Industry News

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

Cost of giant Aramco refinery project to rise

India’s planned giant refinery and petrochemical project, which is being built with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC), will cost more than the originally planned $45 billion, India’s oil minister said.

Asian oil refiners' light, sweet tooth drives changes in purchases

Asian refiners are buying more light crude and trimming purchases of heavy oil, as they tweak production to meet rising demand for low-sulfur fuels in the shipping sector.

Industry-first, continuous methane measurement program

Drones equipped with space-age sensors are part of a wave of advanced technology zooming into operation at BP’s new major oil and gas processing projects as part of a program to continuously measure methane emissions.

Air Products advances gasification growth strategy

Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd. (“Debang Group”), to build, own and operate a coal-to-syngas processing facility.

Plans for Israeli gas exports to Egypt on track

Plans to start exporting gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian petroleum minister Tarek El Molla said.

Refiner starts building IMO-compliant fuel stocks

Cosmo Oil, Japan’s third-largest refiner, has started building stocks of very low-sulfur fuel oil (VLSFO) that can be supplied to domestic marine fuel markets from October ahead of IMO 2020, its top executive told Reuters.

Go West: Nigerian oil skirts U.S. shale boom

Nigeria’s oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country’s shores.

NOVATEK signs MOU with Petronet LNG

NOVATEK and Petronet LNG signed a Memorandum of Understanding (the “MoU”) on future natural gas cooperation.