Beware of Egypt's smokestack reshoring as Cement Exports Soar: Maguire
North Africa's second largest natural gas producer and its largest economy have increased the production and exports of several energy-intensive commodities in an effort to boost the growth of their industrial sector. Egypt's exports of chemicals, fertilizers, and cement doubled from 2022 to 2024. They have also grown by 350% in the last year thanks to government initiatives aimed at promoting rapid industrial growth.
Beware of Egypt's smokestack reshoring as Cement Exports Soar: Maguire
North Africa's second largest natural gas producer and its largest economy have increased the production and exports of several energy-intensive commodities in an effort to boost the growth of their industrial sector. Egypt's exports of chemicals, fertilizers, and cement doubled from 2022 to 2024. They have also grown by 350% in the last year thanks to government initiatives aimed at promoting rapid industrial growth.
Gazprom subsidiary claims $880 million against Linde
Court documents revealed on Wednesday that a subsidiary of Russia’s gas giant Gazprom filed a claim against Linde, claiming 879 million dollars. The Amur Gas Processing Plant, a subsidiary of Gazprom, filed the complaint on October 29 at the Arbitration Court in Amur Region in Russia's East. Linde has left Russia, and the Power of Siberia Pipeline plant that facilitates Russian gas to China exports, after the Russian invasion of Ukraine, in February 2022.
Williams Inks Deal for Whale Deepwater Transport Services
Williams (NYSE: WMB) reached an agreement with Shell Offshore Inc. and Chevron U.S.A. Inc. to provide offshore natural gas gathering and crude oil transportation services as well as onshore natural gas processing services for the Whale development located approximately 10 miles from the Shell-operated Perdido host facility.Williams plans to expand its existing Gulf of Mexico…
Blount Named CEO at BCCK
Midland, Texas-based engineering, procurement and construction (EPC) firm BCCK, Inc. said its founder, Clark Butts and its Board of Directors have unanimously chosen Kevin Blount as the organization's next Chief Executive Officer.Blount, who currently serves as BCCK’s Chief Operating Officer, will succeed Butts, the company's founder and current CEO, who after leading the…
Sinopec Resumes Production at Sichuan Gas Processing Unit
China's Sinopec Corp last month resumed production at a key natural gas processing plant in southwestern Sichuan province after a planned maintenance, the parent company of the state oil and gas group said on Tuesday.By August-end, Sinopec had completed maintenance at a desulphurising facility at Puguang gas field - the firm's largest gas-producing asset in China - ahead of the heating season…
GoM Offshore Platforms Evacuated Ahead of Hurricane
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and Exxon Mobil Corp were evacuating personnel from oil and gas platforms in the Gulf as forecasters predicted the storm would become a Category 3 hurricane.Companies turned off the daily production flow of 324…
Subtropical Storm Alberto's Landfall Expected Early Next Week
U.S. Gulf of Mexico producers and refiners are monitoring Subtropical storm Alberto, which is expected to make landfall between east Louisiana and the Florida panhandle early next week, the companies said on Friday. The National Weather Service on Friday predicted the storm would bring heavy rain to the central Gulf Coast region and the southeastern United States later this weekend and continue into early next week.
Exxon Assessing Earthquake Damage to New Guinea NatGas Plant
LNG export project knocked out by major quake in late Feb. A senior Exxon Mobil Corp executive said on Wednesday the company is still assessing damage to its natural gas processing plant in the mountains of Papua New Guinea, knocked out by a strong earthquake last month. A powerful 7.5 magnitude quake struck near Exxon's Hides facility on Feb. 25, killing dozens of people and halting production at the site.
Enterprise Shuts Shoup Gas Plant in Corpus Christi Due to Harvey
Midstream oil and gas firm Enterprise Products Partners has shut down its Shoup natural gas processing and fractionation plant in South Texas due to Hurricane Harvey, the company said on Friday. The facility, 10 miles west of Corpus Christi, was recently expanded to handle increasing natural gas production from the Eagle Ford shale play. Reporting by Marianna Parraga
Oil Traders Brace for US Gulf Coast Storm
Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. Gulf of Mexico, threatened to hit refining and production centers with wind and rain later this week. Cindy was located about 265 miles (430 km) south of Morgan City, Louisiana with maximum sustained winds of 45 miles (75 km) per hour. It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night…
WPX forms JV to Develop Permian Assets
U.S. oil and gas producer WPX Energy Inc said it had agreed to form a joint venture with privately held Howard Energy Partners to develop oil gathering and natural gas processing infrastructure in the Permian basin. The joint venture will complete the construction of a pipeline, already started by WPX, and develop a new natural gas processing plant, the company said. The pipeline is designed to move about 125…
German Industrial Plant Building Orders dip to 2004 Levels
German manufacturers of large industrial plants reported a 12-year low in new orders for 2016 as the weak oil price held back demand in the Middle East while Germany's move to renewable energy wiped out demand for conventional electricity generation. Orders booked by the Germany-based companies - which include Linde, Siemens and Thyssenkrupp - fell 3 percent to 18.9 billion euros ($20.6 billion)…
BCCK Holding, SCF Partners join forces
BCCK Holding Company (BCCK) and SCF Partners (SCF) have entered into a strategic partnership whereby SCF will be providing growth capital for expansion opportunities for BCCK. Clark Butts, founder of BCCK, will continue as chief executive officer and as an owner of the business;and Greg Hall, executive vice president; Ben K. Friedman, chief financial officer; Matt Gillis…
Canada's AltaGas to Jointly Build Natgas Processing Plant
Energy infrastructure company AltaGas Ltd said it would jointly build a natural gas processing plant and a natural gas liquids separation train with a privately held producer in the Montney shale play in western Canada. AltaGas said on Monday that while the deep-cut processing facility will be jointly owned, the NGL separation train and a rail terminal will be fully owned by AltaGas.
Woodfibre LNG to Build Canada Project in 2017
Woodfibre LNG will start building British Columbia's first liquefied natural gas processing and export terminal in 2017, after its parent company authorized the funds necessary for the project to proceed, Woodfibre said on Friday. The facility near Squamish, British Columbia, will export 2.1 million tonnes a year once it is operational in 2020. (Reporting by Nia Williams; Editing by Leslie Adler)
Norway Oil & Gas Workers May Strike
Workers at three onshore plants serving Norway's oil and gas industry will strike from Oct. 7 unless they get a new wage deal, the SAFE labour union said on Monday, potentially threatening Britain's natural gas supplies. Some 338 workers at Statoil's Melkoeya LNG plant, Shell's Nyhamna natural gas processing plant and ExxonMobil's Slagen refinery terminal would go on strike if talks on a new pay deal break down, the union said.
Indian Oil Giant May Scrap LNG Vessel Tender
GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the Make in India programme, reports the Economic Times. The oil marketing giant had issued a…
Enterprise to Export First Ethane Cargo from Houston Terminal in August
Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1, the first such export of the light natural gas liquid from the U.S. Gulf Coast. Exports from the terminal are expected to ramp up to 1.9 million barrels per month by the end of the year, executives said on Thursday during the company's second quarter earnings call.
Seven Generations to Buy Some Deep Basin Assets from Paramount
Canadian natural gas developer Seven Generations Energy Ltd said it would buy some of Paramount Resources Ltd's Deep Basin oil and gas properties in west Central Alberta for about C$1.9 billion ($1.47 billion), including debt. Paramount said it would receive C$475 million in cash and 33.5 million class A common shares of Seven Generations. Seven Generations will also assume Paramount's senior unsecured notes worth about C$584 million due 2023.
