Gas Processing/LNG
Shell's $6-B profit smashes forecasts as LNG offsets weak refining
Shell reported on Thursday 3Q profits of $6 B that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.
Refiner Phillips 66 reports 3Q profit beat on midstream, chemicals strength
Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand.
BCCK and Carbon Clean sign agreement to deliver carbon capture solutions across U.S.
BCCK and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to customers across the U.S.
Technip Energies and KBR selected for a major LNG project by Lake Charles LNG
Lake Charles LNG has awarded a JV between Technip Energies and KBR an engineering, procurement, fabrication and construction contract for its 16.45-MMtpy LNG export terminal in Louisiana (U.S.).
U.S. Gulf Coast LNG export plants, refineries, production facilities brace for Francine
Tropical Storm Francine was intensifying and on track to become a hurricane on Tuesday, the U.S. National Hurricane Center said, prompting Louisiana residents to flee inland and oil and gas companies to shut-in Gulf of Mexico production.
Key China energy indicators to track for the rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global oil demand growth this week, highlighting the vital role that the world's second largest economy plays in energy markets.
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
China's LNG imports set to slow
China appears to have taken advantage of low prices in the spot market so far in 2024 to boost the amount of gas in storage, absorbing some of the extra fuel that would otherwise have been sent to Europe.
Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
The national oil refining company of Kuwait has two state-of-the-art refineries: Mina Abdullah (MAB) and Mina Al-Ahmadi (MAA).
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
