Americas
Asserting 'dominance,' Trump seeks boost for US energy exports
WASHINGTON (Reuters) — President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant US production of oil, natural gas and coal and export it around the world, creating American jobs and helping allies.
Clogged oil arteries slow US shale rush to record output
GUERNSEY, WYOMING (Reuters) — A gallon of gasoline that allows a driver on the US East Coast to travel about 25 mi has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.
Portugal investigating fraud linked to Venezuela PDVSA funds
CARACAS (Reuters) — Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.
Mexico's Pemex sees restart of Salina Cruz refinery on July 30
MEXICO CITY (Reuters) — Mexican state oil producer Pemex said on Thursday that it expects to restart operations on July 30 at Salina Cruz, its largest oil refinery, after it was hit last week hit by flooding and subsequent fire that forced a shutdown of the plant.
Demand to ship gasoline on top US pipeline at 6-yr low
NEW YORK (Reuters) — The operator of the biggest US fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six years, the latest symptom of a global oil market grappling with oversupply.
Velan launches the Securaseal R-series cast
HOUSTON, TX — Velan introduced the all new Securaseal R-series cast metal-seated ball valve at Valve World Expo in Houston, Texas. The new R-series cast product line leverages Velan’s extensive severe service technology and places it in an optimized package suitable for most processes with fluid slurries and high temperatures, the company said in a press release.
Dangote awards DuPont clean technology contracts for new oil refinery in Nigeria
WILMINGTON, Del. — DuPont Clean Technologies announced today that Dangote Oil Refinery Company Ltd has commissioned a range of advanced proprietary equipment from DuPont for the construction of a new refinery in Lekki, near Nigeria’s capital, Lagos.
Petrobras revives plan for IPO of fuel distribution unit
SAO PAULO (Reuters) — Petróleo Brasileiro SA is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday.
OpenLink announces asset transaction management for midstream, downstream operations
HOUSTON, Texas – OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, announced that its newly developed solution, Asset Transaction Management (ATM), is now live at three leading energy clients—including Williams Midstream Partners and SemGroup—and open to the market.
EIA: US crude, petroleum product exports rising, trends vary across products
US total crude oil and petroleum product exports more than doubled from 2.4 MMbpd in 2010 to 5.2 MMbpd in 2016. While exports of distillate, gasoline, propane and crude oil have all contributed to the increase, growth rates and market drivers for each product have varied during this period.
- Saudi Arabia was top buyer of Russian fuel oil and VGO in November 12/23
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains 12/22
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
