Africa
Mozambique expects Eni decision on LNG investment this year
Italy's Eni should make a final investment decision on its first offshore deep-water LNG project in Mozambique by the end of this year.
Fluor awarded Sasol oxygen train project in Secunda, South Africa
Fluor Corporation has been awarded a contract by Sasol Group Technology, a division of Sasol South Africa Ltd., for EPC of the Additional Oxygen Capacity Train 17 outside battery limits project at its Secunda plant in South Africa.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Uganda says refinery talks terminated, in talks with new potential investors
Talks to build an oil refinery in Uganda with a consortium led by Korea's SK Engineering have collapsed, but the East African nation still hopes to find a lead investor for the project by year end.
Total, Glencore and Gunvor bidding for Chevron's South African assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery.
Ivory Coast says to organize debt relief for state oil refinery
Ivory Coast will organize debt relief for the state oil refinery using public and private funds.
Glencore hopes for Moroccan refinery restart to recoup money
Glencore, one of the main creditors of Morocco's sole refinery, still has hopes the idled plant will restart so lenders can gradually recoup their money, despite repeated failures to get it up and running.
Ivory Coast signs agreement to establish Total-led LNG consortium
Ivory Coast signed a partnership pact to create a consortium headed by France's Total to build a LNG import terminal that could begin receiving gas shipments by mid-2018.
BP and Area 4 partners sign LNG SPA for Mozambique
BP and the Area 4 concession partners entered into a sales and purchase agreement for BP to purchase 100% of the LNG produced by the Coral South FLNG facility.
Global Project Data
New project announcements have hovered in the low teens for several months.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
