Industry News

South Africa's Sapref to close for routine maintenance

South Africa’s largest refinery, the 180,000 barrel per day Sapref plant in the east coast city of Durban will shut down for routine maintenance from the last week of May until the end of July, a refinery official said.

Uganda expects first oil production to be delayed to 2022

Uganda expects to begin producing oil in 2022, its energy minister Irene Muloni said, indicating a slight delay from the east African country’s revised target of 2021.

China's Zhenhai refinery exports first diesel, jet fuel to Europe

Sinopec Corp unit Zhenhai Refining & Chemical Corp has exported diesel and jet fuel to Europe for the first time, Sinopec said.

McDermott on Cameron LNG Project

McDermott International, Inc. commented on its assessment of the financial position of the Cameron LNG project as of the end of the fourth quarter of 2018.

Los Angeles abandons new natural gas plants in favor of renewables

Los Angeles will abandon a plan to replace three aging gas power plants along its coast with newer natural gas technology and will instead invest in renewable energy as it seeks to move away from fossil fuels, the city’s mayor said.

Egypt plugs hub status as Shell, Eni, Exxon win energy concessions

Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders, as the country looks to sustain an investment upswing spurred by major discoveries.

Rowan executes contract with Petronas Mexico for Rowan Renaissance

Rowan Companies plc has announced that the Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico by PC Carigali Mexico Operations, S.A. de C.V. for an estimated duration of 80 days that is expected to commence in the second quarter of 2019.

Texas shale forces big oil cost revolution, Chevron CEO says

For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas.

Oil extends gain on Saudi output pledge, Trump trade flexibility

Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.

Next-generation catalyst achieves high activity and selectivity at styrene monomer production facility

Clariant, a world leader in specialty chemicals, announced the successful performance of its StyroMax UL3 ethylbenzene dehydrogenation catalyst at the styrene monomer production facility of Shandong Yuhuang Chemical (Group) Company.

Exxon's Baton Rouge refinery shuts CDU for planned work

Exxon Mobil Corp shut the second-largest crude distillation unit (CDU) at its 502,500-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery for a planned overhaul, said sources familiar with plant operations.

One of the oldest U.S. refineries in trouble again

Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy.

Inpex raises annual profit forecast on stronger Ichthys income

“The Ichthys project has made more progress (in ramp-up) than we had expected.”

Shell aims to increase LNG exports from Egypt

Royal Dutch Shell aims to increase liquefied natural gas (LNG) exports from Egypt this year as it ramps up production from a West Delta field, the company’s country chairman Gasser Hanter said.

Praxair to double capacity at Missouri plant

Praxair, Inc., a wholly-owned subsidiary of Linde plc, has announced it will expand production capacity at its Neosho, Missouri air separation plant.

Egypt dangles incentives to draw more oil, gas investors (1)

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.