Americas
Oil falls as signs of US output rise overshadow OPEC-led cuts
LONDON (Reuters) -- Oil prices fell one% on Monday as signs of a strong recovery in US oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December.
Praxair signs hydrogen supply agreement with Marathon Petroleum
DANBURY, Conn. — Praxair, Inc. signed a long-term contract to supply hydrogen to Marathon Petroleum Corporation’s refinery in Garyville, Louisiana. The company will use the hydrogen to support an ultra-low-sulfur diesel project planned for 2018.
EIA: Hydrocarbon gas liquids a key factor in overall liquid fuel balance changes
Hydrocarbon gas liquids (HGL) — a group of products that includes ethane, propane, normal butane, isobutane, natural gasoline, and refinery olefins — have traditionally accounted for only minor changes in global liquid fuels production and consumption balances. However, HGL, and in particular ethane, is becoming a significant factor in expected year-over-year changes in global liquid fuels balances.
AFPM hosts inauguration celebration in D.C.
AFPM hosted a Presidential Inauguration Celebration in Washington D.C. on Jan. 20. on the eighth floor and balcony of 601 Pennsylvania Ave., across from the National Archives and in sight of the Capitol. Guests were treated to views of the Parade and a big screen to watch the Capitol Hill festivities.
Synthetic Genomics, ExxonMobil renew algae biofuels research agreement
LA JOLLA, Calif. -- Synthetic Genomics, Inc. and ExxonMobil announced that they have extended their agreement to conduct joint research into advanced algae biofuels after making significant progress in understanding algae genetics, growth characteristics and increasing oil production.
Magellan pipeline settles alleged Clean Water Act violations
WASHINGTON – The US Environmental Protection Agency (EPA) and the Department of Justice today announced a settlement with Magellan Pipeline Company, L.P., for alleged violations of the Clean Water Act related to gasoline, diesel and jet fuel spills in Texas City, Texas; Nemaha, Neb. and El Dorado, Kan. Magellan has agreed to complete approximately $16 million of injunctive relief across its 11,000-mile pipeline system and pay a $2 million civil penalty.
CB&I awarded alkylation, hydrocracking contracts for China refinery
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
Pennsylvania town approves construction of Shell petrochem facility
(Reuters) -- The town council of Potter, Pennsylvania unanimously approved a conditional use permit late Wednesday allowing a unit of Royal Dutch Shell PLC to move forward with construction of a multibillion-dollar petrochemical complex near Pittsburgh.
US crude oil stocks build unexpectedly as refining slows down
NEW YORK (Reuters) -- US crude inventories rose unexpectedly last week as refineries sharply slowed production, while gasoline stocks soared amid weak demand, the Energy Information Administration said on Thursday.
China-US trade tensions high on Big Oil's worry list
DAVOS, Switzerland (Reuters) -- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
- Iraqi cabinet approves $4.6-B Basrah-Haditha oil pipeline project 12/31
- China issues 2025 crude quota to Sinochem for eastern China refineries 12/31
- Ukraine hits Russian oil depot in Smolensk region 12/31
- Oil rises on diesel demand boost in sparse holiday trade 12/31
- Stamicarbon awarded licensing, PDP contracts for low-carbon fertilizer plant in Canada 12/30
- Avina Clean Hydrogen to build $820-MM SAF plant in southwest Illinois (U.S.) 12/30
