Industry News

Excess supply forces U.S. frac-sand miners to pursue other markets

For the last six years, Kevin Bowen has made a good living selling sand to operators and OFS providers who use it to complete horizontal wells. It was a lucrative market tied to the drilling boom in West Texas.

Trump Signs New Permission for Keystone XL Pipeline

U.S. President Donald Trump has signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana.

China is cutting down tariffs on Natural Gas

Starting April 1, China will cut city-gate natural gas prices and trans-provincial natural gas pipeline tariffs, following value-added tax rate reductions, the state planner said on Friday.

US approves commissioning step for Freeport LNG Texas export plant

Freeport LNG’s $13 billion Freeport liquefied natural gas (LNG) export plant in Texas moved a step closer to entering service after federal regulators on Thursday approved a commissioning step for the plant.

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.