Economics
US Federal appeals court hears arguments over Dakota Access pipeline
Three federal appeals judges in Washington, DC, heard arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where the Standing Rock Sioux and other tribes say the project will desecrate sacred land.
New China refinery faces delay as Myanmar seeks extra oil tax
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation.
Royal Dutch Shell signs MOU with Iran's National Petrochemical
Royal Dutch Shell signed a preliminary memorandum of understanding with Iran’s National Petrochemical Co. for cooperation in the petrochemical industry.
Norway LNG workers agree to wage deal, avoid strike
Workers and employers at three plants serving Norway's energy industry agreed a wage deal early on Friday, avoiding a strike that could have cut gas supplies to Britain.
BP to set up fuel stations in India, challenge state refiners
Global oil major BP plans to open up to 3,500 fuel stations in India, becoming the second overseas firm drawn to rising demand for gasoil and gasoline in the world's fastest growing major economy.
LNG prices enjoying seasonal gains, but may be short-lived
While the LNG market is heading for structural oversupply next year, and for several years thereafter, there are several short-term factors that have been supporting prices, and should continue to do so for a little while.
Braskem ex-CEO eyes plea bargain in Brazil corruption probe
A former chief executive of Braskem SA is working with investigators in Brazil to establish the petrochemical company's responsibility in a political graft scandal involving its shareholders.
Credit Suisse says US refinery margins rise in three of five regions
Refining margins rose in three of the five US regional petroleum districts in the week ended September 30, according to Credit Suisse.
Norway strike could affect LNG plant, refinery
If wage talks fail, Statoil’s Melkoeya LNG plant and Shell’s Nyhamna gas plant could shut, while ExxonMobil’s Slagen refinery’s maintenance could be prolonged.
Rosneft, Pertamina to form JV for refining, petrochemicals
Rosneft and Pertamina will create a JV company to implement the construction of the Tuban refining and petrochemical complex located in the eastern part of Java, Indonesia.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
