Americas
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.
Albemarle launches electronic materials business
US specialty chemicals producer Albemarle has officially announced the formation of its Electronic Materials business unit. The business has already begun selling commercial quantities of ultra high purity trimethyl gallium (TMG) and triethylgallium (TEG) under its new PureGrowth brand name.
Keystone XL ruling shows need to diversify energy exports - Canada minister
Obama's decision to deny TransCanada a permit for Keystone XL underlines the need for Canada to diversify its energy exports, with particular focus on China, the official says.
- Argentina raises biofuel prices for domestic market 7/14
- Technip Energies' develops low-emission furnace design to reduce the carbon footprint of ethylene production 7/14
- Biofuel demand to soak up more than half of U.S. soyoil production next year, USDA says 7/14
- Russia's June seaborne oil product exports down 3.4% m/m 7/14
- Serbia seeks fifth U.S. sanctions waiver for Russian-owned oil firm NIS 7/14
- EIA: U.S. hydrocarbon production supported by export growth in long-term projections 7/14
