Condensate News

 

Inpex Eyes Australia Expansion

Sep 13, 2019

Inpex Corp, Japan's top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said.'In Australia our focus is on fully utilizing our Ichthys LNG facilities while creating a solid base for future expansion,' Inpex's president director for Australia…

Oil Price Spike after Saudi Attack Temporary

Sep 16, 2019

The drone attack on the world’s largest oil processing facility, Abqaiq in the heart of Saudi Arabia’s oil industry, forced Saudi Aramco to shut in 5.7 million barrels per day (bpd) of crude production, which equates to 7% of the current global crude and condensate production…

QP Issues Tender for 4 Mega LNG Trains

Sep 15, 2019

The state owned oil and gas company Qatar Petroleum has issued Engineering, Procurement and Construction (EPC) tender for liquid products storage and loading facilities of the North Field Expansion (NFE) Project.The NFE Project involves the…

Hyundai Oilbank To Add New Crude Oil Processing Units By Late 2021

Sep 10, 2019

Hyundai Oilbank, South Korea’s smallest-capacity oil refiner, plans to build a new crude distillation unit (CDU) and a vacuum distillation unit (VDU) by late 2021. The company is planning to build a 200,000-bpd CDU and a 100,000-bpd VDU between the third and fourth quarter of 2021…

Green Light for Arctic LNG 2

Sep 06, 2019

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million…

CNOOC Earnings on the Rise

Aug 29, 2019

China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…

Flowserve Inks Deal for Prelude FLNG

Aug 12, 2019

Flowserve Corporation (FLS), a provider of flow control products and services for the global infrastructure markets, has entered into a five-year contract with Shell Australia to provide general maintenance services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility…

Trafigura Started Crude Shipments via U.S. Pipeline Cactus II

Aug 12, 2019

Global commodities trader Trafigura has started shipments of Permian basin crude to the Corpus Christi oil hub in Texas via the newly operational Cactus II pipeline system, the company said in a statement on Monday.Trafigura signed a long-term…

Oil Outlook Becomes Gloomier: Rystad

Aug 09, 2019

Rystad Energy said the oil market was going “from gloomy to gloomier”, calling into question the consultancy's own bullish view for the first part of 2020.Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team…

Dana Gas Finds New Oil in Kurdistan

Jul 29, 2019

Sharjah-based gas giant Dana Gas has announced that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company’s Khor Mor and Chemchemal Fields in the Kurdistan Region of Iraq have increased by 10 percent, following…

U.S. Oil Makes it to Ukraine, a blow to Moscow

Jul 12, 2019

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil…

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy…

Woodside Plans Maintenance at Karratha Gas Plant

Jul 08, 2019

Australia's Woodside Petroleum has planned maintenance at its Karratha gas plant, part of the North West Shelf liquefied natural gas (LNG) export project, in the third quarter of the year, according to a notice on the company website.The first…

OPEC Output to Remain Flat: Rystad

Jun 19, 2019

OPEC and its allies, including Russia, can maintain their current cuts and not reduce outputs any more because there will be a crude oil demand surge later this year from changing shipping fuel standards worldwide.The OPEC+ countries will not…

Shipping of First LNG Cargo from Prelude is "Imminent" - Royal Dutch Shell

Jun 04, 2019

Shipping of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is 'imminent', Royal Dutch Shell said on Tuesday.Prelude - the world's biggest floating LNG production unit and the…

Current News

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Petronas Q2 Profit Rises 8%

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Saudi Aramco Pursues IPO Planning Despite Attack

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Middle East Risks Keep Oil Prices High

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Transborders Joins Forces with Osaka Gas

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BP Awards Caspian ACG Contracts

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Senvion to Sell Assets to Siemens Gamesa

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