Crude oil
HP Viewpoint: Refiners have a new learning curve with shale oil
We’ve all heard the news reports: “Shale resource developments have the potential to make the US energy independent for the first time since 1952.” The long-term impact of shale resourc..
HP Brief: Brief
Galveston Bay refineryMarathon Petroleum has closed its transaction with BP to purchase several assets, including the 451,000-bpd refinery located in Texas City, Texas. The refinery will be renamed an..
HP Industry Perspectives: EU leans forward on clean-fuel strategies
In late January 2013, the European Commission (EC) announced ambitious measures to ensure the buildup and standardization of alternative fueling stations across Europe. Much of the earlier EC policy i..
TransCanada expects Keystone XL approval soon
TransCanada, which has been waiting for White House approval for the 830,000 bpd pipeline expansion for years, expects to receive the necessary permit "by the first half of 2013," according to Paul Miller, a senior vice president in charge of oil pipelines. He spoke on the sidelines of a Houston conference.
Sunoco Logistics cleaning East Texas pipeline spill
The cause of the spill is being investigated. The oil leaked out of the pipeline Saturday into Otter Creek in Tyler County, Sunoco Logistics said. The oil did not reach the Neches River, which is connected to the creek, according to Tyler County Emergency Management Coordinator Dale Freeeman.
ConocoPhillips looks to reduce stakes in Australian LNG, Canadian oil sands
ConocoPhillips already announced plans to shed billions of dollars in assets to focus on core areas of its portfolio, particularly in unconventional formations in the US. The company plans to "rebalance" its portfolio over time and "lighten up" on these high costs projects in order to keep costs of supply low.
US demand for oil, products drops to historic lows
Demand for all major petroleum products was lower in 2012, led by a near 400,000-bpd decline in gasoline demand. Gasoline use fell 0.6% to an average of 8.703 million bpd, the weakest level in 11 years. Gasoline is the most widely used petroleum product in the world's biggest oil consumer.
Magellan to buy refined product pipelines of Plains in Rocky Mountain region
The assets to be sold from Plains include a pipeline system that delivers refined products throughout Wyoming, South Dakota and Colorado and associated tankage, as well as a pipeline system that delivers refined products from El Paso, Texas, to Albuquerque, N.M., and Juarez, Mexico.
API appeals E15 gasoline rule to US Supreme Court
The group alleges that had EPA stayed within its statutory authority and followed proper procedures, it would have waited until ongoing E15 testing on engines and fuel systems was completed before allowing the use of E15. Then it would have found that E15 is not safe for numerous vehicles.
US crude rail deliveries hit record high, still rising
Refiners increasingly depend on rail cars to bring in the oil being produced in increasing quantities throughout the US and Canada. Innovations in drilling techniques have allowed oil companies to cull oil from shale formations faster than pipeline companies can connect the wells to market.
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- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Technimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
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- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
