Industry News

LNG Canada committed to starting construction on project in 2018

he chief executive of the LNG Canada project on British Columbia's northern coast said that the company was committed to starting construction on the C$40 billion ($31.1 billion) liquefied natural gas export project this year.

GTT receives notification for the order of two new LNG carriers

GTT has received an order notification from an Asian shipyard for the design of the LNG tanks of two new LNG carriers (LNGCs). These vessels will be built on behalf of a European shipowner.

ADNOC and Ravago Group explore collaboration opportunities at Ruwais Industrial Complex

The Abu Dhabi National Oil Company (ADNOC) announced that it has signed a Memorandum of Understanding (MOU) with Ravago Group (Ravago), a leading service solutions provider in the global polymers and chemicals market, to explore opportunities for cooperation at the Ruwais Industrial Complex in the UAE.

Bunge cuts biodiesel output in German refinery

U.S. agribusiness group Bunge said on Wednesday it was reducing biodiesel output at a German refinery, the latest in a series of production cuts in Germany following a surge of cheap imports of the green fuel into Europe.

Iran plans first foreign oil pact since Trump left nuclear deal

Iran plans to sign a $1.16-billion agreement with the UK’s Pergas Resources International Ltd. to work on a southern oil field, marking the Persian Gulf nation’s first energy venture with a foreign company since U.S. President Donald Trump ripped up the Iran nuclear deal.

Wintershall submits PDO for Nova field, in the Norwegian North Sea

Wintershall has, together with its partners Capricorn, Spirit Energy, Edison and DEA, submitted the Plan for Development and Operation (PDO) for its operated North Sea Nova field (formerly Skarfjell) to the Norwegian Ministry of Petroleum and Energy.

Gas giants swap roles as biggest buyer turns to Australia

The gas market is being flipped upside down.

Oil rises to $79 in London on Mideast risk from Iran to Gaza

Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Iran.

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.