Industry News

Gazprom sign subsea production equipment contract

Alexey Miller, chairman of the Gazprom management committee, and Yan Novikov, chairman of the management board, director general of the Almaz-Antey Corporation, at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases.

McDermott executes contract for Pan Malaysia field development

McDermott International, Inc. has announced two sizeable contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.

Shell eyes limit to how clean oil output can be

There’s only so much you can do to make oil and gas production cleaner.

Qatar Petroleum signs initial deals to boost local energy industry

Qatar, the world's top liquefied natural gas (LNG) exporter which is facing a trade boycott by some Arab states, wants to reduce reliance on imports and lift domestic production.

Air Products wins contract for Golden Pass LNG export project

Texas project will be the 4th US export facility using Air Products' proprietary LNG technology.

Iran says self-sufficient in gasoline production -state TV

Iran has become self-sufficient in gasoline production, Iranian Oil Minister Bijan Zanganeh said after the inauguration of the third phase of the Persian Gulf Star Refinery

Saudi Arabia signs oil agreement to supply Pakistan

Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs,

Anadarko closes in on final Mozambique LNG decision with another supply deal

U.S. independent energy producer Anadarko has notched up another long-term commitment to buy liquefied natural gas (LNG) from its proposed Mozambique terminal, moving closer to approving the multi-billion dollar project.

Argentina renegotiates key gas supply contract with Bolivia

Bolivia and Argentina agreed to a modification in a key gas import contract that changes prices and volumes the Andean country exports to the southern nation, the governments announced.

Chevron signs new gas agreement with GS Caltex

Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp, announced the signing of a sales and purchase agreement with GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea from Chevron’s global supply portfolio.

Trafigura halts oil trade with Venezuela

Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with direct knowledge of the matter said.

LyondellBasell technology selected for polypropylene plant in India

LyondellBasell, the world’s largest licensor of polyolefin technologies, announced HPCL-Mittal Energy Limited (HMEL), has selected LyondellBasell’s fifth-generation Spheripol polypropylene process technology for a 500 KT per year plant in Bathinda, India.

Citgo Petroleum to dismiss workers in Aruba over U.S. sanctions -prime minister

A Citgo Petroleum Corp refining unit in Aruba plans to dismiss workers following sanctions imposed by the United States on Venezuela's state-run PDVSA, the parent company of the U.S. refining firm, the island's prime minister said.

Shrinking demand may necessitate OPEC production cut extension

Even as OPEC begins implementing the output cuts they agreed in December, the world’s crude requirements are shrinking further, suggesting that they will need to extend the deal through the second half of the year.

Aramco comes out to play on an empty playground

According to Khalid Al-Falih, Saudi Arabia’s energy and industry minister and chairman of Saudi Arabian Oil Co., “the world is going to be Saudi Aramco’s playground.”

BP energy outlook 2019 envisions rapid growth, low-carbon future

The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition.