Industry News

Climate change litigation is driving the transition

The huge court cases being filed against oil and gas companies are motivating them to invest in a low carbon future

Oxy Separates Western Midstream in Debt-Reduction Move

Occidental Petroleum said it will make its Western Midstream (WES) business a standalone company, shedding $7.8 billion in debt through its separation of the former Anadarko pipeline business.

NJ American Water to Purchase Long Hill Township Sewer System

New Jersey American Water said it has signed an agreement to acquire the wastewater assets of the Township of Long Hill, N.J. for $12.7 million.

Sakhalin LNG plant plans maintenance in summer 2020

Russia’s Sakhalin Energy will suspend both lines of its liquefied natural gas (LNG) plant for planned maintenance in summer 2020, the Interfax news agency reported, citing a senior company executive.

First cargo of liquefied natural gas shipped from Train 2 of the Freeport LNG project

McDermott International, Inc. along with its partners, Chiyoda International Corporation and Zachry Group, announced today that the first commissioning cargo of liquefied natural gas (LNG) has been shipped from Train 2 of the Freeport LNG project

Asia distillates-jet fuel cash premiums drop on ample supply, weak demand

Asia’s cash premiums for jet fuel dropped, weighed down by abundant supplies and lackluster aviation demand, while traders were skeptical seasonal heating demand for kerosene would likely remain weak due to a warmer winter this year.

McDermott to upgrade fluid catalytic cracking unit

McDermott International, Inc. announced that it has been awarded a sizeable* technology contract by Naftna Industrija Srbije (NIS) for the modernization of its existing Fluid Catalytic Cracking (FCC) unit to be implemented at their refinery in Pancevo, Serbia.

The energy transition reality gap

Industry predictions for the demand for oil and the speed of the energy transition vary wildly.

A clearer China picture set to emerge

New technologies will allow the oil market to understand what is going on in China quicker and in greater depth than before

Water infrastructure booms with shale

The US oilfield water-handling market is growing as shale production continues to rise, with the Permian Basin leading the way

Global refiners raise cleaner shipping fuel output ahead of IMO 2020

Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulfur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.

Sinopec to launch $5.7 B refinery

China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said.

European oil refining margins turn negative, fall to six-year low

Northwest European oil refining margins turned negative, falling to around -$0.49 a barrel, Reuters calculations showed.

UC Survey Reveals Major Trends for Underground Infrastructure

A comprehensive survey of our readers has provided a unique snapshot of market expectations for future underground construction trends. Topping the list: More trenchless applications and HDD.

BP Midstream Partners Considers Expanding Mars Oil Pipeline

BP Midstream Partners is considering whether to expand its 400,000-bpd Mars crude oil pipeline to accommodate new volumes from offshore oil fields in the U.S. Gulf of Mexico, its CFO said.

Saudi Aramco to supply LNG to Bangladesh

Saudi Arabian state energy company Aramco plans to supply liquefied natural gas (LNG) to Bangladesh as part of a tentative $3 billion deal signed in October, officials told Reuters.