Release of strategic oil reserves: New form of economic stimulus

On June 23 International Energy Agency (IEA) members announced the release of 60 million barrels of strategic oil reserves over a month—the equivalent of 2 million barrels per day (bpd) for 30 days. Half of this amount—30 million barrels—will come from the US Strategic Petroleum Reserve (SPR), which currently holds 726.5 million barrels of crude. The release of 60 million barrels over 30 days will temporarily increase world oil supply by about 2.3 percent.

Meeting diesel specifications at sustained production

Singh, D., Shedded Uhde Pty Ltd.

New approach rethinks operations of crude and vacuum distillation units to recover more distillate

Innovation drives new catalyst developments

Letzsch, W., The Shaw Group

Future challenges in environment and product specifications involve more sophisticated catalyst systems

Global demand for catalysts to exceed $17 billion in 2014

World demand for chemical synthesis, petroleum refining and polymerization catalysts will rise 6%/yr to $17.2 billion in 2014, reflecting a combination of healthy volume and price growth from a weak 2..

Rare earth dilemma forces catalyst changes

The success from catalysts depends on its structure and composition. Tremendous research has been devoted in fine-tuning the melding of structure and raw material makeup to provide efficient catalyst ..

Shell sells most of Chilean downstream businesses to Quiñenco

Shell today announced it has agreed to sell most of its downstream business in Chile to Quiñenco for a total consideration of some $614 million.

Obama Administration issues statement on US energy security

On March 30, the office of the press secretary at the US White House issued the following statement concerning the US’ energy security.

Purvin & Gertz releases global petroleum market outlook

Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.

Shell sells Stanlow refinery to Essar Oil (UK)

Shell has signed a sales and purchase agreement for its 270,000 bpd Stanlow refinery in the UK and certain associated local marketing businesses with Essar Oil (UK) Ltd. for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.

ExxonMobil increases fuel supply to Tohoku region of Japan

In an ongoing effort to quickly and safely supply much needed fuel to the areas in Japan hardest hit by the earthquake, ExxonMobil Group Japan has increased fuel supply into its Tohoku region dealer service station network by 140% above pre-earthquake levels.