Tagged Refining

Hurricane Laura biggest threat to U.S. oil since Katrina

By Bojan Lepic The U.S. energy industry is preparing to be hit by Hurricane Laura which could cut crude production at a rate approaching the level of 2005’s Hurricane Katrina and stop oil refining at plants along… … Read Full Article Here For more great articles: Offshore Energy Today

Shell flags $15-$22 billion Q2 impairments

By Adnan Bajic The Hague-based giant Shell issued an update on its second-quarter outlook, flagging impairments in the range of $15 to $22 billion. Courtesy of Shell Shell’s Integrated Gas business expects $8 – $9 billion impairment charges in the quarter, primarily in Australia including a partial impairment of the QGC and Prelude asset values….

Shell cuts dividend as profit tumbles on low oil prices

By Nermina Kulovic Oil major Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price. Shell CEO Ben van Beurden; Source: Shell Shell said on Thursday that its CCS earnings attributable to shareholders excluding identified items were…

Gasum’s Coralius wraps up first STS LNG bunkering in Rotterdam

By LNG World News Gasum’s liquefied natural gas (LNG) bunker vessel, Coralius, made its first bunkering in the port and refining area of Rotterdam, supplying LNG to Bit Viking. The vessel that mainly operates in the North Sea and the Skagerrak area completed its 100th bunkering operation during the end of February. Speaking of the…

Iranian LNG export project gathers momentum

By LNG World News National Iranian Oil Company said it has signed a deal with the Oslo-based IFLNG for the production of liquefied natural gas (LNG) in Iran. According to the deal signed between NIOC and IFLNG, a joint venture set up by Hemla Vantage and Kharg Gas Refining Company, the two companies intend on…