Industry News

Natural gas storage likely to enter winter at lowest levels since 2005

Lingering cold temperatures in April 2018, the coldest April in the past 21 years, delayed the start of the natural gas storage refill season by about four weeks. Coupled with heavy natural gas withdrawals in January 2018, the delayed start to the refill season led to storage levels that have remained lower than the previous five-year minimum.

Air Liquide is committed to the development of hydrogen with 6 new hydrogen stations

During the visit of Mr Moon Jae-In, President of South Korea, to the Air Liquide hydrogen station at Place de l'Alma, Benoît Potier, Chairman and Chief Executive Officer of Air Liquide, reaffirmed the Group's commitment to support the deployment of hydrogen infrastructure for mobility.

Decline rates from maturing oil wells in the Permian are on the rise

Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator.

Chevron exits Norway as wider retreat looms from North Sea

Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the U.S. major seeks higher returns elsewhere.

Chevron eyes Houston Ship Channel for 2nd U.S. Gulf refinery

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said.

CNOOC to expand Jiangsu Binhai LNG project

China’s CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions, state-media China News reported citing a project manager from CNOOC.

FERC Approves Atlantic Sunrise for Full Service; Williams Plans Oct. 6 Start

Williams received final regulatory approval and plans to begin full service on its Atlantic Sunrise natural gas pipeline this weekend. The Transco expansion adds 1.7 Bcf/d of long-awaited takeaway capacity from the Marcellus Basin and boosts capacity of the nation's largest-volume natural gas pipeline system by 12%.

Morocco preparing tender for $4.5 bln LNG project

Morocco is preparing to invite bids for a liquefied natural gas (LNG) project in Jorf Lasfar worth $4.5 billion, Energy Minister Aziz Rabbah said.

Aggreko unveils new fuel-efficient, 100 percent oil-free air compressor fleet

Aggreko plc unveiled a new fleet of 100% oil-free air (OFA) compressors for industrial and commercial applications.

Exxon Mobil eyes multi-billion dollar investment at Singapore refinery: executive

Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said.

Pepperl+Fuchs launches industrial thin client for virtualized HMI systems

Pepperl+Fuchs, a world leader in process automation and applications, launched a new compact industrial box thin client

South Africa looks to kickstart its biofuels industry

South Africa hopes to finalize its biofuels regulatory framework by March next year, the energy minister said, almost a decade after the policy to promote biofuels like ethanol and biodiesel was first approved.

San Angelo Unveils Concho River Water Supply Plan

San Angelo, TX, has identified the Concho River Water Project as its best option for future water supply. It involves releasing highly treated water from the city’s wastewater treatment plant into the Concho River, to be recouped downstream and piped back to a treatment plant.

Michigan, Enbridge Agree on Line 5 Pipeline Replacement

Michigan has agreed with Canada's Enbridge to replace aging crude oil pipes in a channel linking two of the Great Lakes with another that would run through a tunnel far below the lake bed.

LNG Canada signals the return of mega-projects

Speaking after Shell, Petronas and their partners announced FID for LNG Canada this morning, Dulles Wang, director, North America gas, said: “This is the first LNG export project to reach FID in Canada and the first greenfield LNG export project globally in five years.

Pipeline Deal Brings Export of Israeli Gas to Egypt Within Sight

Companies operating in both Israel and Egypt will invest in the EMG pipeline to enable a landmark $15 billion natural gas export deal to begin next year.