Total SA will acquire 90.14% of the capital and voting rights of Saft Groupe SA, a designer and manufacturer of advanced-technology batteries for industry based in Bagnolet, France, under a public tender offer to be settled July 21. Source: News
Cameron LNG expansion project gets non-FTA export nod
Cameron LNG has received authorization from the US Department of Energy (DOE) to export an additional 1.41 bcfd from its proposed Louisiana liquefaction expansion project to countries that do not have a free trade agreement with the US. Following approval, Cameron LNG’s export capacity will be 24.92 million tons/year, or 3.53 bcfd. Source: News
18 Jul 2016 12:40:47 EDT – The latest stock information is now available for your stocks
XOM Last 94.645 Change –0.475 % Change 0.5% Volume 4,103,375 As of: 18 Jul 2016 12:40:47 EDT View: Stock Quote | News CVX Last 106.125 Change –0.905 % Change 0.85% Volume 1,692,638 As of: 18 Jul 2016 12:40:47 EDT View: Stock Quote | News COP Last 42.62 Change –0.32 % […]
Petro Rabigh partially restarts ethylene unit
Rabigh Refining & Petrochemical Co. (Petro Rabigh), a joint venture of Saudi Aramco and Sumitomo Chemical Co., has initiated restart of the 1.6 million-tonnes/year ethane cracker at its refinery and chemicals complex in the port city of Rabigh on the Red Sea following a preventative shutdown of the unit in late June. Source: News
Magellan Midstream to build Texas marine terminal
Magellan Midstream Partners LP plans to construct a high-capacity marine terminal along the Houston Ship Channel in Pasadena, Tex., to handle refined petroleum products, including various grades of gasoline and diesel fuel, and renewable fuels. Source: News
EIA: US oil companies closer to self-finance
As US oil companies’ spending falls and crude oil prices increase, their immediate financial situations are improving and the need for companies to find external sources of funding may decline. Source: News
LaFehr named president of Baytex Energy
Ed LaFehr has been named president of Baytex Energy Corp., Calgary, effective July 18. He will report to James Bowzer, chief executive officer. Source: News
Eni group lets contract for Zubair water injection installation
A group led by Eni SPA awarded a water-injection installation contract worth about $60 million in the ongoing redevelopment of supergiant Zubair oil field in southern Iraq. Drake & Scull International PJSC announced July 18 that it received an engineering, procurement, and construction contract. Source: News
Saudi shipping firm to be top VLCC operator
National Shipping Co. of Saudi Arabia (Bahri) says it will become the world’s largest operator of very large crude carriers (VLCCs) following acquisitions by a shipping fund it’s launching with Arab Petroleum Investments Corp. (APICORP). Source: News
Woodside lets subsea contract for Greater Enfield project
Perth-based Woodside Energy Ltd. has let a $300-million engineering, procurement, and construction contract to Schlumberger Ltd. offshoot OneSubsea for the Greater Enfield development project. Source: News