Port Arthur LNG files FERC application for Texas export facility

LNG subsidiaries of Sempra Energy, San Diego, have filed applications with the US Federal Energy Regulatory Commission seeking authorization to site, construct, and operate the proposed Port Arthur LNG liquefaction facility along the Sabine-Neches Waterway in Southeast Texas. Source: News

Serbia’s NIS lets contracts for Pancevo refinery

Serbia’s Naftna Industrija Srbije (NIS) JSC Novi Sad has let a contract to CB&I, Houston, for engineering, procurement, and construction management (EPCM) of a delayed coker unit to be added as part of an ongoing modernization program at its 4.8 million-tonne/year refinery in Pancevo. Source: News

MARKET WATCH: NYMEX oil prices soar on OPEC production-cut plans

US and London crude oil benchmarks both soared by more than $4/bbl on the New York and London markets Nov. 30 after the Organization of Petroleum Exporting Countries announced an agreement for the cartel to reduce production to 32.5 million b/d effective next year. Source: News