Occidental Petroleum is starting a bidding war for Anadarko Petroleum, making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron.
China’s jet fuel exports surged 30 percent from a year earlier in March and diesel exports rose 14.2 percent, as the country’s fuel surplus increased following the start-up of a new private oil refinery.
Cogent Midstream, LLC announced it will construct an approximately 25-mile pipeline that will deliver residue gas from its Big Lake Natural Gas Processing Complex located in Reagan County in the Midland Basin of West Texas to Kinder Morgan’s Gulf Coast Express Pipeline (GCX Pipeline).
GTT has received an order from Hyundai Samho Heavy Industries (HSHI) for the tank design of a Liquefied Natural Gas Carrier (LNGC) on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK).
India said its refineries will have adequate oil supplies, thanks in part to imports from other producers, despite the United States’ demand that buyers of Iranian oil stop purchases by May 1 or face sanctions.
Oil and gas producer Occidental Petroleum Corp made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50 billion offer and setting up the first hostile takeover battle for a major oil company in years.
ExxonMobil said that it has made a final investment decision to expand the Fawley refinery in the United Kingdom to increase production of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per day, along with logistics improvements.
Danos has appointed Daryl Rousse, a 30-year industry veteran, as V.P. of production services. The announcement comes after Danos’ recent acquisition of Shamrock Energy Solutions, where Rousse served as COO for three years.
Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments with an auction of nine blocks this year and seeking new refineries.
Murphy Oil Corporation has announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA, has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C.
The Trump administration will not renew renew waivers that allow countries to buy Iranian oil without facing U.S. sanctions.
ExxonMobil said that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20 years.
President Donald Trump’s bid to dump a glut of liquefied natural gas on Europe is getting an unlikely boost: stringent regulations on shipping emissions that are prompting the continent’s shipyards to hunt for alternatives to high-polluting diesel.
Overseas equity of oil and gas production of China National Petroleum Corporation (CNPC) rose 10% year over year in the first-quarter 2019.
Total's use of artificial intelligence to screen geological data will help the oil and gas industry identify new prospects, and shorten the time to acquire licenses, drill and make discoveries, Arnaud Breuillac, head of E&P, said at a conference.
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.