National Grid Halts New Gas Service Until Williams Pipeline Approved

National Grid said it will not process new applications for natural gas service in its New York City and Long Island service areas until Williams' Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed.

EPA Announces $2.6 Billion in Availability for Water Improvement Projects

The U.S. Environmental Protection Agency announced the availability of $2.6 billion in new funds to assist states, tribes and territories with improving drinking water and wastewater infrastructure across the country.

OPEC signals intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.

Iraq says ExxonMobil evacuation of staff is `unacceptable'

The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister.

ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico

ExxonMobil has said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements.

TGS to acquire Spectrum in all stock transaction

TGS-NOPEC Geophysical Company ASA has announced that it has agreed on the principle terms for the acquisition of Spectrum ASA, creating a leading provider of 2D and 3D seismic data for $422 million (NOK 3,671 million payable in third-quarter 2019 (expected to be early August 2019).