Tagged Refining

Eni and CNPC ink oil and gas cooperation deal

Rate this article By _Offshore_Energy_Today_ Chinese state-owned China National Petroleum Corporation (CNPC) and Italian oil giant Eni signed a cooperation agreement on Wednesday, September 13. According to a statement by the Italian oil company, the agreement covers cooperation in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities,…

CNPC and Eni sign LNG cooperation deal

Rate this article By LNG World News Image courtesy of EniChina National Petroleum Corporation (CNPC) and Italy’s Eni on Wednesday signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. The duo also agreed to cooperate in oil & gas exploration and production, trading and logistics opportunities, refining and petrochemicals….

Watson to relinquish Chevron CEO position

Rate this article By LNG World News Image courtesy of ChevronJohn Watson, the chief executive offices of Chevron is reportedly set to step down by the end of September, with vice chairman Mike Wirth the likely replacement. The appointment mimics the move done by ExxonMobil earlier in the year when Darren Woods has been appointed…

ExxonMobil profit doubles in second quarter

Rate this article By Offshore Energy Today.. U.S. oil giant ExxonMobil doubled its profit during this year’s second quarter as oil and gas realizations increased and refining margins improved. ExxonMobil on Friday posted earnings of $3.4 billion for the second quarter 2017, compared with $1.7 billion a year earlier. Revenues for the second quarter 2017…

AG&P launches United States unit to grow LNG business

Rate this article By LNG World News Atlantic, Gulf and Pacific Company launched AG&P Engineering in Houston, Texas as it aims to develop supply chain solutions and expand in the growing LNG industry. AG&P Engineering is launched to develop LNG infrastructure assets to serve the needs of power, bunkering, mining, transportation and industrial users in…

Eni, Rosneft strengthen cooperation

Rate this article By LNG World News Image courtesy of EniItalian energy giant and LNG player Eni signed a cooperation agreement with Russia’s Rosneft. Under the agreement, signed by Rosneft’s CEO Igor Sechin and Eni’s CEO Claudio Descalzi, the two companies intend to cooperate in Russia and abroad in the E&P, refining, trading, logistics and…

Shell’s energy and LNG trading units name new heads

Rate this article By LNG World News The Hague-based LNG giant Shell’s units, Shell Energy Europe and Shell LNG Marketing and Trading have named new leads for their businesses. Slavko Preočanin has been appointed to lead Shell LNG Marketing and Trading, the LNG trading and supply organization for Shell. Preočanin, based in Dubai, was the…

Shell’s Q1 profit surges, LNG sales up

Rate this article By LNG World News The Hague-based LNG giant Shell on Thursday reported a 136 percent surge in the profit for the first quarter, boosted by stronger oil and gas prices and improved refining margins. Shell’s first-quarter earnings on a current cost of supplies (CCS) basis and excluding exceptional items rose to $3.86…