Crude oil
HP Impact: Marginal increase forecast in North American lubricant market
Marginal increase forecast in North American lubricant marketAlthough it is estimated that there will be a 3% increase in tonnage carried by private fleet operators in the US through 2016, this is exp..
HP Construction: North America
Jacobs Engineering Group Inc. has a contract from Methanex Corp. to provide engineering, procurement and construction services for a methanol production facility in Louisiana. Officials estimate the c..
HP Construction: Europe
Clariant has inaugurated what is said to be Germany’s biggest pilot plant for producing climate-friendly cellulose ethanol from agricultural waste. Located in Straubing, Bavaria, and supported by..
HP Construction: Middle East
KAR Group has announced the third expansion of its Kalak refinery to 185,000 bpd. Process units and utilities are being provided by Ventech Engineers LLC of Pasadena, Texas. Ventech has provided modul..
Enbridge, Suncor expand Canada oil sands terminal
Enbridge will construct a new 350,000 bbl tank at the Athabasca terminal as well as additional infrastructure including new booster pumps, meters and modifications to existing piping and manifolds. To meet Suncor's required in-service date, Enbridge began construction in July 2011.
BP may use sale proceeds from TNK-BP to boost stake in Russia's Rosneft
BP's commitment to Russia follows a meeting of BP chief Bob Dudley, BP chairman Carl Henric Svanberg, Rosneft CEO Igor Sechin and Russian President Vladimir Putin. "If we're successful at selling our stake, we'd be interested in buying a share in Rosneft," a BP spokesman said. BP already owns 1.3% of Rosneft.
IEA aims to halve road transport fuel use by 2050
In two reports published Wednesday, the IEA said there was massive potential for fuel efficiency improvements to reduce demand for transport fuels by 2050, even if the number of road vehicles doubles in the same period. The reports highlight technology available or about to enter the mainstream market.
ONEOK seeks shippers for proposed Bakken Shale to Oklahoma crude pipeline
The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 bpd of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla.
IEA sees high refinery activity boosting fuel supply
The Paris-based energy watchdog, which represents major oil-consumer nations, expects refiners to process around 75.7 million bpd of crude in the third and fourth quarters, 1.3 million bpdmore than in the last quarter of 2011. Behind the output rise is unexpectedly high production in developed economies.
Shell proceeds with Alberta oil sands CO2 capture
Starting in late 2015, Quest will capture and store deep underground more than 1 million tpy of carbon dioxide produced during the bitumen processing, reducing direct emissions from the upgrader by up to 35%. Shell Canada owns 60% of the joint venture, which also includes Chevron and Marathon Oil.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
