A US biofuels trade group asked a federal court to stop the Environmental Protection Agency from giving refiners new waivers from the country’s biofuels law until the agency reverts to the tougher criteria.
Poland’s biggest oil refiner PKN Orlen has no plans at the moment to tap strategic state oil reserves after supplies from Russia stopped overnight, as it has enough crude from other sources, a board member said.
CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico.
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.