Industry News

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.

Top German Court Rejects Bid to Block Gas Pipeline

Big crude oil margins should boost U.S. refiner earnings

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 awarded pre-FEED role for world's largest ethylene steam cracker

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 to implement B10 biodiesel program by mid-2019

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.

U.S. LNG exports to China decline as trade war escalates

(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.

Elba Island LNG export project delayed

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.

Papua New Guinea gas project signs supply deal with PetroChina

(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.

Opec and IEA diverge on world’s capacity cushion

As trade tensions and disruptions ripple through the market, Opec and the IEA disagree on the risks to supply

Motiva Port Arthur refinery repairs gasoline-producing unit

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 willing to invest $3B in Nigerian oil operations

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 signs $650M Afreximbank loan for oil refinery

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.

Amlo and the realities of Mexico's oil reform

The Mexican president-elect needs a strong oil and gas sector to fund a promised social transformation