Industry News

Chinese refiner Hengli to receive first Saudi crude oil by July

SINGAPORE (Reuters) - Chinese private chemical producer Hengli Group will receive its first cargo of Saudi crude oil by July as it prepares a new refinery for trial runs to be held in October, a source with knowledge of the matter said.

Total and Domo Chemicals inaugurate joint project at Leuna Refinery in Germany

Total and Domo Chemicals inaugurated a 60 million-euro benzene production and extraction project at Total’s Leuna Refinery in Germany. The project consisted of constructing a new unit at the refinery that enriches an intermediate product from the gasoline production. The entire output will be sent via a 1.6 pm pipeline to a new caprolactam producing unit at Domo. Both units started operation at the beginning of 2018.

Trans Mountain Pipeline, Expansion Project to Be Sold for C$4.5 Billion

Kinder Morgan said that Kinder Morgan Canada Limited agreed to the purchase of the Trans Mountain Pipeline system and the expansion project by the Canada government for C$4.5 billion (US$3.46 billion).

Return to $100-oil is far from unlikely, Norway minister says

Two years ago, western Europe’s biggest oil producing nation said no one should count on $100-crude coming back. Now Norway’s changed its tune.

India vows to ignore Trump's sanctions and continue Iran imports

President Donald Trump may have ordered the re-imposition of sanctions on Iran, but one of Asia’s biggest oil importers -- and a strategic partner of the U.S. -- plans on ignoring them.

Solaris Water Midstream Starts Pecos Star Operations

Solaris Water Midstream said it has commenced operations on the first phase of its 300-mile Pecos Star water system, which is designed to serve oil and gas producers in the Delaware Basin of West Texas and New Mexico.

Trump Administration Defends Keystone XL Pipeline in Court

Trump administration attorneys defended the disputed Keystone XL oil sands pipeline in federal court on Thursday against environmentalists and Native American groups that want to derail the project.

UGI Expands Gathering System in Marcellus Basin

UGI Energy Services will add 150 MMcf/d capacity to its Auburn Gathering System in the Marcellus Basin with construction of two compressor stations.

Sanctions threaten North Sea project

Uncertainty over US sanctions is causing jitters among oil and gas project developers

Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

Exxon CEO's solution on shares: Drill big, drill better

Darren Woods is mounting a strong defense of his plan to rescue ExxonMobil Corp. from its share-price slump with a multi-billion-dollar investment spree that’s at odds with the belt-tightening undertaken by rivals.

Shale boom buyout king sees redemption after $2-billion meltdown

John Walker sees redemption ahead as oil prices rise and EnerVest gets its finances in order.

American oil boom seen tempting ships to steer clear of Iran

The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.

New Jersey Challenges FERC Approval of PennEast Pipeline

New Jersey has petitioned a federal appeals court to set aside FERC's approval of the PennEast Pipeline in another attempt to block construction of the $1 billion project.

Japan's Tokyo Gas takes first LNG cargo from Cove Point

http://gasprocessingnews.com/news/japans-tokyo-gas-takes-first-lng-cargo-from-cove-point.aspx

Venture Global LNG enters into LNG Sales and Purchase Agreement with BP for 2 Million Tonnes Per Year

ARLINGTON, VIRGINIA – Venture Global Calcasieu Pass, LLC, a subsidiary of Venture Global LNG, Inc., and BP(BP LN)have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of two million tonnes per annum (MTPA) from the Venture Global Calcasieu Pass LNG export facility, currently under development in Cameron Parish, Louisiana, USA.