Crude oil
Axens technology picked for Saudi Aramco refinery
Axens' technologies have been selected by Saudi Aramco for use in its Jazan refinery and terminal project, the company said on Friday. The refinery, scheduled to be commissioned in December 2016, will have a capacity of 400,000 bpd.
US petroleum demand rose slightly in August - API
Total US petroleum deliveries, used to measure demand, rose slightly in August to 19.7 million bpd compared with August a year ago, with demand for gasoline and distillates moving in opposite directions, according to the American Petroleum Institute (API).
Oiltanking, PERN sign JV for Poland liquids terminal
Oiltanking and petroleum logistics firm PERN have signed a joint venture to jointly develop and construct a terminal for the storage and handling of bulk liquids in the Port of Gdansk, Poland. The terminal will potentially be able to store and handle crude oil, refined oil and petrochemical products.
Plains to expand Louisiana crude terminal in 2012
Plains All American Pipeline said it is proceeding with the fourth phase of an expansion at its terminal facility in St. James, Louisiana. This expansion will include construction of an additional 1.2 million bbl of crude oil storage capacity and is targeted to be completed in the third quarter of 2012 at a cost of approximately $50 million.
ExxonMobil plans Texas lubricant base stock plant
ExxonMobil Chemical said it plans to build a world-scale facility for its metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks at its integrated refining and chemical complex in Baytown, Texas. The facility will have the capacity to produce 50,000 tpy of high-viscosity (Hi-Vis) SpectraSyn Elite mPAO.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
BP given brunt of blame in final Gulf oil spill report
A final investigation report released by US regulators on Wednesday found BP largely at fault in the Deepwater Horizon rig explosion and resulting oil spill in April 2010.
Shell mulls new Louisiana-to-Texas crude pipeline
Shell Pipeline Co. is considering building a new pipeline segment (Westward Ho) to move crude from St. James, Louisiana to the Golden Triangle area of southeast Texas, the company said on Wednesday.
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
Enbridge to twin its Canada oil sands pipeline
Enbridge will twin the southern section of its Athabasca Pipeline from Kirby Lake, Alberta, to the crude oil hub in Hardisty, Alberta, at an estimated cost of approximately $1.2 billion. The twin line will initially add approximately 450,000 bpd of capacity between these points, with low-cost expansion potential to 800,000 bpd, the company said.
- INEOS Inovyn agrees to sell its Italian chlor-alkali business to Esseco Industrial 4/21
- LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant 4/21
- Petronor and H2SITE partner to pioneer high-purity hydrogen production in refining through advanced membrane technology 4/21
- Emerson accelerates edge ecosystem for real-time enterprise operations intelligence 4/21
- Tracerco launches DrumVision™ to deliver real-time process visibility in delayed coking and demanding interface measurement applications 4/21
- IMI signs global framework extension with Solvay for the provision of IIoT sensors 4/21
