Industry News

BP approves Thunder Horse South expansion Phase 2

BP has sanctioned development of the Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico.

ExxonMobil to invest up to $100 million on lower-emissions R&D with U.S. national labs 5/8/2019

ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.

QP issues tender for North Field LNG storage, loading facilities

Qatar Petroleum said it has invited bids for engineering, procurement and construction (EPC) work to expand its liquefied natural gas (LNG) storage, and the loading and export facilities for its North Field Expansion project.

Clariant Catalysts and Wuxi Xiyuan win further contracts for formaldehyde production projects in China

Clariant, a focused and innovative specialty chemical company, announced that it will be collaborating with its engineering partner, Wuxi Xiyuan.

China's natural gas consumption grows in Q1 amid pollution fight

China’s natural gas consumption grew steadily in the first quarter amid the country’s fight against air pollution

US refiners tap lesser-used oil suppliers for scarce crude supplies

US refiners have turned to several lesser-used oil suppliers in the wake of U.S. sanctions that restricted usual providers of widely-used grades as they gear up for peak driving season.

Israel’s largest refining and petrochemicals group CEO to step down

Israel’s Oil Refineries (ORL) said its chief executive, Yashar Ben Mordechai, will step down at the end of the month, citing personal reasons.

ExxonMobil to invest up to $100M on lower-emissions R&D

ExxonMobil said it will invest up to $100 million to research and develop advanced lower-emissions technologies with the U.S. Department of Energy.

ADNOC, ExxonMobil CEOs discuss new opportunities during visit to review progress of $30 billion Upper Zakum expansion

His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, chairman and CEO of ExxonMobil Corporation (ExxonMobil), met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest.

Maersk Drilling to launch first hybrid, low-emission rig

Maersk Drilling will launch its first hybrid, low-emission rig. Combining hybrid power, data intelligence and cleaning technology, the Maersk Intrepid will push the boundaries for low-emission drilling on conventionally powered offshore rigs.

Expansion allows more transits of propane and other hydrocarbon gas liquids

n June 2016, the Panama Canal Authority, the body that operates the Panama Canal, opened a third set of locks that facilitated transit of larger ships, the first such expansion since the canal was completed in 1914. In the years since the canal was expanded.

PETRONAS offers gassing up and cooling down services at Pengerang LNG regasification terminal

The terminal is owned by PLNG2, which is a joint venture among PETRONAS Gas Berhad, Dialog LNG Sdn Bhd and Permodalan Darul Ta’zim Sdn Bhd.

Record Russian gas sales to Europe help Gazprom profits double

Russian gas producer Gazprom doubled its annual net profit last year, led by record sales to Europe despite pressure on EU states to diversify away from Russian energy imports.

Mexico to announce project manager for new refinery next week

Mexico will next week announce which company or consortium will project manage the construction of President Andres Manuel Lopez Obrador’s planned refinery in his home state of Tabasco, the government said.

Indian Oil plans to shut units at northeast refineries to upgrade fuel

Indian Oil Corp, the country’s top refiner, plans to shut units in phases at its northeast plants from August to produce cleaner fuels, sources said.

Australia's NSW state approves Port Kembla LNG import terminal

Australia’s New South Wales state on Monday approved plans by a Japanese-backed consortium to build a A$250 million ($176 million) liquefied natural gas import terminal at Port Kembla, looking to cut gas prices and avert a supply shortage.