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U.S. Crude Exports Reach a Record of 3.16 mln bpd

Aug 02, 2019

U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S. Census Bureau showed on Friday.South Korea surpassed Canada to become the biggest purchaser of U…

KY Gasline Erupts in Flames, One Dead

Aug 01, 2019

A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday, killing one person and setting several houses on fire, a local sheriff said.The blast, in Moreland, a community about 40 miles (65 km) south of Lexington…

Oil slumps 7% as More Tariffs Loom

Aug 01, 2019

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…

Kinder Morgan: Bankrupt Refiner Owes $1.5 mln

Aug 01, 2019

Kinder Morgan Liquids Terminals LLC says Philadelphia Energy Solutions failed to make payments for fuel storage and other services totaling nearly $1.5 million since December, roughly seven months before the Pennsylvania refiner filed for bankruptcy…

Exxon Faces Local Lawsuit over Refinery Fire

Aug 01, 2019

Exxon Mobil Corp was hit with a lawsuit on Thursday over pollution from a fire at the company's Baytown Olefins Plant, according to an attorney for Harris County, Texas, which filed the suit.The fire was being investigated by federal and state agencies…

TC Energy: Order Blocking Keystone XL Pipeline Lifted

Aug 01, 2019

TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned an injunction that barred certain work on the project, the company said.The company, which also reported a better-than-expected quarterly profit on Thursday…

Chevron Cleared to Stay in Venezuela

Jul 26, 2019

The Trump administration said on Friday it has renewed Chevron Corp's license to drill for oil and gas in Venezuela despite sanctions, signaling it sees value in having the U.S. oil producer operate in a country on the verge of economic and political collapse…

Nigerians Pursue Shell Spill Case in the UK

Jul 24, 2019

The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday.The decision…

Tanzania State Oil Company Chief Reinstated

Jul 23, 2019

The former head of Tanzania's state company oil is being reinstated by Tanzanian President John Magufuli, after the executive was suspended in 2016 over claims of abuse of office, the presidency said.James Mataragio, who was the managing director…

TRIG Acquires French Wind Farms

Jul 19, 2019

UK-based investment fund  The Renewables Infrastructure Group (TRIG) has acquired stakes in four French onshore windfarms, with a total capacity of 107.8 MW. InfraRed’s listed renewables vehicle did not disclose financial details of acquisitions…

Vietnam: Chinese Vessel Violated its Sovereignty

Jul 19, 2019

Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have for years long been embroiled in a dispute over the potentially…

Eni CEO Sues Lawyer for Defamation

Jul 17, 2019

The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…

SPARK Joins OSC for $450mln Biz Incubator

Jul 15, 2019

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco…

EU Threatens Turkey with Sanctions over Cyprus Drilling

Jul 11, 2019

The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…

Maersk Firm to Buy Wind Turbine Supplier

Jul 10, 2019

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…

Current News

QP: North Field Works Going Full Steam Ahead.

QP: North Field Works Going Full Steam Ahead.

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India's April Crude Processing in Biggest Drop Since 2003

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Lockdown Measures Tightened at Kazakhstan's Karachaganak Gas Field

Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project

Mammoet Lands its ‘Biggest Ever’ Contract at Arctic LNG 2 Project

Malaysia: Tanjong Baram Field Contract Terminated

Malaysia: Tanjong Baram Field Contract Terminated

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

Petronas Braces for Severe 2020 Hit. 1Q Profit Down 68%

Petronas Braces for Severe 2020 Hit. 1Q Profit Down 68%

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