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Shell's Gas Production Could Dwarf Oil By 2050 -CEO

Mar 07, 2018

Royal Dutch Shell could boost the share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday.Speaking at the CERAWeek conference by IHS Markit in Houston…

First LNG from Cheniere US to GAIL India

Mar 06, 2018

Cheniere Energy and GAIL (India) today marked the commencement of their 20-year Sale and Purchase Agreement (SPA) to supply U.S.-sourced liquefied natural gas to India from Cheniere’s Sabine Pass liquefaction facility in Louisiana, with one of GAIL’s first shipments departing from the facility…

Russia Must Speed Up European Gas Pipeline Projects - Novak

Mar 06, 2018

Russian Energy Minister Alexander Novak said on Tuesday that Russia should speed up work on agreeing gas export pipeline projects in Europe due to tensions with Ukraine over transit gas.'In my opinion, we should speed up (the realisation of projects) to mitigate the risks we're having today…

PDVSA Refineries to Run at 43 pct Capacity in March

Feb 28, 2018

Venezuelan PDVSA's refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday. The company's domestic refining network…

LNG Market to Suffer From Oversupply Until 2021 - Vitol

Feb 21, 2018

Global prices of liquefied natural gas (LNG) will face pressure from oversupply over the next two to three years, particularly in warmer months, top energy trader Vitol said on Wednesday.New LNG production in countries such as the United…

Russia's Baltic Urals Exports Seen Rising in March

Feb 21, 2018

Russia's Urals crude exports from the ports of Ust-Luga and Primorsk are seen at 5.6 million tonnes in March compared to 5.0 million tonnes in the February plan, a preliminary loading schedule released on Wednesday showedExports of Urals…

TransCanada Seeks Okay for LA Cameron Access

Feb 16, 2018

TransCanada Corp's Columbia Gulf Transmission unit on Friday filed with U.S. federal energy regulators to commence service on its Cameron Access natural gas project in Louisiana on March 1. The $300 million Cameron Access projects includes…

Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees

Feb 16, 2018

The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart.Poland, Ukraine and Baltic states fear…

LyondellBasell's Plastics Business to Double with Schulman Deal

Feb 15, 2018

Petrochemicals company LyondellBasell Industries NV will buy plastic composites maker A. Schulman Inc for $1.24 billion, doubling the size of its plastics business. LyondellBasell will pay $42 per share, an 8.7 percent premium to Schulman's Wednesday close…

Colonial Allocates Cycle 12 Shipments on Distillate Line 20

Feb 15, 2018

Colonial Pipeline Co is allocating space for Cycle 12 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Thursday. Committed information will be available on Friday…

US Oil Stocks Rise, Refining Rates Cut - EIA

Feb 14, 2018

U.S. crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 1.8 million barrels in the week to Feb…

Vallourec Drilling Products Cuts Roughly 150 Jobs in Texas

Feb 13, 2018

Vallourec Drilling Products, a subsidiary of Paris, France-based steel pipe maker Vallourec , will lay off roughly 150 employees in Texas, according to a regulatory filing.Vallourec specializes in making tubular products for the energy and other industrial sectors…

Colonial Allocates Cycle 12 Shipments on Main Distillate Line 2

Feb 13, 2018

Colonial Pipeline is allocating Cycle 12 shipments on Line 2, its main distillate line, the company said in a notice sent to shippers on Tuesday. Committed information on the line will be available on Thursday, the company said. Line 2 runs from Houston to Greensboro…

Sonatrach Eyes More Vessels to Boost Asia Gas Sales

Feb 12, 2018

Algeria will acquire more vessels to transport gas to Asia as it eyes increased sales in that region, the chief executive of state energy firm Sonatrach said on Monday.'With Russia and the U.S., gas competition is tough,' Abdelmoumen Ould…

Brightoil Petroleum Employees Charged for Fuel Theft

Feb 08, 2018

Two employees of Brightoil Petroleum (Singapore) Pte Ltd were charged in court in the city-state this week for their alleged involvement in the theft of marine fuel on board a company barge, a company executive said in a statement on Thursday…

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Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan
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