Industry News

Exxon's Baton Rouge refinery shuts CDU for planned work

Exxon Mobil Corp shut the second-largest crude distillation unit (CDU) at its 502,500-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery for a planned overhaul, said sources familiar with plant operations.

One of the oldest U.S. refineries in trouble again

Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy.

Inpex raises annual profit forecast on stronger Ichthys income

“The Ichthys project has made more progress (in ramp-up) than we had expected.”

Shell aims to increase LNG exports from Egypt

Royal Dutch Shell aims to increase liquefied natural gas (LNG) exports from Egypt this year as it ramps up production from a West Delta field, the company’s country chairman Gasser Hanter said.

Praxair to double capacity at Missouri plant

Praxair, Inc., a wholly-owned subsidiary of Linde plc, has announced it will expand production capacity at its Neosho, Missouri air separation plant.

Egypt dangles incentives to draw more oil, gas investors (1)

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.

Largest Libyan oilfield ready to restart

Forces loyal to Libya’s eastern leader Khalifa Haftar have taken control of the country’s biggest oil field and say the deposit is secure and ready to resume production.

Chevron CEO vows to work with U.S. to remain in Venezuela

Chevron Corp., CEO Mike Wirth pledged to work closely with the U.S. to remain in Venezuela despite a spiraling crisis that has led rival oil major Total SA to retreat.

BP starts gas production from the second stage of Egypt's West Nile Delta

BP has announced first gas production from the second stage of its West Nile Delta development offshore Egypt.

CGG, TGS to conduct Greater Castburg survey

CGG and TGS announce the Greater Castberg TopSeis survey in the Barents Sea.

Egypt dangles incentives to draw more oil, gas investors

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.

Apache allocates ~$75% of its reduced budget of $2.4 billion to U.S. projects

Apache Corporation has announced that its board of directors has approved a 2019 upstream capital budget of $2.4 billion.

Lukoil begins drilling new production wells at West Qurna-2

Lukoil commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation.

What crash? Big oil proves the crude price is just a number

The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.

South Africa's major offshore discovery opens prospect of drilling boom

South Africa’s first deep-water discovery, reported Thursday by French oil major Total, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels.

France joins U.S. in questioning gas pipeline backed by Merkel

In a last-minute announcement, France agreed to back a European Union proposal creating hurdles for a controversial natural-gas pipeline, rejecting an appeal by German Chancellor Angela Merkel’s government.