PORT ARTHUR, Texas, /PRNewswire/ -- Bayport Polymers LLC ("Bay-Pol"), a joint venture of Total S.A. ("Total") and Novealis Holdings LLC – a joint venture of Borealis AG ("Borealis") and NOVA Chemicals Inc. ("NOVA Chemicals") – held the official groundbreaking ceremony for the construction of a new ethane cracker at the Total Port Arthur Refinery.
Two weeks after announcing an expansion of its refined petroleum products pipeline system in Texas, Magellan Midstream Partners says it might increase capacity even more than originally planned.
OPEC and its allies in the global oil output cuts stressed the need to maintain their cooperation to stimulate adequate investments to ensure stable oil supply.
After initial preparations, the actual installation job took only three hours. This makes it likely the fastest ever installation of a large, fully completed topside. The second of four platforms in the first development phase of the giant Johan Sverdrup field is thus installed.
The Johan Sverdrup drilling topside is now sailing from the Aibel yard in Haugesund, on its way to the North Sea. The topside is the first, and biggest, structure to be completed and 85% fully tested onshore before being installed offshore in a single lift.
Russia’s largest oil company is testing its capacity to bring back production it cut under a deal between Moscow and OPEC, telling investors it boosted output this week by about 70,000 bpd, Renaissance Capital said.
LONDON, (Reuters) - Golar LNG said financing for the flagship Fortuna liquefied natural gas project in Equatorial Guinea was "increasingly unlikely in the short-term" and may need additional equity partners after Schlumberger left the venture.
PETRONAS announced that its wholly-owned entity, the North Montney LNG Limited Partnership ("NMLLP"), has entered into a Purchase and Sales Agreement for an equity position in the LNG Canada project in Kitimat, British Columbia, Canada.
Toyo Engineering Group (TOYO) has been awarded a construction project by PT Chandra Asri Petrochemical Tbk (CAP), Indonesia's largest petrochemical company, and its subsidiary PT Petrokimia Butadiene Indonesia (PBI).
DES PLAINES, Ill., – Honeywell announced that OMV Petrom S.A. will use Honeywell Connected Plant to provide prescriptive monitoring of its CCR Platforming™ unit at its Petrobrazi refinery in Ploiesti, Romania. The CCR Platforming process upgrades low-value naphtha into high-octane gasoline and aromatics.
Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has announced the early start of production at the first phase of Kaikias, an economically resilient, subsea development in the U.S. Gulf of Mexico, with estimated peak production of 40,000 boed.
ExxonMobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand.
As Iraq settles in for the sizzling summer heat, the political temperature looks set to stay high well into autumn and possibly winter as well
Oman Oil Co. is planning to sell a 10% stake in a key natural gas field in the sultanate amid a review of the state-owned energy producer’s options for restructuring its business, according to people with knowledge of the matter.
Saudi Arabia and Russia have a difficult month ahead, according to Nordine Ait-Laoussine, president of Geneva-based consultant Nalcosa and former energy minister of Algeria.
Anadarko Petroleum (APC -0.5%) is seeking to raise a record $14B-$15B from banks and export credit agencies for its huge liquefied natural gas project in Mozambique, Reuters reports.