Diesel
US oil demand falls in March, gasoline use up - API
Total petroleum deliveries (a measure of demand) slipped 1.3% in March compared with March 2011, but gasoline deliveries were up 3%, according to monthly data from the API. US gasoline production of 9.3 million bpd set a record for any March and for any comparable year-to-date period.
Brazilian miner Vale, oil major Petrobras to unveil joint projects next month
Brazilian mining company Vale and oil and gas company Petrobras will announce joint projects in a month's time. Vale and Petrobras, Brazil's biggest companies by market value, last Friday signed an accord to undertake joint projects in areas including fertilizer raw materials and oil and gas.
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.
Shell considering gas-to-diesel plant in Louisiana
Royal Dutch Shell is considering building a giant plant in Louisiana that would convert natural gas into diesel fuel, several people familiar with the company's plans said. The Anglo-Dutch company is expected to take up to two years to develop detailed engineering plans to determine if the plant is economically viable.
HP Construction: North America
Boardwalk Pipeline Partners, L.P. has selected Exterran to design, manufacture and construct a natural gas-processing plant in South Texas. The project includes engineering, procurement and constructi..
HP Construction: Europe
CB&I’s Lummus Technology business sector has been awarded two separate contracts by a client in Russia. The combined value of the contracts is approximately $120 million. The first contract was a..
Essar finishes Vadinar refinery expansion in India
Essar Oil on Friday announced the completion of the $1.81 billion expansion of its Vadinar refinery with the successful commissioning of the final delayed coker unit (DCU), which is amongst the world's largest. The expansion gives the Vadinar refinery the capability to process much heavier crude diet.
UK strike threat boosts Europe oil product demand
Surging retail fuel sales in the UK amid a threat of a tanker drivers strike are supporting demand in Europe's diesel and gasoline markets. The higher premiums often provide a temporary boost to the struggling European refining sector, as they translate into higher profit margins.
US oil demand down in February as consumers switch to natural gas - API
Total US petroleum deliveries fell 2.3% this February compared with February 2011, pulled down by a decline in residual fuel oil (40.2%) and other oil (liquid petrochemical feedstocks, naphtha and gasoil) deliveries. The steep decline in residual fuel demand related to users switching to natural gas.
Eni sees 2012–2015 output growth above 3% per year on higher capex
Eni SpA, Italy's biggest oil and natural gas company by volume, said Thursday that its new, four-year, EUR59.6 billion investment plan estimates average annual hydrocarbon production growth of more than 3% through 2015.
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