Crude oil
HP Brief
A roundup of top news in the hydrocarbon processing industry from September's issue.
HP Impact: Egypt’s role in international energy markets
Egypt’s influence is felt mainly through the operation of the Suez Canal and Suez-Mediterranean (Sumed) pipeline. In 2012, about 7% of all seaborne-traded oil and 13% of liquefied natural gas (LNG) traded worldwide transited through the Suez Canal.
HP Impact: US energy sector vulnerabilities exposed
The US Department of Energy (DOE) has released a report that assesses how critical US energy and electricity infrastructure is vulnerable to the impacts of climate trends.
HP Construction Profile: US Midwest refinery nears completion of major modernization project
In early July 2013, BP announced that it has completed the commissioning and startup of a new, 250,000-bpd crude distillation unit at the Whiting refinery, marking a major achievement in the multi-bil..
HP Industry Perspectives: A sad turn of events
Many pages in Hydrocarbon Processing have and continue to discuss the technical solutions required by the US Renewable Fuel Standard (RFS) and similar legislation. At a time when developed nations str..
PetroChina senior executives under investigation for severe violations
The disclosure by PetroChina came one day after its state-owned parent, China National Petroleum Corp., said a fourth executive was under investigation for the same reason. The phrase "severe disciplinary violations" is typically used by Chinese officials when investigating cases of alleged corruption.
India's Reliance mulls expanded role in Venezuela
Venezuela is looking for Reliance's collaboration on the construction of the $10 billion Cabruta refinery, development of the Junin 1 bloc in the Orinoco heavy oil belt, as well as an expansion of the Petroanzoategui upgrader facility, said Oil Minister Rafael Ramirez, who also heads PdVSA.
Iraq seeks consultant to manage Nassiriya oil, refining project
The December auction is scheduled to include firms such as France's Total, Russia's Lukoil, India's Reliance Industries and ONGC Videsh and several from Japan. The ministry gave no details on the cost.
US fuels demand surges to three-year high in July
US demand for distillate fuel, the umbrella group for diesel fuel and heating oil, rose 8% from a year earlier, to 3.835 million bpd, a six-year high for July. Within that figure, demand for ultra-low sulfur diesel fuel, used to power trucks and trains, was 9.1% higher at 3.661 million bpd.
Clashes erupt at oil terminals in Eastern Libya
The closure of Libya's key oil ports by striking guards and workers, which has more than halved the country's oil production in recent weeks, has helped push oil prices higher, in addition to the Egypt crisis.
- AFPM response to U.S. EPA actions on RFS small refinery waiver backlog 8/25
- Indonesia urges EU to remove biodiesel import curbs after WTO ruling 8/25
- Canada's Alberta eyes investment in Japan's refining to boost oil exports 8/25
- U.S. EPA approves biofuel waivers for small refiners, stirring concerns over demand 8/25
- Update: Russian oil supplies to Slovakia may resume as soon as today 8/25
- Liquid Sun launches eSAF production pilot with ABB, Finnair, Fortum and Finavia 8/25
