Expanding domestic energy is 2016 priority, US Chamber president says

The US Chamber of Commerce is making domestic energy expansion one of its top 2016 priorities, its president announced. It also intends to fight runaway government regulation, push for more American trade globally, and promote entitlement reform discussions, Thomas J. Donohue said in his 2016 State of American Business address. Source: News


Cheniere expects delay for first Sabine Pass LNG cargo

Cheniere Energy Partners LP reported that it expects to export the first LNG commissioning cargo from its Sabine Pass liquefaction project in Cameron Parish, La., in late February or March. The first commissioning cargo was initially expected to occur by late January. Source: News


WoodMac: Growing list of deferred upstream projects reaches 68

Final investment decisions on 68 large projects globally totaling $380 billion in capital expenditures were deferred from when crude oil prices first plunged in 2014 to yearend 2015, according to a report by research and consultancy firm Wood Mackenzie Ltd. Source: News


HollyFrontier lets contract for Cheyenne refinery

Cheyenne Refining LLC, a subsidiary of HollyFrontier Corp., Dallas, has let a contract to a division of Honeywell International Inc., Des Plaines, Ill., to provide technology for removing contaminants from industrial wastewater in order to meet stricter environmental discharge requirements at the 49,400-b/d (52,000-b/sd) Cheyenne, Wyo., refinery. Source: News


MARKET WATCH: Brent crude oil briefly dips below $30/bbl

Crude oil prices for February delivery waffled in Jan. 13 trading with the closing for US light, sweet crude up 4¢ at $30.48/bbl on the New York market. Brent crude oil prices for February briefly dipped to a low of $29.96/bbl but ended Jan. 13 trading at $30.31/bbl, down 55¢, in London. Source: News


Petrobras cleared to boost crude runs at Rnest

Petroleo Brasileiro SA (Petrobras) has received approval from state regulators to lift crude oil throughputs to levels nearing full design capacity at the first 115,000-b/d production train of its Abreu e Lima refinery (Rnest) at the port of Suape, near Recife, the capital of Brazil’s Pernambuco state. Source: News


Barclays: Global E&P budgets to see double-dip in 2016

In a survey of 225 companies for the annual Barclays E&P Spending Outlook, upstream oil and gas companies plan to reduce spending by 15% globally in 2016, following a 23% decline in 2015. This represents only the second time spending has fallen in consecutive years in the 31-year history of the survey. The first “double-dip” […]


Eni seeks partner for chemicals business

Eni SPA wants a partner for its petrochemical business, Versalis. In a meeting with government and trade union officials at the Ministry of Economic Development in Rome, Eni officials reported progress with a transformation plan for the chemical subsidiary, which has lost money in recent years. Source: News