Europe
Oil steady as rising US output offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices steadied on Tuesday as rising US drilling activity helped undermine efforts by OPEC and other producers to cut output to try to prop up the market.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.
GE O&G '17: Petrobras strategist details company's "Project Revolution"
FLORENCE, ITALY—Nelson Silva, Chief Strategy and Performance Officer for Petróleo Brasileiro SA (Petrobras), opened the second day of GE Oil & Gas' Annual Meeting 2017 with a keynote address on the company's efforts to turn its business around.
OPEC achieves 82% of pledged oil output cut in January
LONDON/DUBAI (Reuters) -- OPEC's oil output is set to fall by more than 1 MMbpd this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.
GE O&G '17: LNG experts discuss solutions to cut emissions, expand production
An early-afternoon panel session on LNG technology was moderated by Pablo Avogadri, Turbomachinery Solutions CMO for GE Oil & Gas.
GE O&G '17: "The future is not what it used to be"
FLORENCE, ITALY—Changes in the energy mix were on top of the agenda of the first day of GE Oil & Gas' Annual Meeting 2017. We covered viewpoints from key executives and leaders from GE, the IEA and Total, as well as the CEO of BP.
GE O&G '17: BP chief says digitization is future of O&G industry
FLORENCE, ITALY—Following the plenary keynotes of GE Oil & Gas' Annual Meeting 2017 on Monday, January 30, a "fireside chat" was hosted by GE Chairman and CEO Jeffrey R. Immelt and BP Group CEO Robert "Bob" Dudley (Fig. 1; Mr. Dudley pictured on top screen).
Traveling sauna in US will run on Neste renewable diesel
When traveling the US roads in 2017, drivers may encounter a surprise amidst the conventional cars, trucks, and 18-wheelers. Throughout the year until December, a fully-functional Finnish sauna on wheels will travel 12,000 miles across the country. Neste is a sponsor of the Traveling Sauna, which is one of the many ways in which Finland celebrates its 100 years of independence in 2017.
Eni, SONATRACH sign agreement to study feasibility of petchem complex in Algeria
San Donato Milanese -- Versalis (Eni) and SONATRACH signed today in Algiers a Memorandum of Understanding to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria.
Unipetrol profits jump after cracker restarted, impairment reversed
PRAGUE (Reuters) -- Czech oil refiner Unipetrol's fourth-quarter net profit jumped to 4.17 billion crowns ($166.15 million) after the restart of some facilities and the reversal of an impairment allowance, the company said on Thursday.
- Methanex to indefinitely idle 860,000-tpy Trinidad and Tobago methanol plant 6/30
- Several injured in fire at Haldia Petrochemicals' plant in eastern India 6/30
- Shell forecast: Global LNG demand expected to grow by 65% by 2050 6/30
- INEOS Enterprises completes sale of its ultra-pure sulfur dioxide and derivatives business to Ecovyst 6/30
- Neste to invest over €400 MM in Porvoo refinery maintenance turnaround 6/30
- Middle East producers push on with oil and LNG loadings despite ship attacks 6/30
