Industry News

Trump paves way for U.S. energy infrastructure development

“When it comes to the future of America’s energy needs, we will find it, we will dream it, and we will build it.” -- President Donald J. Trump

Ensco and Rowan merge to form EnscoRowan

Ensco Rowan plc, has announced the completion of the previously disclosed merger of Ensco plc and Rowan Companies plc, which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction.

Japan's JERA signs supply deal with Canada LNG project

JERA, the world's top buyer of liquefied natural gas, said it had signed an agreement with a Mitsubishi Corp unit to buy up to 16 cargoes, or 1.2 million tons per year (Mtpy), of LNG from the LNG Canada project.

Desgagnés fired up on LNG

Desgagnés enthusiastically announced the acquisition of a 5th dual-fuel (diesel/LNG) oil/chemical tanker, the M/T Fure Vinga, soon to be renamed M/T GAÏA DESGAGNÉS.

BASF to increase capacity for Alkylethanolamines in Ludwigshafen

BASF will increase the production capacity of Alkylethanolamines (AEOA) by 20 percent at the BASF Verbund site in Ludwigshafen, Germany.

Talks with China to cut ethanol tariffs 'positive'

US Agriculture Secretary Sonny Perdue said that talks with China regarding reducing Beijing’s tariff on U.S. ethanol products were “positive” but cautioned the discussions were not over.

Shell halfway through gasoline unit overhaul

Royal Dutch Shell Plc is about halfway through a planned overhaul of the gasoline-producing Residual Catalytic Cracking Unit (RCCU) at its 218,200 barrel-per-day (bpd) Norco, Louisiana refinery, sources said.

Petrobras Sells Pipeline Unit to Engie for $8.6 billion

A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, as the company's biggest divestment draws to a close.

Aramco gets unprecedented $100 billion demand for bond deal

After being shunned by Wall Street and international investors last year, Saudi Arabia made a roaring comeback on Tuesday as oil giant Aramco received more than $100 billion in orders for its maiden global bond.

Saturn Oil & Gas Inc. exceeds 1,400 bopd, 300% increase from 2018

Saturn Oil & Gas Inc. is pleased to announce finishing successfully the drilling, completion, equip and tie-in of its nine (9) wells in first-quarter 2019.

Aquaterra awarded multi-well construction contract by Lundin Norway

Aquaterra Energy, global offshore engineering solutions company, has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field.

The Carlyle Group acquires stake in Cepsa for $12 billion

Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group have announced that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala. Headquartered in Madrid, Spain, Cepsa is Europe’s largest privately-owned integrated oil & gas company.

Crude oil intake suspension at Rosneft's Tuapse refinery to continue

Crude oil intake suspension at Rosneft’s Tuapse refinery will continue until April 18, Russia’s transport monopoly Transneft said.

Strikes expected to hit oil refinery's production

Royal Dutch Shell confirmed labor strikes started on Monday at its 404,000 barrel per day Pernis oil refinery in the Netherlands and that production would be affected.

Australia's heavy-sweet crudes surge in preparation for IMO 2020

Australia's prices for heavy-sweet crude grades are rising as traders snap up cargoes for blending ahead of new rules on shipping fuel, putting them among the most expensive crudes in the world.

KBR announces broader collaboration for LNG solutions with BHGE

KBR, Inc. announced that it has selected Baker Hughes, a GE company, as part of the ongoing development of KBR's standardized mid-scale Liquefied Natural Gas (LNG) design.