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ChemChina and Sinochem Press $120B Deal - Sources
Tuesday, May 23, 2017 A deal reportedly could be announced by the end of the year, four people with knowledge of the negotiations said.

Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.

Nigeria Activist Group Calls For Progress On Small-Scale Oil Refineries
Tuesday, May 23, 2017 An activist group in Nigeria's oil-rich Delta region calls for the government to advance plans to allow illicit bush refineries to be converted into legal operations.

China April LNG Imports Up 15.6 Pct on Year -Customs
Tuesday, May 23, 2017 China's imports of LNG posted the first year on year gain in four months, customs figures showed.

Russia Beats Saudi As Top China Oil Supplier for Second Month
Tuesday, May 23, 2017 Russia has kept its top spot as oil supplier to China.

Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Tuesday, May 23, 2017 The company said that $12 billion would be the initial investment in a project to expand refining capacity at Motiva's Port Arthur, Texas, refinery.

Trump Budget Would Sell Entire US Northeast Gasoline Reserve
Tuesday, May 23, 2017 The Trump administration is proposing to sell off in the coming fiscal year the entire gasoline reserve created in the aftermath of Hurricane Sandy, according to its budget proposal unveiled on Tuesday.

Shell Shareholders Reject Emissions Target Proposal
Tuesday, May 23, 2017 The vote is a setback for climate activists who are increasing pressure on global oil companies.

Trump Proposes Selling Off Half US Strategic Oil Reserve
Tuesday, May 23, 2017 The White House plan to trim the national debt includes selling off half of the nation's emergency oil stockpile, part of a broad series of changes proposed by President Trump.

Venezuela Oil Executive Arrested in Corruption Probe
Tuesday, May 23, 2017 Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp.

Carlyle Battles Insurers in New York Over Moroccan Oil Losses
Monday, May 22, 2017 Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.

Where Did Top Downstream Execs Go To College?
Monday, May 22, 2017 Check out the educational routes some top downstream execs took to launch their careers.

China Says Will Eventually Allow Private Companies To Invest In Oil Storage
Monday, May 22, 2017 China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector.

After Merger, Refiner Delek to Lay Off Staff in Texas
Monday, May 22, 2017 Delek will cut almost 100 Dallas workers after its merger with Alon is completed.

Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Monday, May 22, 2017 Energy consultants Wood Mackenzie now expect a net refinery capacity addition in Asia of 360,000 bpd, down from a forecast of 450,000 bpd in December.

Glencore Predicts OPEC Insulated From Electric Vehicle Impact
Monday, May 22, 2017 Glencore is among the mining companies that anticipate electric vehicles could have a much earlier impact than previously thought.

India Moving Beyond Oil As Seeks Alternatives to OPEC
Monday, May 22, 2017 India's petroleum and natural gas minister made the comments in Vienna ahead of OPEC's meeting this Thursday.

Japan to Set Up Venture to Expand Hydrogen Station Network
Monday, May 22, 2017 Japan is betting heavily on becoming a "hydrogen society" despite the high costs and technical difficulties.

China Love for US Gas Begins as Trump Rolls Out Red Carpet
Monday, May 22, 2017 Let the gushing begin.

Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government said it is negotiating with Petronas to acquire a 10 percent equity stake in an LNG production facility.

Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government says it is negotiating with Petroliam Nasional Berhad to acquire a 10% equity stake in an LNG production facility at Petronas' LNG complex in Bintulu, Sarawak.

Netherlands to Receive First LNG Cargo from Cheniere's US Plant
Monday, May 22, 2017 The Netherlands is set to receive its first LNG delivery from Cheniere Energy's Sabine Pass export plant in the United States, according to shipping data.

Clariant to Buy Huntsman for $6.4 Billion as M&A Surges
Monday, May 22, 2017 The new entity's global headquarters will be at Pratteln, Switzerland and its operational headquarters will be at The Woodlands, Texas.

Huntsman-Clariant Is a Good Mix With a Governance Risk: Gadfly
Monday, May 22, 2017 The stars have aligned for another big transatlantic chemical deal.

Vietnam's Sole Refinery Plans to Sell 5-6 Pct Stake in IPO in Q4
Monday, May 22, 2017 Vietnam's Dung Quat oil refinery plans to sell a 5-6 percent stake in the company in the fourth quarter of 2017 via an initial public offering (IPO), it said in a statement.

White House Moving Ahead with Stiff EPA Budget Cuts -Group
Friday, May 19, 2017 An EPA spokeswoman defended aggressive proposals to cut the agency's budget.

Chile to Export Gas to Argentina to Cover Winter Demand
Friday, May 19, 2017 Chile does not have significant gas production of its own but is selling surplus LNG imported via its Pacific-facing ports.

ExxonMobil Plans to Import Fuel to Mexico to Supply Its Gas Stations
Friday, May 19, 2017 ExxonMobil expects to open its first service stations in Mexico later this year and will sell gasoline and diesel fuels.

Traders Brace for First Winter Without U.K.'s Big Gas Store
Friday, May 19, 2017 In the past, a fully operational Rough provided a buffer against price swings.

Origin Energy Sells Australia Gas Pipeline Network For $291 MM
Friday, May 19, 2017 Origin Energy Ltd agrees to sell a gas pipeline network in Australia for A$392 million ($291 million), helping it beat its target proceeds for asset sales to cut debt.

Black Sea Diesel Plant Upgrade Delayed by a Year to 2019
Friday, May 19, 2017 Rosneft is building a new hydro-cracking unit at its refinery at the Black Sea port of Tuapse.

South Africa Open to Iranian Investment if New Refinery Goes Ahead
Friday, May 19, 2017 South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners on a new refinery project, energy ministry officials said on Friday.

South Korean Coal Plant Closures May Lift LNG Demand
Friday, May 19, 2017 South Korea has outlined plans to close 10 old coal-fired power plants next month.

Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts
Friday, May 19, 2017 Stalled crude storage tank drawdowns have shed light on the broader challenge facing OPEC.

Mexico Private Sector Eyes More NAFTA Content in Future Products
Friday, May 19, 2017 U.S. Trade Representative Lighthizer said in Washington that NAFTA had been successful for U.S. agriculture, investment services and the energy sector, but not manufacturing.

US Gasoline Demand Weak but Expected to Strengthen This Summer
Friday, May 19, 2017 Unless gasoline demand sharply increases, oil refiners may be in for another tough year.

ExxonMobil Secures Qatari Condensate for Singapore Unit - Sources
Thursday, May 18, 2017 ExxonMobil declined to comment. Qatar Petroleum did not respond to an e-mail seeking comment.

Guangzhou Gas Plans LNG Import Terminal, Eyes Partnership With Woodfibre
Thursday, May 18, 2017 Guangzhou Gas Group plans to build a 2 million tonne per year import terminal for liquefied natural gas (LNG) on China's southern coast by 2020.

Flotilla of U.S. Crude Heads to Asia as OPEC Weighs Extending Cuts
Thursday, May 18, 2017 Oil tankers carrying around 10 million barrels of U.S. crude are en route to Asia, according to shipping data and trade sources.

LNG Exporter Tellurian Pulls Share Sale on 'Adverse' Market
Thursday, May 18, 2017 Tellurian, co-founded by ousted Cheniere Chief Executive Officer Charif Souki, is developing the Driftwood LNG export terminal in Louisiana.

Alberta Regulator to Review Challenge to Kinder Morgan IPO
Thursday, May 18, 2017 The $1.28 billion share sale would help Kinder Morgan finance the expansion of its Trans Mountain pipeline.

Taiwan's Formosa Plastics Group Says Owners to Reduce Management Role
Thursday, May 18, 2017 The move will allow the owners of one of Taiwan's biggest conglomerates to reduce their role in the management.

Glencore Agrees JV Deal to Supply Mexican Fuel Stations
Thursday, May 18, 2017 The new franchise will provide fuel, branding and ancillary retail services to 1,400 fuel stations in Mexico, the company said.

U.S. Senate Tees Up 'Accountability Act' as Regulation Fight Intensifies
Thursday, May 18, 2017 The next step, debating the bill on the Senate floor, has not been scheduled.

U.S. Inventories of Oil, Gasoline Fall in Latest Week - EIA
Thursday, May 18, 2017 U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell, said EIA.

Uganda Selects Firms for Refinery Talks
Thursday, May 18, 2017 Uganda has been pursuing a tender for developing a $2.5 billion refinery to process part of the crude from its oil fields.

Oregon County Rejects Measure Blocking Natural Gas Terminal
Wednesday, May 17, 2017 A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal.

U.S. Industry Seeks Faster Permits, Simpler Rules in Trump Reg Reset
Wednesday, May 17, 2017 "Last time I remember this was 2001. That was the last big opportunity to make some changes," said David Friedman of American Fuel & Petrochemical Manufacturers.

Saudi Aramco Says to Set Up New Chemicals Unit
Wednesday, May 17, 2017 Downstream, covering refining and chemicals, is an important area for the company as it diversifies operations as it prepares for an initial public offering.

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