Americas
Dakota Access Pipeline to start interstate service May 14
(Reuters) -- The controversial Dakota Access Pipeline will begin interstate crude oil delivery on May 14, according to a filing with the US Federal Energy Regulatory Commission.
EIA: US retail gasoline prices this summer expected slightly higher than 2016
Drivers in the US will pay an average of $2.46 per gal this summer for regular gasoline, according to forecasts in EIA’s Short-Term Energy Outlook (STEO). Gasoline prices from April through September are expected to be 23 cents/gal higher than the average price last summer, but this price is still nearly 70 cents/gal below the previous five-year average. The gasoline price increase this summer primarily reflects slightly higher forecast crude oil prices.
Wood Group awarded automation contract with TPC Group
Wood Group has been awarded a three-year contract valued at $8 MM to deliver process automation engineering services to TPC Group, a producer of value-added products derived from C4 hydrocarbons.
Oiltanking acquires terminal in Texas City
HOUSTON — Oiltanking North America, LLC announced the acquisition of the Oiltanking Galveston County (OTGAL) terminal.
Venezuela's PDVSA readies armada of fuel imports
HOUSTON (Reuters) -- About a dozen tankers are sailing to Venezuela or waiting offshore to discharge cargoes after state-run oil company PDVSA ramped up tenders to buy gasoline and other fuels to offset its weak refining output, according to traders and Thomson Reuters data.
China crude oil imports shatter record, top US intake
BEIJING (Reuters) -- China's crude oil imports surged to an all-time high in March to nearly 9.2 MMbpd, customs data showed on Thursday, far surpassing expectations and overtaking the United States as independent refiners ramped up their purchases.
For North Korea, cutting off oil supplies would be devastating
BEIJING/SEOUL (Reuters) -- Isolated North Korea doesn't consume much oil, but curbing or cutting off its supplies in retaliation for further nuclear or long-range missile tests would be painful and potentially destabilizing to the regime of Kim Jong Un.
Enterprise sets record for volumes at Texas gulf coast marine terminals
HOUSTON -- Enterprise Products Partners L.P. announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totaled a record 146 MMbbl on a gross basis during the first quarter of 2017.
Pipeline operator NuStar to buy Navigator Energy for $1.48 B
(Reuters) -- US pipeline operator NuStar Energy LP said on Tuesday it would buy privately held Navigator Energy Services LLC for about $1.48 B, as it seeks to expand into the Permian basin.
N.J. man sentenced to 5 yr prison for biodiesel fraud
WASHINGTON (Reuters) -- The owner of a New Jersey feedstock processor was sentenced to five years in prison for his role in a scheme that generated fraudulent tax and renewable fuel credits, the US Department of Justice said on Friday.
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- 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
