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Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
Tuesday March 19, 2024
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However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.
Results 50 articles shown
Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals.
7:00 AM EST | March 19, 2024
Imperial Pipeline in Winnipeg Goes Offline for Three Months
Imperial is arranging alternative forms of fuel transport while the provincial government asked other companies to step in to ensure supply.
5:38 AM EST | March 19, 2024
Gaz System to Acquire Gas Storage Poland
Poland's natural gas transmission system operator OGP Gaz System S.A. is acquiring 100 percent of the share capital of the operator of the natural gas storage system in the country from Orlen SA.
5:00 AM EST | March 19, 2024
Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.
4:16 AM EST | March 19, 2024
Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
'So that will probably take down exports by a couple of hundred thousand barrels'.
2:45 AM EST | March 19, 2024
KBR to Provide Project Management for New Angolan Refinery
The Lobito Refinery Project is one of the most significant energy infrastructure projects in the region.
10:00 AM EST | March 18, 2024
Shell Plans to Divest 1K Retail Sites in Shift to EV Charging
Shell plans to divest 500 retail sites annually over the next two years.
10:00 AM EST | March 18, 2024
TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia.
8:00 AM EST | March 18, 2024
Russia Hits Odesa After Ukraine Targets Oil Plant Near Moscow
Russia hit the Black Sea port of Odesa on Friday in a deadly missile attack, hours after Ukrainian drones targeted a small petrochemical plant near the Moscow region.
5:00 PM EST | March 15, 2024
Biden LNG Freeze Delaying Projects and Risking USA Market Share
The Biden administration's pause on new licenses for LNG exporters is already stalling progress for projects that were aiming to come online later this decade.
7:52 AM EST | March 15, 2024
Technip JV to Start EPC Activities at ADNOC's Ruwais LNG Project
TJN Ruwais JV has received a limited notice to proceed to begin early engineering, procurement and construction (EPC) activities at the Ruwais low-carbon LNG project.
6:00 AM EST | March 14, 2024
NNPC Seeks to Boost Oil Theft Crackdown with Help from Crime Agency
'No one would produce crude oil knowing fully well that it is not going to get to the terminal'.
4:13 AM EST | March 14, 2024
Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
Ukrainian drone attacks halted three oil refineries deep within Russian territory.
5:00 PM EST | March 13, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:32 AM EST | March 13, 2024
Petrofac Inks $200MM Contract with Turkmengas
The three-year contract is valued at over $200 million.
6:00 AM EST | March 13, 2024
USA Direct Air Capture Firm Scores Funding From Aramco, Others
Los Angeles-based direct air capture (DAC) company CarbonCapture Inc., has completed its $80 million Series A financing.
5:10 AM EST | March 13, 2024
Canada Regulator OKs 1st CNG Facility in Northwest Territories
The CER has approved the Inuvialuit Energy Security Project (IESP) Energy Centre project, which will convert natural gas into compressed natural gas, propane, and synthetic diesel.
8:33 AM EST | March 12, 2024
Vopak, Air Liquide Partner for Ammonia, Hydrogen in Singapore
The two companies will study and explore the joint development of low carbon ammonia supply chains in Singapore.
2:01 AM EST | March 12, 2024
EQT to Buy Mountain Valley Pipeline Owner for $5.5B
U.S. natural gas producer EQT Corp agreed to buy back former unit Equitrans Midstream Corp for about $5.5 billion in stock.
10:00 AM EST | March 11, 2024
AG&P Buys Stake in Vietnam LNG Terminal
The $500 million Cai Mep LNG terminal, which is being developed by Vietnam's Hai Linh Company Limited, has a capacity of 3 million metric tons per annum.
1:54 AM EST | March 11, 2024
Tokyo Gas Taps MOL Newbuild for Long-Term Charter
Mitsui signed a long-term charter contract with a unit of Tokyo Gas for a newbuild LNG carrier that will be delivered 2026.
7:00 AM EST | March 10, 2024
USA Crude Stocks Rise
Crude oil stocks in the U.S., not including the SPR, stood at 448.5 million barrels on March 1, the EIA revealed.
10:47 AM EST | March 08, 2024
US Is Europe's Top LNG Supplier for Third Straight Year: EIA
The U.S. exported 7.1 Bcfpd of LNG to Europe last year, accounting for nearly half the region's LNG imports.
6:45 AM EST | March 08, 2024
TotalEnergies Pens Oil Products Trade Deal with Bapco
TotalEnergies signed an agreement to support Bapco Energies in optimizing its Sitra refinery and in the trading of its petroleum products.
2:00 AM EST | March 07, 2024
3 Power Firms Invest $3.3B in Philippines' 1st Integrated LNG Facility
The project will augment the country's power supply with over 2,500 MW and connect its energy sector with the global natural gas supply chain.
11:24 PM EST | March 06, 2024
TC Energy Sells PNGTS to BlackRock for $1.14 Billion
TC Energy agreed to sell the Portland Natural Gas Transmission System to Blacrock for $1.14 billion.
12:30 PM EST | March 06, 2024
Indian Refiners Shy Away from Russian Oil amid Tighter US Sanctions
India's state-run oil refiners are shying away from contracted Russian crude supply as the once-booming trade becomes much harder under tighter enforcement of US sanctions.
1:30 AM EST | March 06, 2024
Shell Debuts Unmanned Vessel Pipeline Survey in Nigeria
'The efficiency of data acquisition coupled with improved data quality whilst reducing personnel exposure to zero is transforming how we execute surveys'.
1:30 AM EST | March 06, 2024
Spain Urges EU to Take Tougher Stance on Russian LNG Imports
Spain has asked the European Union to take a tougher stance on Russian liquefied natural gas imports.
4:00 PM EST | March 05, 2024
Russia Recovers From Ukraine Drone Strikes as Oil Refining Rises
Russian refineries' recovery from Ukrainian drone attacks helped the country's oil processing to pick up in the second half of February.
9:00 AM EST | March 05, 2024
New Fortress Launches 2 LNG Terminals in Brazil
NFE has put its Terminal Gas Sul in Santa Catarina and Barcarena LNG terminal in Pará into operation.
9:00 AM EST | March 05, 2024
Aramco Completes Acquisition of Chile Fuels Retailer
Aramco completed the purchase of Esmax, marking the Saudi energy giant's entry into the South American fuel retail market.
2:50 AM EST | March 05, 2024
ADNOC Completes Acquisition of 24.9 Percent Stake in OMV
ADNOC completed its purchase of the 24.9 percent shareholding of Mubadala in OMV.
2:45 AM EST | March 05, 2024
India Seeks to Have Rupee Accepted for Some Oil Purchases
The Reserve Bank of India has asked the country's major state-owned refiners to press Persian Gulf suppliers to accept at least 10 percent of oil payments in rupees in the next financial year.
2:39 AM EST | March 05, 2024
EU Sees Nearly 3.4 Tcf of Gas Offers under Revamped Joint Buying Platform
Offers from international natural gas suppliers exceeded volumes placed by buyers in the EU by nearly three times in the first tender for the new AggregateEU.
1:30 AM EST | March 04, 2024
Europe Awash With Gas Is Set to Rely More on Ukraine for Storage
'European storage is at risk of hitting tank tops before the beginning of the heating season'.
4:00 PM EST | March 01, 2024
TotalEnergies Inks Long-Term Deal to Supply LNG to Sembcorp
The deal entails the delivery of up to 0.8 million tons per annum (mtpa) of LNG for a duration of sixteen years, starting in 2027.
5:00 AM EST | March 01, 2024
SAF Tech Firm LanzaJet Bags $30MM Investment from Southwest Airlines
The two companies will also collaborate to advance the operations of SAFFiRE Renewables, focused on processing corn stover into ethanol.
7:00 AM EST | February 29, 2024
Aussie Airport Investor IFM Plans $651MM SAF Investment
IFM Investors plans to spend more than $651 million ramping up production of sustainable aviation fuel in Australia.
2:48 AM EST | February 29, 2024
Woodside Inks Long-Term LNG Supply Deal with Korea's KOGAS
The agreement is for the supply of approximately 0.5 million metric tons per annum of LNG for a period of 10.5 years on a delivered basis starting in 2026.
11:02 PM EST | February 28, 2024
Trans Mountain Pipeline in Canada Raises Project Costs by $2.3B
Costs for the expansion of the pipeline will be 10 percent more than the most recent estimate of CAD 30.9 billion.
2:51 AM EST | February 28, 2024
Saudi Chemical Behemoth Warns on Outlook After Surprise Loss
Saudi Arabia's top chemicals maker warned of 'considerable uncertainty' for the industry.
4:00 PM EST | February 27, 2024
Macquarie Strategists Forecast Rise in USA Crude Inventories
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending February 23.
7:04 AM EST | February 27, 2024
Vitol Inks 10-Year LNG Deal with EOG
Under the agreement, EOG will supply 180,000 million British thermal units per day (MMBtu/d) of natural gas.
2:00 AM EST | February 27, 2024
Qatar to Build New LNG Project as USA Stalls on Export Push
Qatar vies with the US and Australia as the biggest shipper of the fuel.
4:00 PM EST | February 26, 2024
Woodside to Sell Scarborough Stake to JERA for $1.4B, Eyes LNG Sales
Further, Woodside and JERA have entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years starting in 2026.
11:43 PM EST | February 25, 2024
US EPA Grants Fuel Policy Change Promoting Blend with Higher Ethanol
The EPA's final rule, demanded by eight Midwestern governors, is meant to encourage more filling stations in the region to sell E15 gasoline that contains 15 percent ethanol.
10:00 AM EST | February 23, 2024
Equinor Bags 15-Year LNG Order from Indian Fertilizer Producer
Equinor signed a deal to supply about 650,000 MMtpa of LNG to Deepak for 15 years starting 2026.
3:31 AM EST | February 23, 2024
Damaged Pipeline Threatens to Stall Colombia Plan to Import Gas
Colombian state oil producer Ecopetrol SA announced in November it was looking into importing gas from Venezuela at the end of this year.
4:00 PM EST | February 22, 2024
Distinct Factors Drive High Gasoline Prices in California: OPIS
A surge in retail gasoline prices in California in 2022 and 2023 does not mean volatility at the pump level has heightened in recent years but instead reflects longstanding factors that are 'unique' in the state.
7:48 AM EST | February 22, 2024