Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates this weekend, sending crude futures up sharply May 13. Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to independent energy research and business intelligence company Rystad […]

Brooge Petroleum & Gas Investment Co. is building a 250,000-b/d refinery designed to produce bunker fuel in Fujairah, UAE. The refinery will be the first of its kind in the Middle East and North Africa to comply with new regulations of the International Maritime Organization 2020 by capping sulfur content in shipping fuels, BPGIC said. […]

Freeport LNG Development LP has selected KBR Inc. as the preferred bidder for the engineering, procurement, construction, and commissioning contract for Train 4 at Freeport LNG’s export facility on Quintana Island near Freeport, Tex. Source: News

Bangchak Corp. Public Co. Ltd. (BCPCL), formerly Bangchak Petroleum Public Co. Ltd., has scheduled a shutdown of the hydrocracking unit for a month of planned maintenance at its 120,000-b/d refinery in Bangkok, Thailand. Source: News

Chennai Petroleum Corp., a partly owned subsidiary of Indian Oil Corp., has let a contract to McDermott International to provide technology licensing for a polypropylene plant at CPCL’s proposed grassroots Cauvery Basin refinery at Nagapattinam in Tamilnadu, India. Source: News

Wood Mackenzie said its 11th annual exploration survey shows the oil and gas industry foresees a return to profits enabling exploration of promising prospects. WoodMac surveyed 258 senior energy leaders and exploration professionals worldwide. Source: News

Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 coventurers—has entered into a 17-year, 1.6 million-tonne/year LNG supply agreement with Jera Co. Inc. and CPC Corp. Source: News

Light, sweet crude oil prices declined slightly May 10 to settle under $62/bbl for both the June and July contracts on the New York market May 10 while Brent prices in London gained with the July contract holding above $70/bbl. Source: News

Real normalcy will come long after mid-May “normalization” promised for Russia’s Druzhba oil pipeline system and the refineries it supplies.   Source: News

IFM Investors, through the IGM Global Infrastructure Fund, agreed to acquire Buckeye Partners LP, Houston, in an all-cash deal with an enterprise value of $10.3 billion and an equity value of $6.5 billion. Source: News