Economics
US crude stocks fall unexpectedly in week: EIA
US crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, according to data from the Energy Information Administration.
South African fuel strike ends as union signs new pay offer
South Africa's petroleum sector employers and striking workers signed a new two-year wage deal on Wednesday, ending a three-week strike that caused limited supply disruptions.
Gunvor secures financing for Rotterdam refinery upgrade
Gunvor secured $200 M in financing for the development and infrastructural upgrade of its refinery in Rotterdam.
EIA: US crude oil exports are increasing and reaching more destinations
The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting US crude oil in December 2015.
Gas suppliers Praxair, Linde hold merger talks
US industrial gas supplier Praxair Inc. and German peer Linde AG are in early-stage talks about a merger to create a market leader with a value of more than $60 B.
PDVSA sees future in consolidation with China
People’s Minister of Petroleum and President of Petroleos de Venezuela SA, Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee growth.
Louisiana refineries not hit by floods, markets expect trouble
Flooding in Louisiana hasn’t affected refinery output in the state, but markets responded to the expectation of reduced production anyway.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Petrobras' profit declines on lower prices, charges
State-led oil company Petrobras reported Q2 profit fell by nearly a third from a year earlier, missing analysts' expectations as oil prices fell, it took charges for layoffs and the impairment of a refinery.
Japan's Idemitsu defends Showa Shell merger opposed by founding family
Idemitsu Kosan defended its planned merger with smaller rival oil refiner Showa Shell Sekiyu KK, in the face of opposition from the founding Idemitsu family.
- XRG acquires upstream stake in Vaca Muerta to support the Argentina LNG project 6/29
- Baker Hughes extends long-term service agreement with Nigeria LNG to support critical expansion project 6/29
- Technip Energies, Alterra and Neste launch Nerea, a standardized modular solution for plastic chemical recycling 6/29
- KBR technology selected for 100,000-tpy ethanol-to-jet SAF plant in Singapore 6/29
- Acelen to license Alfa Laval's HVO pre-treatment technology for Brazilian biorefinery 6/29
- Mitsubishi Gas Chemical and Gold Hydrogen sign MoU to assess green methanol production in Australia 6/29
