Industry News

OPEC resistance to Saudi supply plan grows with Iraqi defiance

Iraq said OPEC should resist pressure to increase oil supplies, strengthening opposition to plans by Saudi Arabia as the group prepares to meet next week.

Japan consortium picks Port Kembla as site for Australia LNG import terminal

MELBOURNE (Reuters) - A consortium including Japan’s JERA Co and Marubeni Corp aiming to ship liquefied natural gas (LNG) to Australia’s east coast has chosen a site south of Sydney at Port Kembla for an import terminal, it said.

ExxonMobil sees Russian LNG plant's capacity at 6.2 million T/year

MOSCOW (Reuters) - U.S. major ExxonMobil and Russian energy company Rosneft expect their future joint project to produce more than 6.2 million tonnes of liquefied natural gas per year, Interfax news agency quoted an ExxonMobil manager as saying.

Russia's Sibur says new gas chemical complex will cost up to $8 bln

MOSCOW, (Reuters) - Russian petrochemical company Sibur said its plans to build a gas chemical complex in Russia's Far East will require preliminary investments of up to $8 billion and it is still looking for Asian partners.

Wax on, wax off: Shale oil's 'waxy' features crimp U.S. jet fuel supply

NEW YORK, (Reuters) - Jet fuel prices are at six-year highs, and part of the reason is linked to record U.S. shale crude production and the unique properties refiners contend with when they refine that oil.

IRPC Europe: How long can European refiners see the good times last?

Hydrocarbon Processing’s International Refining and Petrochemical Conference (IRPC) Europe opened in Milan, Italy with welcome remarks from Giacomo Rispoli, Eni’s Executive Vice President Portfolio Management. Eni, Italy’s integrated energy company, is IRPC Europe’s main and host sponsor.

China goes for gas in Iran

Beijing glimpses a Middle East energy consolidation, by replacing France's Total in South Pars gas expansion venture

Oil rigs operating off Africa rebound to highest in two years

Oil exploration in Africa is showing signs of recovery after the number of rigs off the continent rose to the highest in almost two years, with more scheduled in coming months.

Venezuela is said to urge OPEC to unite against U.S. sanctions

Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.

UK doubles down on nuclear power plans

London is stepping up its talks with Hitachi over the proposed Wylfa Newydd plant

Devon Energy Sells EnLink Midstream Stakes for $3.1 Billion

Devon Energy said it has agreed to sell its ownership interests in EnLink Midstream Partners and Enlink Midstream to an affiliate of fund manager Global Infrastructure Partners for $3.1 billion.

Repsol shows faith in oil's rally with dividend, spending boost

Repsol SA, Spain’s largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl.

Beheadings signal threat to Mozambique's $30 billion in investment

When a group of suspected Islamist militants beheaded 10 villagers in Mozambique’s gas-rich north late last month, it ratcheted up concerns that spreading attacks in the remote region could threaten a potential $30 billion in investment.

BCCK to deliver Nitech® cryogenic nitrogen removal for landfill gas-to-energy project

MIDLAND, Texas. – BCCK Holding Company, a leader in engineering, procurement, fabrication and field construction services, will provide its Nitech® cryogenic nitrogen removal process as part of a complete, high-btu gas cleaning system for a landfill gas-to-energy plant in Washington State, U.S.

Steelhead LNG appoints Corey Goulet as Vice President, Pipeline

VANCOUVER, BRITISH COLUMBIA, CANADA – Steelhead LNG has further bolstered the strength and experience of its Leadership Team with the appointment of energy infrastructure leader Corey Goulet as its Vice President, Pipeline effective July 3, 2018.

Hurricane worries prompt refiner Motiva to shift expansion plans

HOUSTON (Reuters) - Motiva Enterprises has decided not to add processing capacity at its refinery in Port Arthur, Texas, according to a company spokeswoman, fallout from last summer’s Hurricane Harvey that knocked nearly a quarter of all U.S. crude capacity offline.