Crude oil
Enterprise, Enbridge speed up Seaway oil pipeline reversal in US
The Seaway pipeline reversal designed to help ease the glut in Cushing, Okla., will begin delivering crude oil to Gulf Coast refineries earlier than expected, a spokesman for the project said. The reversal had been expected to start up by June 1, but now could begin around May 17.
Enterprise forms partnership to build NGL pipeline from Colorado to Texas
Enterprise Products, Anadarko Petroleum and DCP Midstream agreed to build a new NGL pipeline that will start in the Denver-Julesburg Basin in Weld County, Colorado, and extend 435 miles to Skellytown, Texas. Enterprise will build and operate the pipeline, which begins service in the 2013 fourth quarter.
Singapore to study LNG bunkering amid search for cleaner marine fuels
Singapore maritime officials are studying the feasibility of LNG bunkering in Singapore in collaboration with DNV and 21 industry partners. The industry is looking to LNG as a cleaner marine fuel to meet international regulations as LNG has lower emissions compared with conventional marine diesel oil.
Sunoco Logistics plans WTI crude pipeline from west Texas to Gulf
Sunoco Logistics Partners is seeking customers for a proposed pipeline that would transport crude oil from West Texas to the Gulf of Mexico, the third such pipeline the company has proposed since February. The pipeline should be operational by 2013, the company said.
Delta Air looks at buying ConocoPhillips refinery
Burdened by the soaring cost of jet fuel, Delta is thinking of making some of its own by acquiring the idled 185,000 bpd Trainer refinery near Philadelphia, sources say.
Flint Hills to shut down Alaska refinery crude unit amid poor margins
Flint Hills Resources said Wednesday poor refining economics were forcing it to suspend operations at a major fuel processing unit and lay off staff at its refinery in North Pole, Alaska. Idling the unit will force the company to lay off up to 40 of the 151 employees over the next five months.
Chevron sees downstream margins up in refining, down in marketing
US energy major Chevron says its downstream earnings in the first quarter are expected to be higher, reflecting improved refining and chemicals margins, lower operating expenses, and gains on asset sales. International refinery crude-input volumes were up slightly compared to the fourth quarter.
China adjusts fee for foreign JV energy projects
Foreign joint ventures involved in oil and gas production in China will now be charged a compensation fee calculated on production value rather than volume. China first levied a fee on foreign joint ventures based on production volume in 1990. However, it suspended the fee in November 2011.
Oneok plans US crude pipeline from Bakken Shale to Cushing storage hub
ONEOK Partners plans to invest $1.5 billion to $1.8 billion between now and 2015 to build a 1,300-mile crude oil pipeline with the capacity to transport 200,000 bpd. Construction is expected to begin in late 2013 or early 2014 and be completed by early 2015, the company said.
BG Group to invest $2bn on R&D in Brazil oil sector
BG Group plans to invest more than $2 billion on research and development in Brazil's oil industry in a bid to become the country's biggest foreign producer by 2020, the Financial Times newspaper reported. The R&D budget of more than $2 billion would be spent by 2025, an official said.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Russian Urals oil sales to Turkey in Nov. up 38% m/m as STAR refinery increases runs 11/27
