Industry News

ADNOC: Oil is our gold and we aim to use all of it

Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.

First Cobalt seeks government backing to restart Canadian refinery

First Cobalt Corp is in advanced talks with Canada’s Ontario province to finance the $37.5 million required to restart its idled cobalt refinery, President and Chief Executive Officer Trent Mell said.

Nigeria waits for promises to be fulfilled

The National Assembly has waited more than six months for the president to give his assent to anti-corruption legislation

New systems, new cyber threats

Threat actors constantly remain one step ahead of those seeking to prevent malicious attacks

IOCs retain Algerian caution

Sceptical Western investors adopt wait-and-see attitude even after Algeria’s interim government agreed a draft hydrocarbons law

R.I. Winter Gas Outage Blamed on Low Pipe Pressure

Rhode Island public utilities regulators say a natural gas outage that affected more than 7,000 customers last winter was caused by low pressure in a pipeline.

High on Earnings, TC Energy Plans C$1.2 Billion System Expansion

Fresh off of a 55% quarterly increase in liquids transportation earnings, Keystone pipeline operator TC Energy said it will proceed with another C$1.2 billion expansion to its pipeline system.

Shippers Seek Alternatives as Crews Work to Plug Keystone Leak

Cleanup crews in Walsh County, North Dakota, are working to plug the Keystone pipeline after a 9,000-barrel oil leak this week, a state official said Friday, while crude shippers are searching for alternative means of getting needed supply.

Toro Sells MTI Equipment Business Acquired in CMW Acquisition

Making good on a promise to streamline its product and services portfolio after acquiring Charles Machine Works, The Toro Company has shed CMW's pre-owned construction equipment business by selling MTI Equipment back to its founders.

Fernandez takes centre stage in Argentina

Vaca Muerta shale risks getting stuck in the middle of the new Argentinian president’s political balancing act

Oil firms chase efficiency gains

The spectre of ‘peak demand’ puts an onus on producers to tighten up their games

Schneider Electric appoints President of Process Automation business

Schneider Electric, the leader of digital transformation in energy management and automation, has promoted Nathalie Marcotte to succeed Gary Freburger as president of its Process Automation business, effective Jan. 1, 2020.

Yokogawa collaborates to accelerate adoption of robotics for Inspection of facilities

ExRobotics B.V., a Netherlands-based developer of robotics technology for hazardous environments, and Yokogawa Electric Corporation, a global provider of industrial automation, control, and measurement technology,

Commonwealth LNG receives notice of schedule for environmental review

Commonwealth LNG announced that the US Federal Energy Regulatory Commission (FERC) has issued Notice of Schedule for Environmental Review.

McDermott secures contract for one of the world's largest mixed feed crackers

McDermott International, Inc. announced it has been awarded a large* contract by Saudi Aramco and Total Raffinage Chimie (Total) to provide licenses, basic engineering package, extended basic engineering, training, technical services and supply of proprietary equipment for what will be one of the world's largest mixed feed crackers.

China issues more crude oil import quotas for 2019

China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tons this year, a document seen by Reuters showed, feeding a new generation of huge refineries.