Industry News

US majors in the slow lane on transport transition

US majors see little incentive to prepare for greater EV adoption

Lawsuit planned against Valero for refinery pollution

Harris County in Texas plans to sue Valero Energy Corp for pollution from its Houston refinery, the head of the county’s environmental law department said.

Taiwan Formosa to trim refinery runs; raise naphtha cracker output

Taiwan’s Formosa Petrochemical Corp will operate its Mailiao refinery at about 90% capacity, down by about 6 percentage point from June but fully restore throughput at its naphtha crackers, company spokesman K.Y. Lin said.

Brazil's Petrobras believes Raizen, other distributors could buy refineries

Brazilian state-run oil firm Petrobras believes three types of companies, including domestic fuel distribution companies such as Raizen, could be interested in purchasing its refineries, an executive said.

Japan's JXTG, Vietnam's Petrolimex sign MOU to develop LNG business

Japan’s JXTG Nippon Oil & Energy, a unit of JXTG Holdings said it has signed a memorandum of understanding with Vietnam National Petroleum Group (Petrolimex) to develop a liquefied natural gas (LNG) business in Vietnam.

U.S. issues mixed report on Alaska Gasline's LNG export plant

U.S. energy regulators issued a report for Alaska Gasline Development Corp’s proposed $43.4 billion Alaska liquefied natural gas (LNG) project that found it would provide economic benefits to the state but could hurt the environment.

Novatek to sell stake in Arctic LNG 2

Russia’s biggest private gas producer, has agreed to sell a stake in its upcoming project to liquefy natural gas in Russia, the Arctic LNG 2, to Japan’s JOGMEC and Mitsui & Co, the Japanese government said.

U.S. EPA urged to hold firm on refinery biofuel waivers

Nine Republican U.S. senators urged the Trump administration’s environmental regulator to disregard a request by Democratic senators to stop issuing waivers to oil refiners on requirements to blend biofuels into motor fuels.

Before fire, Philadelphia refinery scaled back big maintenance project

Philadelphia Energy Solutions dramatically scaled back a large maintenance project in January in the same section of the refinery complex where a massive explosion occurred last week, according to three sources familiar with the plant’s operations.

Exxon to partner with carbon capture firm

ExxonMobil and Global Thermostat said they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere.

Papua New Guinea treasurer calls for more benefits from LNG projects (1)

Papua New Guinea’s new treasurer put Total SA, Exxon Mobil Corp , Newcrest Mining and their partners on notice that the country wants to extract more benefits from their gas and mining projects.

New technology to produce animal feeds from natural gas

BP Ventures has made an investment of $30 million in Calysta, Inc., an alternative protein producer, that will use BP’s natural gas to produce protein for fish, livestock and pet feeds.

Enel agrees extension of gas supply deal with Sonatrach

Italy’s biggest utility Enel has agreed with Algeria’s Sonatrach to extend a gas supply contract by eight years with the possibility of a further two years if both sides agree.

Canadian LNG terminal Woodfibre signs up BP as its first customer

Woodfibre LNG, a liquefied natural gas (LNG) project in Canada, said it had signed a unit of BP as its first customer, a crucial step towards developing the export facility.

Start-up of H-Energy's Jaigarh LNG import terminal in India delayed

Indian natural gas company H-Energy Pvt Ltd will delay the start of its liquefied natural gas (LNG) import terminal at Jaigarh to the fourth quarter of 2019, the company’s Chief Executive Officer Darshan Hiranandani said.

Fourth partner for Arctic LNG-2 project likely to be from Asia

The final partner for Novatek’s new liquefied natural gas project, Arctic LNG-2, is likely to be an Asia Pacific customer, with a deal due in days, a senior official at the Russian gas producer said.