Refining
Plains to build northern Oklahoma crude oil pipeline
Plains All American Pipeline says it will construct a new 170-mile pipeline to service the increasing Mississippian Lime crude oil production in northern Oklahoma and southern Kansas. The pipeline is expected to be completed in mid-2013, the company said.
Shale, foreign investment spark 2011 growth in US oil, gas M&A - report
The total value of US oil and gas mergers and acquisitions (M&A) increased significantly in 2011 due to continued investment in shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry. Average deal size also increased in 2011.
India boosts Iran oil imports, largely offsets China reduction - sources
India has boosted its imports of Iranian oil, becoming the Islamic Republic's largest customer last month and largely offsetting a cut in Chinese purchases as sanctions fail to dent Tehran's sales for now, people within the oil industry said this week. Iranian crude exports to India were up 37.5% from December.
Independents nab control of US refining industry
Independent refiners appear in the driver's seat in the US as integrated oil companies increasingly shed refining assets.
BP to sell global LPG bottles, tank filling business
BP plans to sell its liquefied petroleum gas (LPG) bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business. The company expects to complete any deal by the end of 2013.
Canada JV plans cellulosic ethanol plant in Québec
A waste-to-biofuels joint venture between Enerkem and GreenField Ethanol plans to build a commercial-scale plant in Varennes, Québec, using Enerkem's proprietary technology to convert non-recyclable municipal solid waste into biofuels. Officials did not disclose a start-up date for the project.
EIA raises most US price forecasts for crude, petroleum products
The US government on Tuesday raised its predicted prices for most crude oil and petroleum products in the latest edition of its monthly energy forecast. With crude prices serving as the fuel feedstock for petroleum products, forecasts for gasoline and diesel were also up as well.
Magellan Midstream CEO: El Paso-Houston pipeline not fully committed
Magellan Midstream plans to begin by 2013 its project to ship oil from increasingly productive south Texas fields to the refining belt along the US Gulf Coast despite lacking enough shipper interest to fill the line. Last year's WTI-Brent crude price disparity helped spark multiple projects to bring Cushing crude to the Gulf.
US shale boom drives oilfield chem demand - study
The oilfield specialty chemicals market grew to nearly $16 billion in 2010, driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, according to a new study. World demand for these chemicals is expected to grow at an average rate of 3.5% during the next five years.
Shaw lands technology upgrading deal for FCC unit at Thailand refinery
The Shaw Group was awarded a contract to provide the technology license and process design package for the revamp of a residue fluid catalytic cracking (RFCC) unit for Star Petroleum Refining Co. in Map Ta Phut, Thailand. The upgrade will incorporate the latest advances in reactor system technology.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
