Industry News

Fossil fuels—petroleum, natural gas, and coal—accounted for 79% of the 97 quadrillion British thermal units (quads) of primary energy consumption in the United States during 2021.

Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according to five people familiar with the matter.

A fire that broke out at Equinor's Mongstad oil refinery on Norway's west coast early on Sunday was now extinguished, the company said, affecting the unit producing gasoline.

Chevron is selling its 100-acre Chevron Park office complex in San Ramon, California and plans to downsize while remaining headquartered in the city.

Neptune Energy, ExxonMobil, Rosewood Exploration, and EBN Capital agree to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.

Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity.

Mellitah Oil & Gas B.V., Libyan Branch, which manages several onshore and offshore fields and a network of onshore pipelines, has selected Antea’s AIM software with RBI and IDMS to ensure the mechanical integrity of its assets.

Over 2,600 hazardous gas pipeline leaks in the US caused more than $4 billion in damages and emergency services, killed 122 people, and released 26.6 billion cubic feet of fuel as methane or carbon dioxide, according to a report released on Thursday.

The Summit Planning Task Group has added a new presentation opportunity to showcase emerging and new technology relevant to mechanical integrity in any of the sectors covered within the program: Upstream, Midstream, or Downstream.

America's refining capacity fell below 18 million b/d at the beginning of 2022, hitting its lowest level since 2014, according to the U.S. Energy Information Administration's annual refinery capacity report released June 21.

Pinnacle has released its Economics of Reliability report for the refining industry, highlighting the importance of reliability as refiners face pressure to expand capacity to meet increased demand for petroleum products

Download Pinnacle's Economics of Reliability Report - Refining to see how reliability is affecting profitability.

Mexican President Andres Manuel Lopez Obrador says Pemex's new refinery along the coast of Tabasco will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.

Targa Resources Corp. has reached a definitive agreement to acquire Lucid Energy for $3.55 billion in cash, subject to customary closing conditions, including regulatory approvals.

The owners of THQ Appalachia I LLC are exploring a sale of the U.S. natural gas producer that could value it at more than $5 billion, including debt, people familiar with the matter said on Friday.

The new $800 million facility would produce renewable gasoline from wood waste biomass sourced from Louisiana and Mississippi timber operations.