Industry News

Croatia acts to cut red tape for EU-backed LNG terminal project

The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.

Air Products unveils world-scale Kochi Industrial Gas Complex

Air Products announced it has inaugurated its new world-scale industrial gas complex within the Integrated Refinery Expansion Project (IREP) of the BPCL Kochi Refinery located in Kochi, India.

Qatar Petroleum to build world-scale petrochemicals complex, including Middle East's largest ethane cracker

Qatar Petroleum has invited a group of leading international companies, with extensive experiences in the petrochemicals industry, to submit proposals for partnering with Qatar Petroleum in the development and operation of a new world-scale Petrochemicals Complex at Ras Laffan Industrial City.

ExxonMobil Catalysts and Licensing, BASF Corporation form gas treating alliance for natural gas processing and petroleum refining

ExxonMobil Catalysts and Licensing LLC and BASF Corporation have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining.

BHGE said to hold talks with Abu Dhabi on drilling stake

Baker Hughes, a GE company (BHGE), is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.

UAE sees OPEC oil capacity "buffer" offsetting Iran curbs

OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.

Germany Proposes Consortium to Protect Ukraine from Nord Stream 2 Losses

Germany has proposed setting up some sort of consortium to ensure that Ukraine retains its role as a transit country for Russian gas once the Nord Stream 2 gas pipeline is operational.

Shell Midstream Partners, L.P. Announces Largest Acquisition to Date

Houston, (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire Shell’s ownership interest in Amberjack Pipeline Company LLC, which is comprised of 75% of Amberjack Series A and 50% of Amberjack Series B for $1.22 billion.

Saudis claim diplomatic victory on Iran

The kingdom says Trump's decision to withdraw from the Iran nuclear deal vindicates its long-standing regional strategy.

PDVSA learns that Conoco pain may be worse than U.S. sanctions

ConocoPhillips may finish what U.S. sanctions started.

BP chooses hte to test commercial refining catalysts

hte – the high throughput experimentation company has been selected by BP to evaluate commercial catalysts for both naphtha reforming and hydrocracking applications using high throughput technology under commercially relevant conditions for its refineries around the world.

China's Jiangsu province may shut some coke plants in smog fight

BEIJING, (Reuters) - China's Jiangsu province is considering shutting small coke plants along the Yangtze River and near Lake Tai, as the eastern province steps up its campaign against pollution, an official at the provincial government familiar with the matter said.

France's Total signs $1.5 bln Sonatrach deal for Algerian project

ALGIERS, (Reuters) - French oil and gas major Total has signed a $1.5 billion deal with Sonatrach to build a polypropylene plant in western Algeria, the companies said.

Iran crisis changes OPEC equation as Saudis signal supply boost

The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.

Eni announces the start-up of third production unit at Zohr

Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 Bcfd. Zohr is now producing 1.1 Bcfd in ramp-up, equivalent to approximately 200,000 boed, of which 75,000 boed net to Eni at current working interest.

Long shutdown casts shadow over sale of Moroccan refinery

Morocco's only refinery will find it tougher to find a buyer the longer it stays closed as equipment ages and qualified staff move away, industry sources say, almost three years after operations were halted due to heavy debts.