Industry News

U.S. EPA proposes higher 2019 biofuels mandate in line with expectations

The U.S. Environmental Protection Agency proposed setting a blending mandate of 19.88 billion gallons for 2019 under the Renewable Fuel Standard (RFS), 3 percent higher from this year's and in line with expectations.

Phillips 66 awards S & B EPC contract for 300,000 BPD NGL fractionation project

S & B announced that it was selected by Phillips 66 to perform engineering, procurement, and construction for two NGL fractionation plants at the client’s Sweeny Hub in Old Ocean, Texas.

Shell approves North Sea project, seeing "life in old dog"

Royal Dutch Shell Plc approved its second North Sea project in six months, greenlighting a natural gas field that it considered uneconomical to produce from six years ago.

Eni reports discovery at Kalimba prospect, offshore Angola

Eni announces a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 MMbbl of light oil in place.

Iraq's energy sector needs political deal

Approval of plans to expand Iraq’s oil output and export capacity awaits the formation of a new cabinet, following May’s inconclusive election results

Saulsbury partners with Apache Corp. to build Permian Basin gas processing infrastructure

Saulsbury was recently awarded a contract to construct three cryogenic processing plants at Apache's Diamond processing facility, each designed with a capacity of 200 MMSCFD.

Siemens selects RWG for new assembly and testing of SGT-A05 gas turbine technology

Siemens has appointed RWG as their partner for new assembly and testing of the latest technology SGT-A05 (KB7 HE) gas turbine

Fluor Achieves Substantial Engineering Completion on Marathon Petroleum Project in Texas

Fluor Corporation announced that it has achieved substantial engineering completion for Marathon Petroleum Corporation’s Tier 3 gasoline sulfur standard reconfiguration project at the Galveston Bay refinery in Texas City, Texas.

ExxonMobil Singapore Butyl and Resins Plant begins production

ExxonMobil said it has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, the company’s largest integrated refining and petrochemical complex in the world.

Pioneer sees oil at $100 if there's no supply boost

Oil ministers from OPEC and its allies have arrived in Vienna for what promises to be one of the cartel’s most contentious meetings in years as Iran opposes proposals to boost production.

Exxon, Hess report eighth oil discovery offshore Guyana

ExxonMobil announced that it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block.

ExxonMobil drilling heralds oil era in Guyana

http://www.petroleum-economist.com/articles/politics-economics/south-central-america/2018/exxonmobil-drilling-heralds-oil-era-in-guyana

Shell seen reclaiming dominance in Texas shale country

Shale oil hasn’t always been Royal Dutch Shell Plc’s best friend, but they’re working on the relationship.

OPEC faces a bigger problem in Washington than Trump tweets

American politicians are at it again: punching OPEC.

Chevron starts second production unit at Wheatstone LNG in Australia

Chevron Corp has started producing liquefied natural gas (LNG) at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia