Crude oil
Design atmospheric aboveground storage tanks for accident prevention
The design and construction of oil, gas and petrochemical facilities is continuously improving, as increasing compliance with ever-changing codes and standards, such as the American Petroleum Institute (API) and the National Fire Protection Association (NFPA), is resulting in fewer atmospheric above-ground storage tank (AAST) accidents.
Diversification: The catalyst for the Middle East’s downstream transformation
Over the past several years, the Middle East has made substantial investments to increase its downstream processing capacity.
Industry Metrics
US product crack spreads surged amid refinery outages as Hurricane Harvey affected US Gulf Coast (USGC) refinery operations.
API: US petroleum demand last month highest for August since 2007
WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved up 1.3% compared to the same period last year.
S. Korea's KNOC refreshes Iraqi crude supplies in oil reserves
SEOUL/SINGAPORE (Reuters) — Korea National Oil Corp (KNOC) issued several tenders to buy and sell Iraqi crude from its strategic petroleum reserves (SPR) this week, three industry sources with knowledge of the matter said on Friday.
Vietnam's Sept crude oil output falls 9.9% year-on-year to 1.06 MMt
HANOI (Reuters) — Vietnam's crude oil output in September is estimated at 1.06 MMt (259,000 bpd), down 9.9% from a year ago, the government said on Friday.
Pembina Pipeline adding infrastructure, increasing Phase V pipeline expansion
CALGARY — Pembina Pipeline Corporation announced that in order to accommodate incremental volume commitments from customers, the Company is adding additional infrastructure and increasing operational flexibilities to its previously announced Phase V pipeline expansion (Phase V), which included a 20-in pipeline from Lator to Fox Creek, Alberta.
Statoil charters last of the world's largest oil tankers to hold crude for Asia buyers
SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said.
Iraqi PM's office says Turkey agrees to deal only with Baghdad on oil exports
BAGHDAD (Reuters) — Turkey told Iraq it would deal only with the Iraqi government on crude oil exports, the office of Iraqi Prime Minister Haider al-Abadi said on Thursday.
Matrix Global plan US sweet crude storage contract amid export growth
SINGAPORE (Reuters) — Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulfur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United States.
- INEOS to invest €250 MM in Lavera cracker modernization project in France 11/19
- BASF adds ISCC EU certification to certified biomass-balanced methanol portfolio 11/19
- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
