Industry News

Saudi Arabia to restore full oil output by next week

Saudi Arabia has restored more than 75% of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters.

Indonesia's Pertamina stops oil spill off Java

Indonesia's state oil and gas company PT Pertamina said it had stopped an underwater leak from an oil well off West Java over the weekend after more than two months of spillages.

Oil firm signs Honeywell Ecofining renewable fuels technology

Honeywell announced that St1 Nordic Oy has licensed the UOP’s Ecofining™ renewable fuels technology to produce 4,000 barrels per day of diesel and jet fuel integrated with its refinery complex in Gothenburg, Sweden. Basic engineering design for the project has already been completed.

Saudi Arabia draws down oil stocks to maintain supply after attack

Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network while repairing and replacing installations damaged in the recent attacks.

Refinery begins FCCU work; CDU to run below full

BP Plc began a planned overhaul of the small gasoline-producing fluidic catalytic cracking unit (FCCU) at its 430,000 barrel-per-day (bpd) Whiting, Indiana, refinery, said sources familiar with plant operations.

Woodside signs LNG supply deal

Woodside Petroleum saidit has signed a preliminary agreement to supply liquefied natural gas (LNG) to German utility Uniper for 13 years starting in 2021, contingent on Woodside developing its Scarborough gas project.

Air Liquide announces significant investment

Air Liquide announced an agreement with Methanex Corporation to supply oxygen, nitrogen and utilities to its upcoming methanol plant expansion project in Geismar, Louisiana.

Qatar Petroleum and Shell in LNG marine fuel venture

Qatar Petroleum and Shell agreed to establish a partnership to accelerate the development of liquified natural gas (LNG) fuelling infrastructure around the world.

LNG Ltd to supply gas to Vietnam from Louisiana project

Australia-listed Liquefied Natural Gas Ltd said it signed a deal with a province in Vietnam to supply liquefied natural gas (LNG) from its Louisiana-based Magnolia project.

Air Liquide signs new long-term contract to supply hydrogen to Tabangao refinery

Air Liquide Philippines and Pilipinas Shell have signed a long-term contract for a supply of Hydrogen to Shell’s Tabangao refinery in Batangas, Philippines.

Trump administration approves biofuel quota boost

U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said.

Asia needs light crude, Saudi Arabia needs oil products

Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks that forced it to shut down more than half of its oil output.

Massive flare at refinery caused by power cut

Several units at Essar’s 200,000 barrel per day Stanlow refinery in northwest England were shut down following a power outage, a spokesman for the plant said.

Lyondell Houston refinery continues demolition program

LyondellBasell Industries is in the second year of a five-year program to demolish permanently idled units at its 263,776 barrel-per-day (bpd) Houston refinery, said sources familiar with plant operations.

New integrity management standards for offshore natural gas and oil production

API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil.

Woodside seeks buyers for gas assets in Australia, Canada

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada’s Kitimat liquefied natural gas (LNG) project to cut its capital exposure