Industry News

Total confirms has quit Iran's South Pars gas project

French oil and gas major Total confirmed that it had notified the Iranian authorities of its withdrawal from the multibillion-dollar South Pars gas project

PetroChina's Yunnan refinery processes Iranian crude for first time

PetroChina’s Yunnan refinery has processed 56,000 tonnes, or 408,8000 barrels, of Iranian heavy crude, the company’s official newspaper said.

Aramco listing plan halted, oil giant disbands advisors

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said.

U.S. to release 11 MMbbl of crude from strategic stockpile

The U.S. plans to release 11 MMbbl from its 660-MMbbl emergency stockpile, just as American sanctions on Iranian oil exports kick in.

Fracing robots in the works as oil field is digitized

Rack up one more thing robots can be used for: Fracing for oil.

Regulators Greenlight Construction of Trans Mountain Segments

Canada's energy regulator said it had given the go-ahead for the construction of a large portion of the Trans Mountain expansion project, which will nearly triple capacity on the oil pipeline from Alberta to a Vancouver area port.

The Caspian neither sea nor lake, apparently

An agreement of sorts has been reached on how to carve up the Caspian

Texas, refineries urged to plan storm shutdowns to cut pollution

Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year's Hurricane Harvey, a report said.

FERC Approves Transco Expansion Project in New Jersey

Williams said FERC has authorized an expansion of the Transco natural gas pipeline to meet growing heating and power generation demand in the U.S. Northeast.

ExxonMobil farms in to PEL 44, offshore Namibia

Azinam Limited (Azinam), the Seacrest Capital Group-backed Namibian explorer, is pleased to announce that ExxonMobil Namibia (PEL44) Limited, an affiliate of ExxonMobil Corp., has entered into an agreement with Azinam to acquire a 30% interest in Petroleum Exploration License (PEL) 44, offshore Namibia.

EIA: Offshore discoveries in the Mediterranean to increase Egypt’s gas output

Natural gas production in Egypt has been in decline, falling from a 2009 peak of 5.8 Bcfd to 3.9 Bcfd in 2016, based on estimates in BP’s Statistical Review of World Energy. The startup of a number of natural gas development projects located offshore in the eastern Mediterranean Sea near Egypt’s northern coast has significantly altered the outlook for the region’s natural gas markets.

Nigeria's oil sector reforms edge closer to law

The framework for investments in Nigeria may be about to change. But as ever, there are complications

India to step up use of biofuels to cut oil import bill

India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said.

Significant environmental milestone for Mississippi project

Velocys plc (VLS.L), the renewable fuels company, announced that the U.S. Department of Agriculture (USDA) has issued a Finding of No Significant Impact (FONSI) on the environmental assessment report for Velocys’ planned Bayou Fuels biorefinery in Natchez, Mississippi.

Yamal LNG begins gas exports from second LNG train

Total announced that the first shipment of Liquefied Natural Gas (LNG) from the second train of the Yamal LNG project in Northern Russia is ready to leave Sabetta.

New wave of mega LNG projects approaching

A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments as energy giants sense a widening supply gap within five years.