Europe
BASF sees role of oil and gas unit declining further
MANNHEIM, Germany (Reuters) -- BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.
Total inaugurates revamped Carling petrochemical complex
PARIS – Total has inaugurated its revamped Carling - Saint-Avold petrochemical complex in eastern France following three years of transformation works.
OMV: Refinery turnaround to shave $87 MM from Q2 operating profit
VIENNA (Reuters) -- Austrian oil and gas group OMV said on Thursday a six-week turnaround at its Schwechat refinery will shave off $87 MM from its second-quarter adjusted operating profit.
Wintershall says in talks with Libya to resolve oil export dispute
TUNIS (Reuters) -- Libya's oil production is running at above 800,000 bpd for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd.
Shell proposes adding Russian oil to Brent benchmark
LONDON (Reuters) -- Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, in its price-setting process.
Norwegian firms Yara, Kongsberg to build self-steering container ship
OSLO (Reuters) -- Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they said would be the world's first fully electric and self-steering container ship.
Russia boosts Urals oil flow to India as OPEC cuts output
MOSCOW (Reuters) -- Russia has steeply raised Urals oil supplies to India, taking market share from OPEC countries that are cutting production as part of a global pact to prop up prices, traders said and shipping reports showed on Wednesday.
Oil prices slip as rising US drilling offsets OPEC-led cuts
LONDON (Reuters) -- Oil prices slipped on Monday, reversing gains made earlier in the session as evidence of rising US drilling offset news that OPEC and other producers may extend their production cuts.
Oil tanker firm DHT Holdings rejects another bid by rival Frontline
OSLO (Reuters) -- Tanker firm DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline, calling the $500 MM all-share bid "woefully inadequate."
Total halts production at Feyzin refinery in France due to strike
PARIS (Reuters) -- French oil and gas company Total said on Friday it was gradually shutting down production at its 117,000-bpd Feyzin refinery and petrochemical platform near Lyon in the east of France due to a strike.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
