Industry News

U.S. safety board links faulty valve to Husky refinery blast

The U.S. Chemical Safety Board said an April 26 explosion at Husky Energy’s Superior, Wisconsin, refinery was probably triggered by air leaking around a slide valve into the gasoline-producing unit that blew up.

Canada crude differential seen staying high as refiners take downtime

The discount on Canada’s heavy crude, which reached a nearly five-year high this week, looks to remain elevated with pipelines strained and the refiners who buy it going offline for maintenance, industry officials say.

Indian Oil sells naphtha from Paradip refinery for first time in more than a year

Indian Oil Corp (IOC) sold a naphtha cargo from its Paradip refinery this week, four traders that participate in the market said in what was likely the first sale since May 2017.

Oil firms wary despite South Sudan's peace deal

Juba is seeking new partners after the government abandoned Total negotiations

Total starts producing at the Ichthys LNG project, offshore Australia

The Ichthys LNG Project reached a major milestone on July 27, with the opening of the first offshore production well, marking the start of 40 years of operations of this gas and condensate field.

BP boosts profit as it seeks to prove merits of BHP shale deal

BP churned out more profit than expected in the second quarter, offering reassurance to investors about its financial strength after announcing its biggest deal in almost two decades.

FERC Approves Atlantic Coast Construction through N.C.

Baker Hughes, a GE company to sell natural gas solutions business

Baker Hughes, a GE company (NYSE: BHGE) today announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities

Event celebrating shipment of first heat exchanger for Amur GPP held in St. Petersburg

A ceremony celebrating the shipment of the first spiral heat exchanger produced in Russia for the Amur Gas Processing Plant (GPP) took place today in St. Petersburg.

Crude oil to chemicals project moves forward

With startup in 2025, the fully integrated Crude Oil to Chemicals (COTC) complex is on track to become the largest of its kind in the world. It will become a major contributor to Saudi Vision 2030, enabling a new era of industrial diversification, job creation, and technology development in the Kingdom.

Petron to use UOP technologies to expand refinery

Honeywell announced that Petron Corporation will expand and upgrade its Limay, Bataan refinery in the Philippines with technologies from Honeywell UOP. When the project is completed, the refinery will produce 75,000 barrels per day of refined fuels and 1 million tons per annum of aromatics, increasing its capacity by 55 percent.

Africa's richest man arranges $4.5 bln of financing for oil refinery

Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters.

NLNG strikes while the iron's hot

Plans are finally in motion to expand Nigeria's LNG export capacity

States Request $82.2 Billion for Water Infrastructure

Schlumberger, Baker Hughes cruise oil exploration "upcycle"

Schlumberger Ltd., the world’s biggest oilfield services company, and No. 3 Baker Hughes have their sights set in different directions as they move into the second-half of 2018.

China chasing elusive shale boom nearly a decade after hunt began

China’s shale gas industry began with a long shot.