Economics
LNG prices enjoying seasonal gains, but may be short-lived
While the LNG market is heading for structural oversupply next year, and for several years thereafter, there are several short-term factors that have been supporting prices, and should continue to do so for a little while.
Braskem ex-CEO eyes plea bargain in Brazil corruption probe
A former chief executive of Braskem SA is working with investigators in Brazil to establish the petrochemical company's responsibility in a political graft scandal involving its shareholders.
Credit Suisse says US refinery margins rise in three of five regions
Refining margins rose in three of the five US regional petroleum districts in the week ended September 30, according to Credit Suisse.
Norway strike could affect LNG plant, refinery
If wage talks fail, Statoil’s Melkoeya LNG plant and Shell’s Nyhamna gas plant could shut, while ExxonMobil’s Slagen refinery’s maintenance could be prolonged.
Rosneft, Pertamina to form JV for refining, petrochemicals
Rosneft and Pertamina will create a JV company to implement the construction of the Tuban refining and petrochemical complex located in the eastern part of Java, Indonesia.
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.
Asia refining margins tumble on crude price spike
Asian refining margins have tumbled to their lowest in nearly six weeks after touching a seven-month high in September, hit by a spike in crude prices following OPEC's decision to curb output.
Shell to provide fuel for Carnival’s LNG-powered cruise ships
Carnival has signed a framework agreement with Shell Western LNG to be its supplier of marine LNG to power the world's first fully LNG-powered cruise ships.
Brazil's Braskem enters talks with US authorities in graft case
Brazil's Braskem has entered into talks with the US Department of Justice and the Securities and Exchange Commission regarding an internal graft probe started in 2015.
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