Industry News

A Houston-based company, Raven Petroleum, plans to build the largest new US oil refinery in nearly 40 years on 200 acres of South Texas ranch land, strategically located to process the Eagle Ford shale field’s lighter crude and export it to Mexico.

Eaton Corporation, the power management company that was founded in New Jersey, US, has commenced a search for Public Relations (PR) support across seven EMEA (Europe, the Middle East and Africa) markets.

The US Geological Survey (USGS) says billions of barrels of oil, along with a vast source of gas, have been found in a field of shale rock in West Texas.

General Electric (GE), which is headquartered in Boston, MA, has announced an expansion of its suite of Predix-based software for power producers, grid operators and energy managers.

The US is set to export a record number of cargoes of shale gas in November, 2016. Nine liquefied natural gas (LNG) tankers have departed or are scheduled to leave Cheniere Energy Inc.

Ten of the world’s biggest oil companies plan to invest an average of USD $100 million annually over the next 10 years in low-carbon technologies.

GE Oil & Gas, whose US headquarters are located in Texas, has been awarded a contract to supply gas turbine-driven compressors for a third natural gas liquefaction train for the Tangguh expansion in the Papua Barat Province of Indonesia.

MRC Global Inc. has announced that its US subsidiary, MRC Global (US) Inc., has implemented an online customer catalog, MRCGOTM, for its US business.

Ohio-based Hunt Valve, a fluid power engineering company specializing in severe-duty valves and components, has released pump bypass control valves for high-pressure centrifugal pump systems that require minimum flow to provide cooling for the pumps when there is no system demand.

Mexico is targeting US West Coast refineries to boost sales of its flagship Maya crude. While Mexico has been a regular supplier of Maya oil to US Gulf Coast refineries, it hasn’t shipped any to the West Coast since February 2008, according to data from the US Energy Information Administration.