The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade. Read more


Two oil tankers were attacked on Thursday and left adrift in the Gulf of Oman, driving up oil prices and stoking fears of a new confrontation between Iran and the United States, which blamed Tehran for the incident. Read more

Emergency Response

The main U.S. refining industry association said on Monday it sued to block the Trump administration’s effort to expand sales of higher ethanol blends of gasoline, arguing the move exceeded the administration’s authority. Read more


Fos-sur-Mer refinery has a capacity of 140,000 barrels per day. Read more

Refining & Petrochemical Processing

Saudi Energy Minister Khalid al-Falih told a conference in Russia that the Organization of the Petroleum Exporting Countries (OPEC) and its allies should extend oil production cuts. Read more


New Jersey regulators rejected key permits from Williams Cos Inc on building the Northeast Supply Enhancement natural gas pipeline from Pennsylvania to New York. Read more

Natural Gas/LNG

A Minnesota court has ruled that Enbridge Inc’s final environmental impact statement for its Line 3 oil pipeline replacement project is inadequate, an Enbridge spokesman said on Monday. Read more


Sabine Pass.jpg

Courtesy of Cheniere Energy

Cheniere Energy Inc. said it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana. Read more

Refining & Petrochemical Processing

Oil prices fell on Thursday on fears of a global economic slowdown due to a U.S.-China trade war but losses were capped by a tightening crude market and rising political tensions in the Middle East. Read more


Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labor union said on Wednesday. Read more

Plant Management & Operations

Oil prices fell in volatile trade on Wednesday, weighed down by equity markets as China signaled readiness to escalate the trade war with the United States, stoking concerns that an ongoing stand-off could hurt demand. Read more


The government of Aruba said on Monday it will form an advisory committee to decide the future of a 209,000-barrel-per-day refinery that remains idled amid sanctions on operator Citgo Petroleum’s parent company. Read more

Refining & Petrochemical Processing

Oil rose towards $69 a barrel on Friday after two sessions of losses but remained on track for its biggest weekly drop of the year. Read more


Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. Read more


Oil futures inched up on Wednesday as the prospect of mounting tensions in the Middle East hitting global supplies overshadowed an unexpected build in U.S. crude inventories. Read more


Bankruptcy Chapter 11


Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses. Read more


The DEQ said it denied Pembina's request due to the expected effects of construction and operation of the proposed pipeline on water temperature and sediment in streams. Read more

Natural Gas/LNG

Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region. Read more

Health, Safety & Environmental

Occidental Petroleum Corp. increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp. on Sunday, removing a requirement for any deal to receive the approval of Occidental’s shareholders. Read more


Oil prices were on track Friday for weekly declines as surging U.S. output countered production losses in sanctions-hit Iran and Venezuela. Read more


Double Eagle Energy Permian LLC is now worth nearly $3 billion. Read more

Industry Segments

  • Irving Oil

    REUTERS/Michael Hawkins

    Irving Oil

    Flames are visible at the scene of a major explosion and fire at the Irving oil refinery in Saint John, New Brunswick October 8, 2018.

Subscribe to our mailing list

* indicates required
BIC Magazine Enewsletters