Refining
CB&I awarded oil sands expansion work in Canada
CB&I has won a contract, valued in excess of $750 million, by Imperial Oil Resources for work on its Kearl expansion project in Alberta, Canada. Work scope includes the engineering, procurement and module assembly and construction of a second bitumen extraction plant.
IEA lowers forecast for China oil demand, output
The IEA said Wednesday that it would slightly lower its 2012 forecast for Chinese oil demand and output due to a slowing domestic economy and the unexpected decline of both onshore and offshore production. But China's crude runs may remain high due to new refineries in Yinchuan and Beihai.
BP unveils global energy outlook through 2030, boosts demand estimate
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries, BP said in its Energy Outlook 2030 report. The demand projection is up 1.2% from the year-earlier estimate.
Obama rejects TransCanada pipeline Keystone XL
The Obama administration on Wednesday formally rejected TransCanada’s proposed Keystone XL oil pipeline expansion. However, TransCanada and other companies will be allowed to reapply with an alternate route going through Nebraska, where an important regional aquifer is located.
TransCanada will reapply for Keystone XL permit
TransCanada said late Wednesday that it had received the US Department of State's decision that the Presidential Permit for its proposed Keystone XL pipeline has been denied. However, the company will reapply for a permit and hopes to start up pipeline service as soon as 2014.
Foster Wheeler lands engineering deal for Petron refinery upgrade in Philippines
Foster Wheeler says it has been awarded a contract by Petron for the company’s refinery upgrading project in Bataan, Philippines. The delayed coker unit will have a design capacity of 37,500 bbl per stream day and is a key part of the refinery upgrade.
UAE, China ink energy cooperation agreements
United Arab Emirates said Tuesday that its Abu Dhabi National Oil Co., or ADNOC, signed an energy cooperation agreement with China National Petroleum Corp., or CNPC. The agreement aims to enhance cooperation in areas such as petrochemicals, technical services, engineering and construction services.
Sunoco completes spinoff of SunCoke Energy unit
US-based transportation fuels firm Sunoco completed the spinoff of its metallurgical coke manufacturing business SunCoke Energy. The planned separation was first announced in January 2011.
Saudi Aramco, Sinopec sign Yanbu refinery deal
State-giant Saudi Arabian Oil Co., or Aramco, signed a deal with China Petrochemical Corp., or Sinopec, to develop a 400,000 bpd oil refinery at Yanbu, on the Saudi Red Sea coast. The Aramco-Sinopec deal marks the latest effort by China and Saudi Arabia to strengthen energy ties.
Oil India plans to buy up to $200mn in US, Australia shale gas assets
State-run Oil India plans to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions in the US and Australia as it seeks to gain expertise in the field ahead of India's plans to auction blocks in the country, a senior executive said Monday. India is seeking to tap into its shale gas resources to meet rising gas demand from power plants and factories.
- 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
