Industry News

Tiny Guyana could soon pump more oil than OPEC member Venezuela

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.

Anadarko has made an LNG sale and puchase agreement with Tokyo Gas and Centrica

Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) for the long-term supply of LNG.

Noble, Apache, Diamondback affiliates buy stakes in EPIC pipelines

Noble Midstream Partners exercised its option for a 30% equity stake in the EPIC Crude Pipeline Project and a 15% equity stake in the EPIC NGL Pipeline. EPIC also said an Altus Midstream subsidiary and Diamondback Energy's Rattler Midstream subsidiary exercised options for 15% and 10%, respectively, in the EPIC Crude Pipeline.

Political tensions dent Comoros energy ambitions

Indian Ocean nation hopes to repeat the offshore successes of neighbouring Mozambique

US coal-fired power generation faces competition

The evolution of northeast US gas marketing may further cut capacity

Tokyo Gas CEO says to step up overseas LNG investment

Japanese gas distributor Tokyo Gas will target investment in overseas infrastructure projects in liquefied natural gas (LNG) and renewable energy to boost its offshore earnings, its chief executive said.

U.S. energy-related CO2 emissions increased in 2018 but will likely fall in 2019 and 2020

According to EIA’s recently released Short-Term Energy Outlook (STEO) estimates, energy-related carbon dioxide (CO2) emissions increased by 2.8% in 2018 but will decrease in 2019 and 2020. The 2018 increase is the largest in energy-related CO2 emissions since 2010.

Air Products to expand nitrogen supply

Air Products announced it has been awarded additional on-site nitrogen supply by one of its stratetic global customers, who is among the world’s largest manufacturers of electronic components, for its new production line in Binhai New Area, Tianjin, China.

Mexico's Pemex to oversee 'restricted auction' for new refinery

Mexican national oil company Pemex will oversee the process to pick the company that will build a new multibillion-dollar oil refinery in the southern Gulf Coast state of Tabasco, Energy Minister Rocio Nahle said.

Union says time running out for new refinery contract

The United Steelworkers union (USW) warned on Tuesday that time was running out to reach a new national agreement for U.S. refinery and chemical plant workers before the current pact expires on Friday, sources familiar with the talks said.

Global oil industry braces for turmoil from U.S. crackdown on Venezuela

More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures prohibited.

U.S. gasoline glut hits new record, crude stocks up

U.S. gasoline inventories jumped to a record high in the most recent week even as refiners cut back activity, the Energy Information Administration said, while crude stocks rose sharply.

Mangalore Refinery awards desalination order

WABAG has secured INR 467 Crore worth order from Mangalore Refinery and Petrochemicals Limited (‘MRPL’) towards engineering and construction of a 30 MLD Sea Water Desalination plant expandable upto 70 MLD in Mangaluru, Karnataka.

KBR secures contract for its solid acid alkylation technology

KBR, Inc. announced that it has entered into a contract with Wynnewood Refining Company, LLC (Wynnewood) for engineering and design services relating to KBR's Solid Acid Alkylation Technology (K-SAATTM) for Wynnewood's refinery located in Wynnewood, Oklahoma.

EPA plans biofuel 'reset' as program misses Congress' targets

The U.S. Environmental Protection Agency will propose new targets for the final three years of the nation’s renewable fuel program in January, replacing ambitious decade-old goals set by Congress with volumes closer to the industry’s current output, two people familiar with the matter said.

Europe tops buyers for U.S. LNG with winter cargo influx

Energy companies are flooding Europe with U.S. natural gas, establishing a foothold in a market dominated by Russia and seen as a key battleground in Washington’s efforts to curb Moscow’s energy influence.