Crude oil
AFPM files petition for 2013 biodiesel volumes
The rule increased the volume of biomass-based diesel from 1 billion to 1.28 billion gallons.
Russian government approves Rosneft's TNK-BP acquisition
Russia's government has approved state-controlled oil giant OAO Rosneft's $55 billion acquisition of TNK-BP from BP and its partners.
Operational improvements proposed at Pine Bend refinery
The projects are expected to improve reliability, reduce key emissions and improve the refinery's ability to convert crude oil into transportation fuels.
BridgeTex pipeline to deliver crude from Permian Basin to Houston Gulf Coast
The pipeline will transport up to 300,000 bpd of crude oil, with access to Houston Ship Channel refineries, Texas City refineries and other refineries throughout the Gulf Coast.
US oil demand lowest for October since 1995 – API
Demand was the weakest in October in 17 years, while year-to-date figures are down 2.1% from 2011. "For many months, we’ve seen variations on the same theme: weak demand versus a year ago and some of the weaker demand numbers over the past decade,” said API chief economist John Felmy.
Foster Wheeler venture wins FEED work for Canada oil sands processing site
The project, located in northern Alberta, is expected to have an initial production capacity of 90,000 bpd over two phases and an estimated project life of up to 40 years. The project is currently under review by regulators, according to company officials. The contract value was not disclosed.
US industry sees self-sufficiency for natural gas, but not crude oil – survey
When it comes to oil, however, survey respondents are far less optimistic about the ability to meet American demand with domestic supplies: 54% say the US will never be completely oil self-sufficient, and only 26% of respondents say oil self-sufficiency is achievable in the next 10 years.
US to overtake Saudi Arabia as top oil producer, says IEA
A shale oil boom means US production will pass that of Saudi Arabia by 2020, the IEA says, in a radical shift that could greatly transform energy supplies and geopolitics. The assessment is in stark contrast with last year, when the agency envisioned Russia and Saudi Arabia vying for the top position.
TransCanada expects Keystone XL approval after Obama re-election
Supporters of the project say it will create jobs, lower gasoline prices and spur US energy independence by greatly increasing the amount of available crude supply. However, the project has drawn the ire of the Sierra Club and other environmental groups, which are worried about safety.
US energy groups target Keystone approval, shale as Obama wins second term
Obama won the US election with 332 electoral votes, far exceeding the 270 required to win. Republican challenger Mitt Romney finished with 206. “Right off the bat, the president can approve the Keystone Pipeline and put thousands of Americans to work immediately," said the API's chief executive.
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
- IAG announces new E-SAF deal with Infinium, remains on track to deliver 2030 target 11/26
- Aviation sector officials warn of Trump effect on green jet fuels 11/26
- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
