Americas
Fairway begins operations at Houston crude oil storage facility
HOUSTON – Fairway Energy Partners, LLC announced that it has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the growth of pipeline-delivered crude oil into and through the Houston market.
Venezuela's PDVSA reactivates El Palito refinery alkylation unit
CARACAS (Reuters) -- Operations at the alkylation unit at Venezuelan state oil company PDVSA's El Palito refinery resumed on Sunday, according to the refinery's Twitter account.
Utah establishes gasoline and diesel refinery exemption
DALLAS -- Utah Governor Gary Herbert signed Senate Bill 197—effective Jan. 1, 2018—establishing an exemption for the purchase or lease of machinery, equipment, normal operating repair or replacement parts, catalysts, chemicals, reagents, solutions or supplies used or consumed by a refiner who owns, leases, operates, controls or supervises a refinery used to produce gasoline or diesel fuel.
US to launch probe into Argentina, Indonesia biodiesel imports
WASHINGTON/JAKARTA (Reuters) -- The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidization.
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.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
