Americas
US shale gas to sustain chemical industry despite slow manufacturing – ACC
Though rising uncertainty over the fiscal cliff, debt ceiling and tax reform have hindered business confidence, the most important domestic energy development in the last 50 years is poised to reshape American manufacturing, with access to vast shale supplies creating a competitive advantage.
Shell to collaborate in FLNG with Technip, Samsung
The agreement between the firms builds on the existing relationship, formed in 2009, to ensure the companies can capitalize on insights gleaned from the design and construction of Shell's Prelude FLNG facility in Australia and expand their technology offerings to the global energy market.
Delta Air to lose money on Trainer refinery in Q4, but future savings expected
The airline attributes the loss during the quarter to Superstorm Sandy, which battered the US East Coast in September. The storm hit just after Delta restarted its 175,000 bpd refinery in Pennsylvania after spending the summer on maintenance work to maximize jet-fuel production.
US ethylene industry to expand 35% by 2017
The ongoing shale gas revolution is boosting prospects for the US ethylene sector, which could raise its capacity by more than a third by 2017, according to a new report. Strong ethane production has helped to lower prices and made the US petrochemicals industry more competitive.
ExxonMobil sees North America becoming net oil, gas exporter by 2025
The closely watched annual forecast of energy trends, set to be released Tuesday, concludes the growth of US and Canadian oil and gas production has staying power and could lead to more international shipments of oil and gas, said Exxon's vice president of corporate strategic planning, who led the study.
EIA lowers 2012 forecast for US crude oil prices
Spot prices for West Texas Intermediate, the US benchmark, will average $88.51/bbl in the fourth quarter, according to the December edition of the US Energy Department's Short-Term Energy Outlook. That's down from the $89.50/bbl that was predicted in November's report.
Natural gas pipeline explosion injures two, destroys homes in West Virginia
The explosion of a NiSource 20-inch transmission line destroyed five homes and severely damaged others in Kanawha County, about 15 miles north of state capital Charleston. The pipeline has been shut off, allowing emergency crews to approach the scene for further investigation.
Sempra seeks US permit to begin building Cameron LNG export facilities
The net benefits of the project outlined in Sempra's FERC application include creating nearly 3,000 direct jobs in the peak construction year and approximately 130 full-time jobs when fully operational. The US will review the application and conduct an environmental study on the proposal.
Mitsubishi to invest in methanol-to-petrochemicals complex in Trinidad
The project will use 100 million standard cubic feet/day of natural gas to produce among other products di- methyl ether (DME), which can be used in Trinidad as a replacement or blending stock for diesel and liquified petroleum gas (LPG). The target date for the first stage of the project is early 2014.
Enbridge to expand light oil pipeline network from North Dakota, Canada
The program is one of several projects the big Calgary, Alberta company and others have unveiled this year to respond to booming North American energy output, particularly in the continental Midwest, where pipeline constraints have led to bottlenecks and lower prices for the region's crude.
- Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector 7/7
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
- Shell flags profit hit from weakness in gas trading and chemicals business 7/7
