Industry News

Kenya enters the oil business

The East African country exports its first consignment of oil while Tullow prepares for 2020 FID

Guyana’s stop-start election makes headway

Latin America’s fledgling hydrocarbons province sets election date as first oil looms

Maintenance at Australia's North West Shelf LNG plant continues

Maintenance at the North West Shelf liquefied natural gas (LNG) plant is ongoing, a spokesman for operator Woodside Petroleum said.

DOE approves Eagle LNG for exports

The U.S. Department of Energy (DOE) announced the issuance of an order to Eagle LNG Partners Jacksonville LLC (Eagle LNG) approving exports of domestically produced liquefied natural gas (LNG) from the Eagle Jacksonville Project

Poland expects to remove tainted Russian oil by July 2020

Poland’s pipeline operator PERN expects that its system will be completely cleared of contaminated Russian oil by July 2020, its Chief Executive Igor Wasilewski said.

First-of-its-kind solar facility directly powering oil and gas operations

Occidental announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin.

World’s largest producer of phenol breaks ground at cumene investment

INEOS Phenol has broken ground at its world-scale cumene investment in Marl Germany. The new state of the art 750,000 tons unit is scheduled to be completed in 2021.

U.S. group forms to defend natural gas against anti-fossil fuel measures

A group backed by anonymous donors launched a campaign to promote the benefits of cheap, abundant natural gas against proposals like the Green New Deal that would phase out use of the fossil fuel.

Petrobras reaches agreement to exit Uruguay gas distribution

Brazil’s Petroleo Brasileiro SA has signed an agreement to exit the natural gas distribution segment in Uruguay, the company said in a statement, without disclosing values.

Thailand's Gulf Energy and PTT to build $1.33B LNG project

Thailand's Gulf Energy Development Pcl and state-owned PTT Pcl will build a 40.9 billion baht ($1.3 billion) gas terminal and port on the country's east coast, the Industrial Estate Authority of Thailand (IEAT) said.

Iran building oil pipeline to terminal outside Gulf

Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country’s oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.

China's Rongsheng says Saudi crude supply to return to normal in October

Saudi crude oil supplies for China’s privately-run Zhejiang Petrochemical Corp will return to normal in October after a slight disruption last month following the attacks on Saudi Aramco’s facilities, two company officials said.

Refiner spends big on petrochemicals, seeks JV

China’s privately owned Bora Enterprise Group has started construction of a $2.5 billion petrochemicals plant in northeast China as it looks to finalize a planned joint venture with LyondellBasell Industries (LYB.N), company sources said.

LNG prices seen wallowing at 10-year seasonal lows by year end

Asian LNG prices will likely be at their lowest, seasonally, in a decade by the end of the year as rapidly rising production outstrips feeble demand, weighed down by a global economic slowdown and the U.S.-China trade war, traders said.

Kosmos touts 2nd LNG plant in Senegal after drilling results

Kosmos Energy, a U.S.-listed oil and gas exploration company, said the results of its appraisal drilling offshore Senegal were good enough to consider a second liquefied natural gas (LNG) export plant in the West African country.

Oil company says refinery revamps set for January

Full restoration work on all three of Nigeria’s state-owned refineries will begin in January, the Nigerian National Petroleum Corporation (NNPC) said in a statement.