Crude oil
Shell to expand Athabasca oil sands as CEO sees Canada output growing
Shell will expand its Athabasca oil sands project by a third by the end of the decade, and Canada will make up a larger share of Shell's energy production over that period, CEO Peter Voser said. That would bring the project, in which Shell owns 60%, to at least 335,000 bpd of production.
Petrobras targets domestic market for refining unit
Costs associated with transporting oil products to hubs in Europe, the US and Asia make it less practical than using production domestically in Brazil, an executive said.
Refinery upkeep costs poised to rise, says Tyco
Refinery maintenance will likely become more expensive in the next few years as operators have to make costly changes to comply with new environmental regulations.
Enterprise, Enbridge finish reversal project for US Seaway crude pipeline
Enterprise Products and Enbridge announced that modifications to the Seaway crude oil pipeline allowing it to transport crude oil from Cushing, Oklahoma to the US Gulf Coast have been completed. The first flows of crude oil into the line are expected to begin this weekend.
US oil demand rising in gasoline, down for jet fuel
US gasoline deliveries were up 0.9% in April to 8.8 million bpd, monthly API trade data showed, continuing a positive domestic trend for the segment. However, April jet fuel and residual fuel deliveries declined, leading to a 0.3% drop in overall petroleum demand for the month.
Imperial Oil exploring sale of Nova Scotia refinery, may convert to terminal
Imperial Oil will explore selling its 88,000 bpd Dartmouth refinery in Nova Scotia, citing rising global competition and lower demand for refined products. The company, which ExxonMobil holds a majority stake in, said it will also consider conversion to a terminal, as well as other alternatives.
Enbridge to expand Canada, US oil pipeline system
Enbridge said Wednesday it's moving ahead with C$3.2 billion ($3.2 billion) in pipeline expansions, mostly to send more crude oil from Canada and North Dakota to the Midwest and eastern Canada. The expansions will accommodate rising crude oil production in Canada and the western US.
UK fuel tanker drivers avert strike after close vote
A threatened strike by fuel-tanker drivers has been avoided after members of the drivers' union voted to accept a deal offering common safety standards and training, as well as an accreditation scheme for drivers. The deal was reached after eight days of talks at the UK arbitration group Acas.
IEA predicts sharp rise in global refining production
Refiners are poised to ramp up production after seasonal spring maintenance and expected stronger demand for oil products through the summer, the IEA says. Fuel demand traditionally picks up in the northern hemisphere summer but especially in the US, the world's largest oil consumer.
Qatar looks to buy stakes in oil giants Shell, Eni
Qatar's sovereign wealth fund, continuing its recent splurge on overseas assets, is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and Italy's Eni. Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in Qatar, and a 3% stake in Italian oil giant Eni.
- 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
