Crude oil
Iraq replaces Saudi as top oil supplier to India in April
NEW DELHI (Reuters) -- Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.
EIA: Oil-fired power plants provide 3% of US electricity capacity, 1% generation
Roughly 70% of petroleum-fired electric generating capacity that still exists today was constructed prior to 1980. Utility-scale generators that reported petroleum as their primary fuel comprised only 3% of total electric generating capacity at the end of 2016 and produced less than 1% of total electricity generation during 2016.
Colombia's Ecopetrol looks to invest in Latam light crude projects
BOGOTA (Reuters) -- Colombian state oil company Ecopetrol said on Friday it will focus its efforts over the next 18 months on purchasing light crude projects in other Latin American nations, taking advantage of nearly $6 B in cash it held at the end of the first quarter.
Canada introduces law to ban tankers off north British Columbia
(Reuters) -- Canada's Liberal government has introduced legislation for a moratorium on oil tanker traffic along the northern coast of the British Columbia province, the country's transport department said on Friday, delivering on an election promise.
Canada govt, industry to spend $51 MM on oil sands clean tech projects
CALGARY, Alberta (Reuters) -- The Canadian and Alberta governments and three energy companies said on Thursday they will spend $51.14 MM to develop three new clean technology projects, aimed at cutting costs and carbon emissions in the country's oil sands.
Venezuela's main refining complex working at 43% of capacity
(Reuters) -- The Paraguana Refining Center, which includes Venezuela's two largest refineries, is working at 43% of its installed capacity of 955,000 bpd, according to internal reports from its operator, state-run PDVSA, seen by Reuters on Wednesday.
US customs agency withdraws Obama-proposed changes to Jones Act
WASHINGTON (Reuters) -- US Customs and Border Protection has withdrawn an Obama-era proposal to modify a law that governs shipping, which would have revoked waivers that make it easier for oil and gas operators to skirt restrictions, according to an agency bulletin published Wednesday.
Dakota Access Pipeline spilled oil 84 gal of oil in S. Dakota
NEW YORK (Reuters) -- The Dakota Access Pipeline leaked 84 gallons of crude oil at a pump station in South Dakota last month, according to state documents, just weeks before the pipeline is set to start commercial service.
Wintershall says in talks with Libya to resolve oil export dispute
TUNIS (Reuters) -- Libya's oil production is running at above 800,000 bpd for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd.
Shell proposes adding Russian oil to Brent benchmark
LONDON (Reuters) -- Royal Dutch Shell on Wednesday urged oil pricing agency S&P Global Platts to protect the dated Brent crude benchmark from declining North Sea supply by including other grades, such as Russian Urals, in its price-setting process.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
