Industry News

Tellurian, Total finalize Louisiana Driftwood LNG export plant agreements

U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Wednesday that units of French oil major Total SA have agreed to buy LNG from the U.S. company’s proposed $30 billion Driftwood export project in Louisiana.

Russia and UAE's ADNOC discuss cooperation in LNG projects

Russian Energy Minister Alexander Novak and UAE’s minister of state Sultan Ahmed Al Jaber, who also runs the Abu Dhabi National Oil Company (ADNOC),

Brazil's Petrobras starts process to sell stake in Argentina unit Mega

Brazilian state-owned oil giant Petroleo Brasileiro SA has begun the so-called non-binding phase of the process to sell its 34% stake in Argentina’s Compañia Mega SA, it said in a securities filing.

New technology for H2S removal in crude oil

Q2 Technologies, the developer of triazine based Scavengers, has now brought to market an innovative H2S Scavenger for crude oil applications.

U.S. Midwest floods to weigh on diesel demand in fall harvest season

A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said.

Storm threat shuts down U.S. coastal refinery, adding to offshore oil production losses

Threatened flooding from a storm in the U.S. Gulf of Mexico that has cut nearly a third of the region’s oil production has forced the shutdown of a coastal refinery, pushing oil and gasoline prices higher.

Malabo's dash for gas

Equatorial Guinea has secured fresh supply for its LNG plant, but can it build on that success?

Illinois Governor Signs $45 Billion State Construction Bill

Illinois' governor has signed into law a plan that will pour $45 billion into state construction projects to build and upgrade infrastructure ranging from roads and bridges to sewage systems and broadband.

Permian to Need More Crude Takeaway Capacity After Brief Overbuild

Planned crude oil pipeline projects may result in a "moderate overbuild" of Permian Basin crude oil capacity in the early 2020s, but analysts project this period of overcapacity will be fairly short-lived before even more capacity is needed.

Bechtel continues LNG leadership with first cargo delivered at Corpus Christi’s Train 2

Bechtel and customer Cheniere Energy announced the completion of the first commissioning cargo with liquefied natural gas (LNG) from Train 2 at the Corpus Christi Liquefaction (CCL) export terminal in Corpus Christi, Texas.

Brazil's Petrobras strikes deal with regulator to sell natgas assets

Brazilian state-owned oil firm Petroleo Brasileiro SA has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the company said in an exchange filing.

Siemens’ gas turbine generator packages to power Eni Mexico Area 1 FPSO of MODEC

Siemens will provide MODEC with three 34-megawatt (MW) SGT-A35 gas turbine power generation packages that will power MODEC’s floating production, storage, and offloading (FPSO) vessel.

Three oil refineries to benefit from enhanced resilience from Profit Improvement Program

To combat imminent global economic headwinds, KBC (A Yokogawa Company) announced it has been awarded Profit Improvement Programs (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region.

BASF slashes 2019 outlook, blames U.S.-China trade war

German chemicals giant BASF warned profit would fall well below forecasts for the second quarter and full year, blaming a global economic slowdown and trade war between the United States and China.

Emerson drives 60% production increase at Bharat Petroleum Corporation refinery

Emerson, a global technology and engineering company announced the completion of the Bharat Petroleum Corporation Limited (BPCL) Kochi Refinery upgrade.

UAE aims to balance its diversification books

The UAE's ambitious plans to sustain its petrodollars while evolving as a green pioneer will not come cheap. Is the capital available?