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Shell Announces Investment in Deep-Water Development

USA: Offshore Project

Shell Announces Investment in Deep-Water Development

04/25/2018 - Shell Offshore announced the final investment decision for Vito, a deep-water development in the US Gulf of Mexico. This decision sets in motion the construction and fabrication of a new, simplified host design and subsea infrastructure. read...

Saudi Aramco and Total Plan to Jointly Buy Saudi Fuel Stations

Saudi Arabia: Joint Strategy

Saudi Aramco and Total Plan to Jointly Buy Saudi Fuel Stations

04/25/2018 - Saudi Arabian Oil and Total are said to consider jointly buying businesses such as Tas’helat Marketing to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter. read...

Total and Google Join Forces to Develop AI Solution

Artificial Intelligence and Geoscience

Total and Google Join Forces to Develop AI Solution

04/25/2018 - Total and Google Cloud have signed an agreement to jointly develop artificial intelligence (AI) solutions applied to subsurface data analysis for oil and gas exploration and production. read...

Shell to Sell its Argentinian Downstream Business to Raízen

Argentina: Divestment Programme

Shell to Sell its Argentinian Downstream Business to Raízen

04/24/2018 - Shell has sold its Downstream business in Argentina to Raízen for $ 0.95 billion in cash. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and distribution activities in the country. read...

Air Liquide Commissions Three New Biomethane Production Units

France: Biomethane Production

Air Liquide Commissions Three New Biomethane Production Units

04/23/2018 - Since the beginning of 2018, Air Liquide has commissioned three new biomethane production units, in the United States, in France, and in the United Kingdom. With these units, the company has doubled its biomethane production capacity, which now stands at 60 MW, the equivalent of 500 GWh for a full year of production read...

Articles

4,000 BCM by 2022: IEA Sees Global Gas Demand on the Rise

Global: Gas

4,000 BCM by 2022: IEA Sees Global Gas Demand on the Rise

08/30/2017 - Global gas demand is expected to grow by 1.6% a year for the next five years, with consumption reaching almost 4,000 billion cubic meters (bcm) by 2022, up from 3,630 bcm in 2016. read...

NEWS

CB&I Has Been Awarded First Contract from China's Petrochemical Industry

China: Entering the Chinese Market

CB&I Has Been Awarded First Contract from China's Petrochemical Industry

CB&I has been awarded an ethylene technology contract by Lianyungang Petrochemical, a subsidiary of Zhejiang Satellite Petrochemical. The engineering contractor's scope of work includes a process design package, heater engineering and technology license for two ethylene plants with a capacity of 1,25 kta each at Lianyungang's petrochemical facility in Jiangsu Province, China read...

Petrobras Receives Bids for Natural Gas Pipeline Network

Brazil: Divestment Strategy

Petrobras Receives Bids for Natural Gas Pipeline Network

Petrobras has received three bids for a natural gas pipeline network as part of a wider push to raise cash through divestments, said people with knowledge of the matter. read...

Concho Resources to Take Over RSP Permian in All-Stock Transaction

USA: Oil and Gas Acquisition

Concho Resources to Take Over RSP Permian in All-Stock Transaction

The acquisition will add 92,000 net acres to Concho’s existing acreage in the Permian Basin. Also, the transaction has established one of the largest unconventional shale producers in the region. read...

BP and Reliance Join Hands for ‘Satellite cluster’ project in Block KG D6

India: Gas Production

BP and Reliance Join Hands for ‘Satellite cluster’ project in Block KG D6

The project is the second phase of the integrated KG D6 development. With an aim to bring new gas production for India, the companies are developing the Block’s discovered deep-water gas fields in a series of projects. read...

Oil Prices Rises Amidst Concerns About US-Russia Tensions

Commodity Prices

Oil Prices Rises Amidst Concerns About US-Russia Tensions

West Texas Intermediate (WTI) crude reached its highest level since December 2014, extending gains after the US Energy Information Administration’s weekly report showed an unexpected drawdown in oil inventories. read...

Vermilion Energy Set to Acquire Oil and Gas Firm Spartan Energy Corp.

Canada: Business Acquisition

Vermilion Energy Set to Acquire Oil and Gas Firm Spartan Energy Corp.

The acquisition will enable Vermilion Energy to increase its position in southeast Saskatchewan and is in line with the company’s sustainable growth-and-income model. read...

Oil Market Awaits Trump's Next Move on Iran

Iran/USA: Looming Sanctions

Oil Market Awaits Trump's Next Move on Iran

After global markets for equities, currencies and metals have all been whipsawed by the uncertainty over what President Donald Trump’s next geopolitical move would be, oil is next on the list. read...

Shell's Strategy for Energy Transition

The Netherlands: Lower-Carbon Energy

Shell's Strategy for Energy Transition

Shell has published a report, outlining its strategy for a transition to lower-carbon energy. The Shell Energy Transition Report describes its understanding of the transition and what it means for the company. read...

Praxair Commences Hydrogen Supply to Marathon Petroleum’s Refinery

USA: Industrial Gases

Praxair Commences Hydrogen Supply to Marathon Petroleum’s Refinery

Praxair’s Southeast Louisiana pipeline network is supplying hydrogen and is being used by Marathon Petroleum in an ultra-low-sulfur diesel project. read...

Total Prepares for Electric Transition

France: European Power Market

Total Prepares for Electric Transition

In a step to shift its power business toward cleaner energy, Total SA agreed to buy Paris-based utility Direct Energie, adding 2.6 million electricity and gas customers in France and Belgium. read...

Tellurian Strikes a New Path to Fund LNG Export Terminal

USA: Liquefied Natural Gas Exports

Tellurian Strikes a New Path to Fund LNG Export Terminal

Tellurian is seeking investors to pay a total of $ 12 billion up front to fund the proposed Driftwood LNG export terminal in Louisiana. In return, they get a stake in the project and the ability to buy fuel at cost moving forward, with no markup based on a changing marketplace. read...

Canadian Province's Battle Over Pipeline Could Disrupt Supply to North American West Coast

Canada: Trans Mountain Pipeline

Canadian Province's Battle Over Pipeline Could Disrupt Supply to North American West Coast

Legislation introduced on April 16 would allow oil-rich Alberta to curb the flow of crude and fuel if neighboring British Columbia doesn’t drop its opposition to Kinder Morgan’s Trans Mountain pipeline expansion. The existing pipeline supplies the Vancouver area with as much as 60 % of its refined products. read...

First LNG Shipment from US East Coast

USA: Liquefied Natural Gas

First LNG Shipment from US East Coast

Dominion Energy’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas Monday April 16, officially bringing the total number of US exporters of the super-chilled fuel to two. read...