Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Tuesday October 16, 2018 - Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.
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First Ichthys LNG Cargo Said Possible This Week
Tuesday, October 16, 2018 The Ichthys LNG export project in northern Australia may load its 1st natural gas cargo as soon as this week, according to sources.
Shell, Equinor Commit to Tanzania LNG as They Await Host Accord
Tuesday, October 16, 2018 Shell and Equinor say they're committed to a project that will allow the export of natural gas from Tanzania.
Gibson Jumps as Canadian Crude Woes Seen Boosting Tank Provider
Tuesday, October 16, 2018 Gibson Energy Inc. surged the most in more than a year after announcing a plan to build 1 million barrels of new oil-tank space in Western Canada.
Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Tuesday, October 16, 2018 Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.
Abu Dhabi Scraps Cepsa IPO
Monday, October 15, 2018 Abu Dhabi shelves plans for an initial public offering of a 25% stake in Spanish oil refiner Cepsa.
Engie and Caisse Said to Plan $9B Pipeline Bid
Monday, October 15, 2018 Engie SA and a Canadian pension fund plan to offer as much as $9 billion for Petrobras' natural gas pipeline network, according to people with knowledge of the matter.
LNG Project in South Texas Advances
Monday, October 15, 2018 NextDecade has secured a draft EIS from FERC for its Rio Grande LNG project.
Technip Wins Contract for Louisiana LNG Proposal
Monday, October 15, 2018 Commonwealth LNG has signed an engineering services contract with TechnipFMC.
Oil Pipeline Fire in Nigeria Kills 60
Monday, October 15, 2018 A Nigerian oil pipeline fire last week has claimed dozens of lives, according to news reports.
Return to Normal for Irving After Refinery Incident
Friday, October 12, 2018 Irving Oil is beginning to return to 'normal and safe operations' following a major incident at its Saint John refinery in Canada.
India Targets Oil Traders for $1.5B Emergency Oil Reserve
Friday, October 12, 2018 India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves.
Gas Deliveries Resuming as Cold Descends on British Columbia
Friday, October 12, 2018 High-rise apartment buildings, factories and other industrial customers in western Canada are receiving natural gas again, three days after an Enbridge pipeline explosion deliveries.
Trump Rerouting World's Oil Tankers
Thursday, October 11, 2018 US President Donald Trump is redirecting global oil flows.
Gas Flows Resume After Canada Pipe Rupture Hits Oil Refiners
Thursday, October 11, 2018 Natural gas has begun flowing again on a pipeline in British Columbia after a rupture on an adjacent line forced oil refineries in Washington to cut output.
China Swoops in on Canadian Oil That's $50 Below US Crude
Thursday, October 11, 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific.
Shell Hits Milestone at Pennsylvania Site
Wednesday, October 10, 2018 An April 2018 aerial view of Shell's Pennsylvania Petrochemicals Complex construction site in Beaver County, Pa.
As Canadian Oil Hits New Lows, a Look at Possible Solutions
Wednesday, October 10, 2018 Even before the discount on Canadian crude began a brutal streak of new lows in recent days, a variety of efforts were under way to help alleviate Alberta's persistent crude-shipping bottlenecks.
Gasoline Prices Surge in Northwest After Canada Gas-Pipe Rupture
Wednesday, October 10, 2018 A natural gas pipeline rupture in British Columbia is forcing refineries in Washington to cut output.
Major Incident at St John Refinery in Canada
Tuesday, October 09, 2018 Irving Oil has announced that a 'major incident' has occurred at its Saint John refinery in Canada.
Shell Said to Drop Plan to Buy Stake in Kazakh State Oil Company
Tuesday, October 09, 2018 Shell drops plans to purchase a stake in KazMunayGas National Co. after a due diligence process, according to sources.
Alberta Eyes Help for Energy Industry in Canadian Crude Rout
Tuesday, October 09, 2018 Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources.
Aramco and Total Progress $9B Petrochem Project
Monday, October 08, 2018 Saudi Aramco and Total sign a joint development agreement for the front-end engineering and design of a giant petrochemical complex in Jubail, Saudi Arabia.
Egypt to Receive First Israeli Gas as Early as March
Monday, October 08, 2018 Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March.
Oil Tanker Rates Surge as Iran Rivals Look to Be Boosting Supply
Monday, October 08, 2018 The oil tanker market is surging amid signs that impending US sanctions against Iran are prompting rival producers in the Middle East to ramp up shipments.
China Slams Brakes on US Crude Oil Imports
Monday, October 08, 2018 Even though Beijing hasn't sanctioned American oil imports yet, Chinese buyers aren't taking any chances.
Petrochemicals Becoming Largest Oil Demand Drivers
Friday, October 05, 2018 Petrochemicals are becoming the largest drivers of global oil demand, according to a major study by the International Energy Agency.
Canadian Crude Hits Record Low
Friday, October 05, 2018 Canadian crude plunged to a record low relative to US crude.
Offshore Guyana Pipe Coating Contracts Go to Shawcor
Friday, October 05, 2018 Shawcor to provide thermal insulation and anticorrosion pipe coating services.
LNG Canada Raises Bar for Gulf Coast Projects
Thursday, October 04, 2018 It could become harder to justify US Gulf Coast greenfield LNG proposals.
Oil CEOs Jostle for Global Natgas Crown Under Putin's Gaze
Thursday, October 04, 2018 Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.
Noble Midstream, Salt Creek to Build Pipeline System in Delaware Basin
Thursday, October 04, 2018 The two companies enter into a joint venture to build a pipeline system in West Texas.
LNG Canada Project Seen as First of Many
Wednesday, October 03, 2018 The Canadian energy industry is already hoping that the LNG Canada project will be the first of many such plants on the country's Pacific Coast.
Saudi Petrochemical Producers Sign $2.2B Merger Agreement
Wednesday, October 03, 2018 Saudi International Petrochemical Co. signs a non-binding agreement to acquire Sahara Petrochemical Co.
Shell LNG, Trade Deal No Help to Stalled Trans Mountain Pipeline
Wednesday, October 03, 2018 Shell's commitment to invest in the largest private-sector project in Canada's history and a new trade deal with the US and Mexico show the country is open for business again.
Iran's Oil Buyer and Rival, UAE May Be Cracking Down on Trade
Wednesday, October 03, 2018 The United Arab Emirates appears to be taking steps to comply with looming US sanctions against the Islamic Republic's energy industry.
Troubled $4.6B Pipe Hits New Snag on Surprise Ruling
Wednesday, October 03, 2018 A $4.6 billion shale gas pipeline that's already been delayed by about a year is facing yet another setback after a court unexpectedly vacated a key permit.
Mini-Refineries Race Billionaire to Fix Nigerian Fuel Crisis
Tuesday, October 02, 2018 In the race to solve a fuel-import crisis in Nigeria, Africa's richest person faces competition from a swarm of tiny challengers.
INEOS Names Suppliers for New Europe Facility
Tuesday, October 02, 2018 Company plans to reveal site of 2.7 billion-euro investment later this year.
$14B LNG Canada Contract Goes to Fluor and JGC
Tuesday, October 02, 2018 An aerial view of the LNG Canada site in Kitimat, British Columbia, Canada. SOURCE: Business Wire.
China Boosts West African Oil Imports to Offset Trade War Impact
Tuesday, October 02, 2018 China is set to boost its crude imports from West Africa to the highest in at least seven years this month.
New Nafta Drops Relic of Energy Crises Past Assuring Oil Exports
Tuesday, October 02, 2018 With the US gushing oil at record levels, America apparently no longer needs to preserve Canada as its emergency crude supplier.
Nigeria Presidency Candidate Says Would Privatize Oil Industry
Monday, October 01, 2018 Nigerian presidential aspirant Atiku Abubakar says he will privatize the oil industry of Africa's biggest crude producer if he becomes its next leader.
The Buy Canada Trade Is on With Trade Deal Done, LNG on Way
Monday, October 01, 2018 Recent news is giving Canada's stock market and currency the best outlook they've had in months.
Thailand Olefins Project Goes to McDermott
Monday, October 01, 2018 MOC has awarded McDermott a technology contract for a petrochemical plant in Thailand's Rayong province.
Shell, Partners Approve $31 Billion Project to Speed Gas to Asia
Monday, October 01, 2018 Shell and its four partners have agreed to invest in a multibillion-dollar liquefied natural gas project in western Canada.
Shell's LNG Canada Sprints Ahead
Friday, September 28, 2018 The multi-billion dollar development moves one step closer to a final approval.
How Much Oil Can Saudis Really Pump? We're Set to Find Out
Friday, September 28, 2018 Does Saudi Arabia have the extra oil?
Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports
Friday, September 28, 2018 New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela.
ExxonMobil Cranks Up New Unit in Beaumont
Thursday, September 27, 2018 ExxonMobil adds fuels production in Beaumont.
The Next Cycle of LNG Investments Is Set to Start in Canada
Thursday, September 27, 2018 The next LNG investment cycle may be primed for a liftoff.