NEW YORK, (Reuters) - U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road.
Advisian, the global consulting firm of WorleyParsons, has been awarded the role of preparing the pre-FEED and licensor evaluation for the latest expansion of Borouge’s Petrochemical Facility (Borouge-4 Plant), part of a major new downstream facility in the United Arab Emirates (UAE).
Malaysia will implement a higher biodiesel mandate from the second half of 2019, raising the minimum bio-content local producers must put in biodiesel to 10 percent from the current 7 percent, in a move to support palm oil prices.
(Reuters) - As the trade war between China and the United States escalates, fewer vessels carrying U.S. liquefied natural gas have gone to China over the past two months.
Kinder Morgan announced during the company’s second-quarter results conference call that the start-up of its Elba Island liquefied natural gas (LNG) Export project has been pushed back.
(Reuters) - The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas (LNG) to PetroChina Co Ltd, Australia's Oil Search Ltd, a partner in the project said.
As trade tensions and disruptions ripple through the market, Opec and the IEA disagree on the risks to supply
Motiva Enterprises completed repairs to the gasoline-producing fluidic catalytic cracking unit (FCCU) at its 603,000 barrel per day (bpd) Port Arthur, Texas, refinery over the weekend, sources familiar with plant operations said.
China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
Africa's richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria.
The Mexican president-elect needs a strong oil and gas sector to fund a promised social transformation
A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action.
Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. It stretches in every direction, interrupted only by an occasional strip of asphalt or clusters of silos that rise high into the sky.
BP Plc has emerged as the front-runner to buy BHP Billiton Ltd.’s onshore oil and gas operations in the U.S., according to a person familiar with the matter.
Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 km North of the oasis of Siwa.