Industry News

Rowan executes contract with Petronas Mexico for Rowan Renaissance

Rowan Companies plc has announced that the Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico by PC Carigali Mexico Operations, S.A. de C.V. for an estimated duration of 80 days that is expected to commence in the second quarter of 2019.

Texas shale forces big oil cost revolution, Chevron CEO says

For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas.

Oil extends gain on Saudi output pledge, Trump trade flexibility

Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.

Next-generation catalyst achieves high activity and selectivity at styrene monomer production facility

Clariant, a world leader in specialty chemicals, announced the successful performance of its StyroMax UL3 ethylbenzene dehydrogenation catalyst at the styrene monomer production facility of Shandong Yuhuang Chemical (Group) Company.

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.