Industry News

Emerge Energy Services, Chesapeake sign sand supply agreement

Emerge Energy Services LP has announced that its subsidiary Superior Silica Sands LLC has signed a new agreement with Chesapeake Energy Corporation covering frac sand supplied from Superior's San Antonio mine in South Texas.

U.S. BLM issues offshore drilling permits despite shutdown

The partial U.S. government shutdown has docked fishing boats in Alaska, delayed public meetings on a proposed wind farm off the Massachusetts coast and blocked pharmaceutical companies from seeking approval for new drugs.

BP plans significant growth in deepwater Gulf of Mexico

BP has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.

Grace licenses process technology for new PP production facility

W. R. Grace & Co., the leading supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL® PP Process Technology to Hanwha Total Petrochemical Co., Ltd. for a new PP production facility

ExxonMobil begins drilling Haimara-1 exploration well, offshore Guyana

ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January.

Canadian heavy crude surges as rail shipments keep climbing

Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising even as production was curtailed.

Oil caps longest gain in 17 months on new trade talks, OPEC cut

Oil notched its longest stretch of daily gains in more than 17 months as fresh trade talks between the U.S. and China added to optimism that a global supply glut will be averted.

Record LNG capacity to get green light in 2019 amid strong demand

A record amount of liquefied natural gas (LNG) production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said.

GLOBAL LNG-Prices slide in well-supplied and quiet market

Asian spot prices for liquefied natural gas (LNG) fell this week although few cargoes were heard to swap hands in a well-supplied market with some traders still on their New Year’s break.

Germany's Altmaier's: Ready to build infrastructure for U.S. LNG

German Economy Minister Peter Altmaier said Europe was ready to build up an infrastructure for liquefied natural gas

India's BPCL to buy Iranian oil after 3-month gap

State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation's overall purchases from Tehran remaining at 9 million barrels, three industry sources said.

Shell starts production at new petrochemicals unit in US Gulf Coast

Shell Chemical LP (Shell) announced the start of production of the fourth alpha olefins (AO) unit at its Geismar, Louisiana, USA chemical manufacturing site.

Petronas-Saudi RAPID refinery begins trials on crude oil unit

Malaysian state oil company Petronas started trial runs at the crude distillation unit (CDU) for a joint-venture refinery with Saudi Aramco in Malaysia last week, two sources with knowledge of the matter said.

Iraqi Kurdistan begins its recovery after a difficult year

OPEC strategy still a winner for members despite oil slump

Given oil’s plummet at the end of last year, OPEC’s strategy to stabilize the market might look a bust.

If you can't pipe it, refine it: Alberta seeks oil glut solution

What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out.