Crude oil
Marathon Oil boosting capital spending by $1 billion
Marathon Oil Corp. said Wednesday that it will increase its capital spending by $1 billion in 2012 as it moves to develop acreage in the Eagle Ford shale of South Texas. The firm plans to spend $4.82 billion on capital projects in 2012, up from its plan to spend $3.89 billion in 2011.
Toyo lands engineering design deal for Canada oil sands refinery project
Toyo has been awarded a contract by North West Redwater (NWR) to provide EDS (engineering design specification) work for a heavy oil upgrading and refining complex in Sturgeon County, Alberta. This complex will process bitumen extracted from oil sands producing naphtha, diesel oil and other petroleum products.
Iran says EU ban on crude imports to hurt Europe
Iran doesn't expect Europe to follow through on its threat to ban imports of oil from the Islamic republic because it would hurt the euro zone's energy security.
Sunoco idles key processing units at Pennsylvania refinery, cites weak market
US refiner Sunoco is indefinitely idling the main processing units at its refinery in Marcus Hook, Penn., citing deteriorating refining market conditions. The company said it also intends to increase the capacity utilization rate of its Philadelphia refinery and will continue to operate the refinery as long as market conditions warrant.
NPRA praises US transition to net fuels exporter
A new report that says growing US exports of petroleum fuels may enable the country to become a net exporter of refined petroleum products this year for the first time since 1949 is good news for the US, according to National Petrochemical & Refiners Association (NPRA) president Charles T. Drevna.
HPI Market Data 2012 Executive Summary
THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..
HP Construction: North America
Alfa Laval has an order to supply newly developed equipment for cleaning industrial wastewater in Canada. The order value is approximately SEK 60 million and delivery is scheduled for 2012.The order f..
HP Construction: Middle East
Burckhardt Compression has an order from Petroleum Development Oman LLC to deliver one process gas compressor for a new miscible gas injection (MGI) facility in the Sultanate of Oman. The responsible ..
ConocoPhillips finishes Illinois refinery expansion
ConocoPhillips said the expansion project at its joint-venture Wood River refinery in Roxana, Illinois, has been completed following the successful start of a new coker unit. The Wood River Refinery is jointly owned by ConocoPhillips and Cenovus Energy and is operated by ConocoPhillips.
EU imposes new Iran sanctions, but no oil embargo
European Union foreign ministers agreed Thursday to impose new sanctions on additional Iranian entities, but a French proposal for a blanket embargo on Iranian oil exports met significant resistance. EU foreign policy chief Catherine Ashton said an oil embargo was still "being debated" and diplomats said some restrictions on Iran oil imports were likely to be imposed in the coming months.
- 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
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
