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 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 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 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.
A tanker carrying liquefied natural gas (LNG) has been floating off Australian waters for nearly two weeks as production at Ichthys project ramps up, industry sources said.
Fines for violations of air, water and waste regulations by U.S. petroleum storage facilities this year have exceeded last year's totals - without including two major Houston-area disasters in the last month.
Brazil’s state-controlled oil company Petrobras detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.
Russian billionaire Mikhail Gutseriyev is set to gain control over a debt-ridden Afipsky oil refinery, sources said.
Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices.
Chevron beat analysts’ estimates for the first quarter as it cut expenses, bolstering its coffers ahead of a brewing bidding war for Anadarko Petroleum.
Saudi Aramco, the world’s biggest oil exporter, dipped a toe into the natural gas business by selling its first cargo of the fuel.
ExxonMobil has said it will increase its exploration acreage in Namibia with the addition of approximately 28,000 km2 (7 million net acres) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.
The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron.
A slump in gas prices has contributed to the denting of the previous rally in carbon prices
A traded market trying to price in uncertain IMO 2020 implications is wreaking havoc with term contract negotiations
NextDecade Corporation (NextDecade) announced that it has received bid packages from each of Bechtel Oil, Gas, and Chemicals, Inc.(Bechtel) and Fluor Corporation (Fluor), two of the global LNG market’s leading engineering, procurement, and construction (EPC) contractors.