EIA: US gasoline prices lowest since 2009 ahead of holiday weekend

US retail gasoline prices averaged $2.32/gal on May 23, a 47¢/gal drop from the same time last year, and the lowest average price just before the Memorial Day holiday weekend since 2009, according to the US Energy Information Administration. Source: News


Chevron gains environmental approval for Gorgon Train 4

The Australian government has granted environmental approval to Chevron Australia Pty. Ltd. for Train 4 at the firm’s $54-billion Gorgon-Jansz LNG plant on Barrow Island off Western Australia. Source: News


Rosneft, Pertamina ink deal for integrated refining complex

Russia’s OJSC Rosneft and PT Pertamina (Persoro) of Indonesia have signed a framework agreement to cooperate on development of a grassroots refining and petrochemical complex to be built at Tuban, in East Java, Indonesia. Source: News