Americas
Wison, Hyundai nab EPC contract for Puerto la Cruz refinery in Venezuela
Consortium Hyundai-Wison will carry out engineering, procurement, construction and start-up assistance of the environmental units, auxiliary units and revamp of atmospheric distillation units of the deep conversion project. Facilities will be able to process heavy crude oil, with a capacity of 210,000 bpd.
ExxonMobil CEO bemoans natural gas pricing
ExxonMobil is making "no money" on US natural gas due to low prices that have fallen below the cost of production. "We are losing our shirts," said company CEO Rex Tillerson.
Brazil ethanol industry needs years to recover lost production, says IEA
Brazil's ethanol industry will take several years to recover from recent production setbacks due to aging agricultural infrastructure and economic uncertainties, an official at the International Energy Agency said. Brazil's growers are struggling to bounce back from a bad crop in 2011-12
BP probes blast at Colorado gas compressor plant
One contract worker was killed and two injured after a Monday explosion at BP's gas compressor station near Durango, Colorado. BP said it continues to investigate the cause of the incident.
US appeals court backs EPA greenhouse gas rules
The US Court of Appeals for the District of Columbia Circuit, in an 82-page ruling, unanimously upheld the EPA's central finding that greenhouse gases such as carbon dioxide endanger public health and welfare. The EPA regulations followed a landmark Supreme Court ruling in 2007.
US oil, gas producers redeploy Gulf of Mexico staff as Debby weakens
Oil and gas producers in the US Gulf of Mexico moved to restaff their offshore operations and restart disrupted output Monday, as a weakening Tropical Storm Debby turned toward the western Florida coast. The National Hurricane Center said the storm had maximum sustained winds of 45 miles an hour.
Delta closes on Pennsylvania refinery purchase
Delta Air Lines’ wholly-owned subsidiary, Monroe Energy, has completed its previously-announced deal to acquire the 185,000 bpd Trainer refinery complex from Phillips 66.
Global liquid fuels demand seen rising 0.9%/yr - EIA
Global liquid-fuels demand is expected to rise by 0.9% between 2010 and 2035, to 109.5 million bpd, with the world becoming more reliant on OPEC oil, according to a new US government forecast released on Monday. OPEC's share of world demand will rise to 41.9% in 2035 from 39.7% in 2010.
Japan hopes to secure deal for US exports of LNG
Japan officials are hopeful that an accord can be reached with the US to secure LNG exports. US authorities in April granted approval for the first LNG exports in more than 40 years from a site on Louisiana coast, in a decision that is expected to pave the way for a major shift in global gas markets.
US fuel demand shows recent improvements - API
Total US petroleum deliveries rose 0.5% in May over the same month last year to 18.5 million bpd, according to monthly data from the American Petroleum Institute (API) trade group. May distillate demand was up 2.0%, though down 1.5% for the first five months. Jet fuel demand rose in May.
- Indonesia expects EU to adjust palm oil biofuel stance after EU ruling 1/17
- First-ever ammonia and propane co-loaded vessel completes voyage from U.S. to Europe 1/17
- China's vast refining sector faces shakeout as fuel demand peaks 1/17
- Oman Oil Marketing Co. and TFG Marine establish bunker fuel supply JV 1/17
- Beware Egypt's smokestack onshoring as cement exports surge 1/17
- Petrobras reports record high refinery output in 2024 1/17
