Industry News

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.

API: U.S. petroleum demand sustains its highest level in 11 years

The American Petroleum Institute (API) reported that the first four months of this year saw U.S. petroleum demand average 750,000 bpd above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 MMbpd of oil.

SDX Energy confirms significant discovery in South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well, following the recent conventional natural gas discovery at South Disouq, Egypt.

Colombian oil revival hopes face electoral test

An upcoming election and auction round will help determine the country's oil fortunes

Land acquisition woes thwart India's mega refinery plan with Saudi Aramco

MUMBAI/NEW DELHI, (Reuters) - At the International Energy Forum in Delhi in April, the world's top oil producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project on India's west coast.