Industry News

U.S. energy exports to climb as China pledges ramp-up in purchases

U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said.

Fourth unit at Kinder Morgan's Georgia Elba LNG export plant ready for service

Kinder Morgan Inc asked U.S. energy regulators for permission to put the fourth liquefaction train in service at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia.

Natural gas pumping from Israel to Egypt to begin

Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday.

Total postpones restart of Donges refinery unit due to strike

French energy major Total has postponed the restart of a distillation unit at its 220,000-barrel-per-day Donges refinery until Friday due to a nationwide strike over planned pensions reform, the company said.

Naphtha premiums remain high amid demand loss from cracker cuts

Asia will lose more than 300,000 tonnes of naphtha demand this month as petrochemical makers cut output to combat weak margins, but refinery maintenance is reducing supply of the plastics and chemicals building block, holding premiums steady.

ADNOC announces comprehensive 2030 sustainability goals

The Abu Dhabi National Oil Company (ADNOC) announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.

Refiners over a barrel?

Challenges and costs increase as ageing oil fields reach the ‘babushka’ stage

Climate change litigation is driving the transition

The huge court cases being filed against oil and gas companies are motivating them to invest in a low carbon future

Oxy Separates Western Midstream in Debt-Reduction Move

Occidental Petroleum said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.

NJ American Water to Purchase Long Hill Township Sewer System

New Jersey American Water said it has signed an agreement to acquire the wastewater assets of the Township of Long Hill, N.J. for $12.7 million.

Sakhalin LNG plant plans maintenance in summer 2020

Russia’s Sakhalin Energy will suspend both lines of its liquefied natural gas (LNG) plant for planned maintenance in summer 2020, the Interfax news agency reported, citing a senior company executive.

First cargo of liquefied natural gas shipped from Train 2 of the Freeport LNG project

McDermott International, Inc. along with its partners, Chiyoda International Corporation and Zachry Group, announced today that the first commissioning cargo of liquefied natural gas (LNG) has been shipped from Train 2 of the Freeport LNG project

Asia distillates-jet fuel cash premiums drop on ample supply, weak demand

Asia’s cash premiums for jet fuel dropped, weighed down by abundant supplies and lackluster aviation demand, while traders were skeptical seasonal heating demand for kerosene would likely remain weak due to a warmer winter this year.

McDermott to upgrade fluid catalytic cracking unit

McDermott International, Inc. announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije (NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.

The energy transition reality gap

Industry predictions for the demand for oil and the speed of the energy transition vary wildly.

A clearer China picture set to emerge

New technologies will allow the oil market to understand what is going on in China quicker and in greater depth than before