Americas
Conoco to shut more natural gas output in 2012
ConocoPhillips plans to shut in only a small portion of its natural-gas production in Canada and the lower 48 states due to lower commodity prices as the bulk of its production is tied to oil liquids output and is still profitable. The Houston company is one of the largest natural-gas producers in the US.
Canada oil could be shipped to northern seaports after Keystone rejection
The latest possible route to get Alberta oil to overseas markets will have many scrambling for an atlas. Where pelts once travelled south, petroleum may soon travel north. Alberta needs to diversify its market for bitumen beyond the US Midwest, and using a trusty old fur-trading river system may be the best way, given the current political climate, to reach Asian markets.
US oil industry seeks policy changes as EIA unveils annual energy outlook
With changes in policy, America's oil and natural gas industry could produce at home far more of the energy the nation requires, further enhancing its energy security and providing very large benefits to the economy, according to the CEO of the American Petroleum Institute.
European Union imposes ban on Iran crude imports
The 27-nation European Union agreed on Monday to block all crude-oil imports from Iran, as it steps up pressure on the Gulf nation to scale back its nuclear-enrichment program. The Council also agreed to freeze assets of the Iranian central bank within the EU.
Global oil, gas leaders see higher 2012 spending as industry confidence rises - poll
Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure in 2012 despite concerns over global economic instability, according to a new report on the future of the sector. North America is emerging as the area with the greatest opportunities in 2012, the poll shows.
Keyera acquires Canadian iso-octane plant from Neste Oil, ChevronTexaco
Competition authorities in the US and Canada have approved the sale of Neste Oil's 50% holding in an iso-octane production plant in Edmonton, Canada, to Canadian-based Keyera. The announcement was first made on December 8, 2011.
US fuel demand tanks amid low gasoline use - API
US petroleum deliveries in December 2011 were down 5.9% from December 2010, declining to an average of 18.6 million bpd to hit their lowest December level in 15 years. Overall, total petroleum deliveries (a measure of demand) fell 1.2% in 2011 to an average of 18.9 million bpd.
Chromatic acquires new valve line, boosts output at new Texas facility
Chromatic Industries is ramping up production of its key technology, the Hemiwedge valve product, at a new specialized manufacturing facility located just north of The Woodlands, Texas, having begun a full production schedule at the 30,000-square-foot facility in November 2011.
US oil groups ask EPA to cut cellulosic biofuel rule
The NPRA, API and Western States Petroleum Association jointly filed a petition Friday requesting that the US Environmental Protection Agency (EPA) waive the 2011 cellulosic biofuel volume mandate in its entirety. The groups claim no cellulosic biofuel was actually produced last year.
Sempra wins US approval to export Louisiana LNG
The US Department of Energy said Friday it has authorized Cameron LNG to export liquefied natural gas, opening the door wider for US natural gas companies to send their bounty overseas. Cameron also has to win government approval to build export facilities at the Cameron Parish site.
- Kandla Port (India) advances methanol bunkering, marks key step toward green maritime transition 4/13
- PureField Ingredients receives U.S. EPA approval for ethanol carbon capture initiative 4/13
- Eslinger Biofuels and STX Group announce landmark clean fuel partnership 4/13
- FincoEnergies and Scan Global Logistics partner on Biofuel Swap verifiable road transport CO₂e reductions 4/13
- Indian state government approves $1.2-B, first-of-its-kind bamboo-to-biomethanol facility 4/13
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal 4/13
