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HP Construction: Africa
ABB has started up a new lube-oil blending plant (LOBP) built by Oryx Lubrifiants Togo SA, an affiliate of Oryx Oil and Gas, part of the Addax and Oryx Group, in Togo, West Africa. Located in the free..
BP may sell stake in Russian crude venture TNK-BP
BP said Friday that it had received unsolicited indications of interest regarding the potential acquisition of its 50% stake in Russian crude oil venture TNK-BP. The company was formed in 2003 as the result of the merger of BP’s Russian oil and gas assets and the assets of Alfa Access Renova.
Motiva inaugurates major Texas refinery expansion
Executives of the companies that jointly own Motiva - Peter Voser, CEO of Shell, and Khalid Al-Falih, CEO of Saudi Aramco - turned the ceremonial valve commemorating the start of oil flowing through new processing units at the complex. The expanded refinery can process a wider variety of crude oils.
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.
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