Industry News

ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of new petroleum projects to be launched in Norway this year.

Mitsui & Co., Ltd. one of the leading ammonia marketers in the world, and CF Industries Holdings, Inc., the world’s largest producer of ammonia, plan to jointly develop a greenfield ammonia production facility in the United States.

bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net zero.

U.S. refiner Marathon Petroleum on Tuesday posted a first-quarter profit above Wall Street estimates buoyed by strong refining margins, as demand for fuel and refined products recovered to near pre-pandemic levels amid tight supplies.

Chevron, Talos Energy, and Carbonvert recently announced a memorandum of understanding for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration hub in Texas.

MPLX is moving forward with the expansion of its Whistler Pipeline in the Permian Basin, increasing the mainline capacity from 2 Bcf/d to 2.5 Bcf/d through the planned installation of three new compressor stations.

Energy Transfer LP recently announced it has secured two long term Sale and Purchase Agreements for liquefied natural gas (LNG) from its Lake Charles LNG project.

PTTGSP, a major operator in Thailand for the separation of various hydrocarbon components of natural gas, has selected Antea’s AIM software in collaboration with Qualitech for the digital transformation and mechanical integrity of its facilities.

API and the Association of Oil Pipe Lines have released their annual 2021 Pipeline Safety Excellence Performance Report, which found that the safety of liquids pipelines increased across several key indicators.

A major Pemex oil refinery under construction in Mexico is running billions over budget and unlikely to come online this year as promised, despite being a presidential priority.

Abu Dhabi National Oil Company (ADNOC) recently announced it will be acquiring a 25% stake in Borealis AG, one of Europe’s leading petrochemical companies.

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LyondellBasell Industries interim Chief Executive Kenneth Lane said on Friday that operating the chemical producer's 263,776 barrel-per-day (bpd) Houston crude oil refinery past 2023 would require "significant" capital investment.

The CSB has released a new safety video on the explosion and fire that occurred on May 3, 2019 at the AB Specialty Silicones facility in Waukegan, IL. The incident killed 4 workers and caused extensive damage to nearby businesses.

Brazilian chemical maker Unigel is interested in purchasing a fertilizer project from Brazilian state-run oil company Petrobras in the state of Mato Grosso do Sul, its chief executive told Reuters on Friday.

API has released two revised liquid pipeline leak detection standards to improve operational integrity and advance operators’ mitigation capabilities.