Industry News

US shale patch faces worsening headwinds

Mounting constraints on US light-tight oil only compound the hazardous task of predicting growth

Nigeria secures $2.5bn gas pipeline finance

Stakeholders will sign an agreement with Chinese lenders by Q2 2020 to fund the country’s biggest pipeline project

Chinese demand for U.S. LNG unlikely to surge as long as tariffs remain

Chinese purchases of U.S. liquefied natural gas (LNG) are unlikely to surge, despite an agreement for China to buy more U.S. energy supplies, because tariffs on gas from the United States remain in place, analysts and traders said.

Prices rise on LNG drop, expectations of stronger demand

British wholesale gas prices increased, supported by a drop in liquefied natural gas (LNG) send-out and expectations of a demand rise.

Australia's Woodside Petroleum signals higher output in 2020

Australia’s Woodside Petroleum posted a nearly 7% rise in fourth-quarter production and forecast higher output for fiscal 2020, as it steps up work on growth projects in a bid to triple its oil and gas reserves over a decade.

U.S. energy exports to climb as China pledges ramp-up in purchases

U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said.

Fourth unit at Kinder Morgan's Georgia Elba LNG export plant ready for service

Kinder Morgan Inc asked U.S. energy regulators for permission to put the fourth liquefaction train in service at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia.

Natural gas pumping from Israel to Egypt to begin

Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday.

Total postpones restart of Donges refinery unit due to strike

French energy major Total has postponed the restart of a distillation unit at its 220,000-barrel-per-day Donges refinery until Friday due to a nationwide strike over planned pensions reform, the company said.

Naphtha premiums remain high amid demand loss from cracker cuts

Asia will lose more than 300,000 tonnes of naphtha demand this month as petrochemical makers cut output to combat weak margins, but refinery maintenance is reducing supply of the plastics and chemicals building block, holding premiums steady.

ADNOC announces comprehensive 2030 sustainability goals

The Abu Dhabi National Oil Company (ADNOC) announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.

Refiners over a barrel?

Challenges and costs increase as ageing oil fields reach the ‘babushka’ stage

Climate change litigation is driving the transition

The huge court cases being filed against oil and gas companies are motivating them to invest in a low carbon future

Oxy Separates Western Midstream in Debt-Reduction Move

Occidental Petroleum said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.

NJ American Water to Purchase Long Hill Township Sewer System

New Jersey American Water said it has signed an agreement to acquire the wastewater assets of the Township of Long Hill, N.J. for $12.7 million.

Sakhalin LNG plant plans maintenance in summer 2020

Russia’s Sakhalin Energy will suspend both lines of its liquefied natural gas (LNG) plant for planned maintenance in summer 2020, the Interfax news agency reported, citing a senior company executive.