Industry News

Global refiners raise cleaner shipping fuel output ahead of IMO 2020

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulfur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.

Sinopec to launch $5.7 B refinery

China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.

European oil refining margins turn negative, fall to six-year low

Northwest European oil refining margins turned negative, falling to around -$0.49 a barrel, Reuters calculations showed.

UC Survey Reveals Major Trends for Underground Infrastructure

A comprehensive survey of our readers has provided a unique snapshot of market expectations for future underground construction trends. Topping the list: More trenchless applications and HDD.

BP Midstream Partners Considers Expanding Mars Oil Pipeline

BP Midstream Partners is considering whether to expand its 400,000-bpd Mars crude oil pipeline to accommodate new volumes from offshore oil fields in the U.S. Gulf of Mexico, its CFO said.

Saudi Aramco to supply LNG to Bangladesh

Saudi Arabian state energy company Aramco plans to supply liquefied natural gas (LNG) to Bangladesh as part of a tentative $3 billion deal signed in October, officials told Reuters.

ADNOC LNG Signs Agreements with BP and Total

ADNOC LNG said it has concluded supply agreements with subsidiaries of BP and TOTAL, effectively booking out the majority of its LNG production through Q1 2022.

Finland's Gasum boosts LNG business in Nordics with Linde deal

Finnish state-owned gas company Gasum said it had agreed to buy Linde’s liquefied natural gas (LNG) and marine bunkering business in Norway and Sweden.

ABB to digitalize SABIC chemical plant

ABB has won a project to install its renowned extended automation system at a greenfield pilot plant for SABIC in Jubail, Saudi Arabia, supporting SABIC’s broader vision to digitalize its operations.

ADNOC: Oil is our gold and we aim to use all of it

Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.

First Cobalt seeks government backing to restart Canadian refinery

First Cobalt Corp is in advanced talks with Canada’s Ontario province to finance the $37.5 million required to restart its idled cobalt refinery, President and Chief Executive Officer Trent Mell said.

Nigeria waits for promises to be fulfilled

The National Assembly has waited more than six months for the president to give his assent to anti-corruption legislation

New systems, new cyber threats

Threat actors constantly remain one step ahead of those seeking to prevent malicious attacks

IOCs retain Algerian caution

Sceptical Western investors adopt wait-and-see attitude even after Algeria’s interim government agreed a draft hydrocarbons law

R.I. Winter Gas Outage Blamed on Low Pipe Pressure

Rhode Island public utilities regulators say a natural gas outage that affected more than 7,000 customers last winter was caused by low pressure in a pipeline.

High on Earnings, TC Energy Plans C$1.2 Billion System Expansion

Fresh off of a 55% quarterly increase in liquids transportation earnings, Keystone pipeline operator TC Energy said it will proceed with another C$1.2 billion expansion to its pipeline system.