Industry News

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.

Reducing downtime by building up high

Mammoet has completed the demolition and replacement of five heater furnaces in the center of a congested, 86-year old plant located in Texas City.

Valero signs long-term agreements to supply refined products to northern Mexico

SAN ANTONIO, – Valero Marketing and Supply de Mexico, S.A. de C.V., an indirect wholly owned subsidiary of Valero Energy Corporation, announced that it has signed long-term agreements to directly supply refined products into northern Mexico from its Corpus Christi and Three Rivers, Texas, refineries via a pipeline and terminal expansion in Nuevo Laredo, Mexico

LyondellBasell Bayport Complex receives prestigious Safety Award

HOUSTON – LyondellBasell, one of the world's largest plastics, chemicals and refining companies, announces that its Bayport Complex located in Pasadena, Texas, has received the Distinguished Safety Award (DSA) from American Fuel and Petrochemical Manufacturers (AFPM) for exemplary safety performance in 2017.

Uncertain days for Malaysia's oil industry

The surprise victory of the opposition alliance in Malaysia could lead to a new relationship between the government and Petronas

Magellan to Expand Texas Refined Products System

Magellan Midstream Partners is expanding its refined petroleum products pipeline system to handle incremental shipments to demand centers in Texas and New Mexico.

Oil pares gain as IEA discusses ways to tackle Venezuela risks

Oil traded near $71/bbl, paring earlier gains, as the International Energy Agency said it’s in talks with producing nations to step in should sanctions be imposed on Venezuela, resulting in a supply shortfall.

GEODynamics introduces professional grade perforating systems

GEODynamics’ Engineered Perforating Solutions Division has introduced FracIQ PRO, a revolutionary perforating system tailored for multi-stage plug-and-perf operations.

$23 Million Awarded for Water Projects in Texas

The Texas Water Development Board (TWDB) has approved financial assistance in excess of $23 million for water pipeline construction projects.

Russia eyes petrochemicals as answer to crude oil reliance

On a sprawling construction site in Western Siberia, about 20,000 workers are busy building what will be one of the world's five biggest petrochemical plants, part of a play by Russia to capture more of the value from the oil it produces.

Shell Lubricants unveils the 'Power of Partnerships' campaign

Shell Lubricants, the global market leader in finished lubricants, launched 'Power of Partnerships' in Mumbai, to encourage industry collaboration and harness relationships to achieve operational efficiency together.

Japan's Inpex expects to ship first LNG cargo from Ichthys site in Aus by end-Sept

Japan's Inpex Corp expects to ship the first liquefied natural gas (LNG) cargo from its giant Ichthys LNG project in Australia by the end of September, an industry source with knowledge of the matter said.

Orbital Gas U.K. secures second biomethane contract from major European industrial company

CUI Global, Inc. announced that its wholly-owned Energy subsidiary, Orbital Gas Systems Ltd. ("Orbital UK" or the "Company"), was awarded a second contract valued in excess of $500,000 for a biomethane-to-grid unit by a major European industrial company.