Industry News

Energy Web Atlas tracking nearly 400 active gas processing/LNG projects around the world

The Energy Web Atlas is tracking nearly 400 active gas processing/LNG projects around the world. Approximately 55% of active gas processing/LNG projects are in the Asia-Pacific and US regions.

Energía Costa Azul LNG receives US Non-FTA approval for liquefaction-export infrastructure project

Sempra Energy announced that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the U.S. Department of Energy (DOE) to export U.S. produced natural gas to Mexico and to re-export liquefied natural gas (LNG) to countries that do not have a free-trade agreement (non-FTA) with the U.S.,

Refinery to begin CDU overhaul in April

BP Plc plans to begin a planned overhaul of a crude distillation unit (CDU) at its 413,500 barrel-per-day (bpd) Whiting, Indiana, refinery in early April, a source said.

Sinopec successfully starts-up largest composite ionic liquid alkylation unit

Well Resources Inc. announced the successful start-up of a brownfield Ionikylation unit in Sinopec’s 161,000 barrel-per-day refinery in Jiujiang City, Jiangxi Province.

Texas oil production fell in January as pipeline bottlenecks prompted cutbacks

The decline pushed overall U.S. production lower by 90,000 bopd, marking the first national drop since May, according to revised data from the Energy Information Administration. J

ConocoPhillips' North Sea assets gain interest from Chrysaor

Chrysaor Holdings Ltd. has expressed an interest in ConocoPhillips' North Sea assets after earlier discussions with U.K. billionaire Jim Ratcliffe collapsed, according to an anonymous source.

Saudi Aramco declared world's most profitable company as financial secrets revealed

The state-run oil giant can generate profit better than any other company in the universe.

SPE/ICoTC ’19: Industry showcases digitization and enhanced interpretation models

On the opening day of the joint SPE/ICoTA Well Intervention Conference and Exhibition, operators and service providers discussed innovations, new solutions, and case histories in four technical sessions at the meeting held in The Woodlands, Texas.

Mozambique to establish sovereign wealth fund to govern gas revenue

Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said.

Wood awarded multi-million dollar CO2 emission reduction contract

Wood has been awarded a prestigious multi-million dollar contract by the Oil and Gas Climate Initiative Climate Investments (OGCI CI) to provide conceptual engineering for its gas power and industrial carbon capture conceptual design work.

Saudi Aramco, McDermott sign EPCI agreement for fabrication facility in Saudi Arabia

Saudi Aramco has signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.

Infected U.S. shale oil is being turned away by Asian buyers

The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top oil producer is causing a headache for some crude buyers.

Exclusive: U.S. DOE’s funding request for FY2020 could see contentious hearing

The Senate Energy and Water Development Subcommittee will hold an important hearing on the fate of the U.S. Department of Energy’s Fiscal year 2020 funding request during Wednesday afternoon, March 27.

China plans to invest in mature fields to boost production

China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging.

Shell makes aggressive move into UK retail power market

Royal Dutch Shell took a step forward in its aim to become the world’s biggest power company with an aggressive move into the UK retail market by offering one of the cheapest tariffs available.

ADNOC awards Block 1 exploration rights to Indian consortium

The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited.