Industry News

Indonesia's Pertamina signs SK, Hyundai for $4 billion refinery upgrade

Indonesian energy giant Pertamina on Monday said it appointed South Korea’s SK Engineering & Construction Co and Hyundai Engineering Co Ltd as engineering and construction contractors for its Balikpapan refinery upgrade.

Russia's Antipinsky refinery halts crude processing

New Stream, the owner of Russian private oil refinery Antipinsky, said oil flows to the plant would resume shortly.

Kenya Pipeline Company’s CEO Arrested over Loss of Funds

Kenya appointed an acting chief executive to the state pipeline company KPC after five of its senior executives, including the CEO, were arrested in connection with the loss of funds at the firm, the latest move to crack down on corruption.

East Texas City Proceeds with $100 Million Infrastructure Program

Officials in Tyler, Texas, pledged $100 million dollars on 100 projects to rebuild to rebuild the city's aging water and sewer systems over a period of 10 years. Lockwood, Andrews & Newnam is designing improvements to two major sanitary sewer basins.

Asian refiners' profits slump as mild weather exacerbates oil products glut

Oil refiners’ profits in Asia have slumped to the lowest in more than four years after refineries ramped up output in the fourth quarter and churned out excess fuel in anticipation of stronger demand during winter.

Meridian Energy Group signs McDermott as Davis Refinery EPC contractor

Meridian Energy Group, Inc., the leading developer of innovative, advanced technology and environmentally-compliant oil refining facilities, announced that the company has signed an agreement with McDermott out of Houston, Texas

Venezuela's refinery woes send fuel imports soaring

Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters.

Glencore's Singapore head of oil becomes LNG boss as Mark Catton retires

Tokyo Gas Co has signed a joint development agreement with Philippines’ First Gen Corp to build and operate a liquefied natural gas (LNG) receiving terminal in the Philippines, its first foray into energy infrastructure development in Southeast Asian country.

Tokyo Gas, First Gen plan to build LNG import terminal in Philippines

Philippine power company First Gen Corp and Tokyo Gas Co on Wednesday said they had signed a preliminary agreement to jointly develop a liquefied natural gas import terminal project in the Philippines.

Pakistan LNG says Trafigura, Gunvor lowest bidders in LNG tender

Pakistan LNG said on Thursday commodity traders Trafigura and Gunvor had made the lowest bids in a tender to supply three cargoes of liquefied natural gas between late January and late February.

Venture Global LNG and Kiewit announce execution of EPC for Calcasieu Pass LNG export facility

Venture Global LNG, Inc. and Kiewit jointly announced that Kiewit has been awarded the engineering, procurement, and construction (EPC) contract for the Calcasieu Pass LNG export project

Qatar’s Opec exit a sign of rising intra-Gulf tensions

The Gulf state’s departure will not damage Opec’s operations, but will cement intra-Gulf divisions

State oil company of Azerbaijan selects Honeywell for modernization program

Honeywell announced that the State Oil Company of Azerbaijan Republic (SOCAR) will use Honeywell UOP’s Pressure Swing Adsorption (PSA) technology to supply high-quality hydrogen as part of the modernization of the Heydar Aliyev Oil Refinery (HAOR) in Baku, Azerbaijan.

Israel plans to be powered by natural gas

Israel has set targets for greater use of gas in power generation and transport over the coming decade

Bulgaria OKs Pipeline Linking Russian gas to Central Europe

Bulgaria will go ahead with construction of a $1.59 billion pipeline to Turkey that enables Gazprom to transport natural gas from the TurkStream pipeline to Europe, bypassing Ukraine to the south.

Pipeline Vandals Cause 8,000-Barrel Spill in Peruvian Amazon

Peru's state oil company said about 8,000 barrels of crude oil spilled in the Amazon after vandals severed a pipeline and then blocked access by technicians seeking to repair it.