Industry News

Fort Wayne Announces $100 Million in Utility Infrastructure Investments

City officials in Fort Wayne, Indiana, have announced plans to invest $100 million in city neighborhoods for stormwater protection, sanitary sewer improvements, and water pipe upgrades.

Application Filed for New Nord Stream 2 Pipeline Route

The developers of the Nord Stream 2 natural gas pipeline from Russia to Germany applied for a third route south of Denmark's Baltic Sea island of Bornholm, as they try to overcome objections from the country.

Permian water company Solaris says it's closing in on new deal

Solaris Water Midstream, which handles water supplies and disposal for Marathon Oil, is closing in on a deal with another driller as explorers increasingly outsource one of the key components of fracking.

Australia's Woodside opens LNG truck loading facility

Woodside Petroleum said on Friday its Pluto liquefied natural gas (LNG) project has opened a new LNG truck loading facility as it looks to develop the domestic LNG market for remote power generation and transport fuels.

Qatar petroleum invites three groups to bid for North Field LNG train construction

Qatar Petroleum has invited three groups to bid for engineering procurement and construction packages on liquefied natural gas (LNG) mega-trains as it expands production at its North Field reservoir, the company said in a statement.

All aboard! Treasure on the high seas for gas dealers

In the booming market for super cooled natural gas, the most precious commodity is the ship.

Oman's OOG seeks more partners, supply for $15B refinery

Oman’s Overseas Oil and Gas LLC (OOG) is actively looking for new partners to develop $15 billion new refinery in Bontang, East Kalimantan, OOG Chairman Khalfan Al Riyami said.

US EPA revives provision that may name refiners applying for biofuel waivers

The U.S. Environmental Protection Agency on Friday took the first step to revive part of a rule that could, if finalized, reveal the names of oil refineries which applied for exemptions from the nation’s biofuel laws.

Strikes impact Shell's Pernis oil refinery but extent unclear

Workers on strike at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation, a Dutch union said, in the first sign of any impact from industrial action on Europe's largest oil refinery.

Energean reports >1 Tcfg discovery at Karish North

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

U.S. exported 2 MMbopd in 2018 to 42 destinations, nearly doubling 2017

In 2018, U.S. exports of crude oil rose to 2.0 MMbpd, nearly double the 1.2 MMbpd rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.

Delek, Ineos emerge as front-runners for Chevron's UK fields

As Chevron's North Sea oil and gas fields divestment progresses, Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are top contenders, according to people familiar with the matter.

Chevron buys Anadarko in cash-and-stock deal (WoodMac)

Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, Wood Mackenzie’s senior corporate analyst, said “This is the biggest upstream deal since Shell and BG in 2015.

Maersk Supply Service to install onboard energy advisory system

Maersk Supply Service signed a contract with Eniram, a Wärtsilä company, to install an Energy Advisory System on its vessels. The system will use high quality data to optimize operations and save fuel in real time, lowering the company’s carbon footprint and fuel costs for customers.

Chevron's Anadarko bid seen putting other Permian companies in play

Chevron’s $33 billion bid for Anadarko Petroleum may presage a new Permian basin buying spree, with Pioneer Natural Resources and Concho Resources among the next prime targets.

Investors applaud Chevron for $33 billion purchase of Anadarko

At $33 billion, Chevron’s acquisition of Anadarko Petroleum is something of a bargain, according to investors.