Industry News

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.

Qatar hands McDermott role in LNG expansion

Qatar Petroleum's new mega-trains project is gaining momentum

BP's Dudley warns on LNG trade war vulnerability

Insecurity in global trade flows could have a particularly damaging impact on confidence in LNG as an energy source

LNG projects face new financing and pricing risks

Changes in LNG pricing structures and contract length could shift some risk from buyers to sellers

Venezuela's oil production drops by half during blackouts

Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online.