Crude oil
US oil demand falls in March, gasoline use up - API
Total petroleum deliveries (a measure of demand) slipped 1.3% in March compared with March 2011, but gasoline deliveries were up 3%, according to monthly data from the API. US gasoline production of 9.3 million bpd set a record for any March and for any comparable year-to-date period.
Iran accuses Saudi Arabia of breaking OPEC ceiling
Iran accused Saudi Arabia of breaching a collective OPEC agreement, reviving fears that the group could fracture again when it meets in June. Any new split within the group - which is set debate output again mid-June - could impede its ability to both coordinate production and to keep a lid on price volatility.
Statoil sells fuel, retail unit, turns focus to upstream
Statoil joins a long string of oil majors offloading their retail holdings and leaving a challenging market where profits are pressured by high crude oil prices. The deal will give Canadian buyer Alimentation Couche-Tard around 2,300 fuel stations across Scandinavia, Poland, the Baltics and Russia.
CB&I to build storage tanks for Kinder Morgan oil terminal in Canada
CB&I has been awarded a storage tank contract, valued in excess of $55 million, by Trans Mountain Pipeline, operated by a subsidiary of a Canadian subsidiary of Kinder Morgan. The project is scheduled for completion in 2013 and will go in the company’s books as a first quarter 2012 award.
Brazilian miner Vale, oil major Petrobras to unveil joint projects next month
Brazilian mining company Vale and oil and gas company Petrobras will announce joint projects in a month's time. Vale and Petrobras, Brazil's biggest companies by market value, last Friday signed an accord to undertake joint projects in areas including fertilizer raw materials and oil and gas.
Oiltanking to raise crude storage at Texas terminal
Oiltanking announced a $104 million expansion project to construct 3.2 million bbl of new crude oil storage capacity at its Houston terminal facility. All environmental and internal approvals are in place, and the additional capacity is expected to be placed into service in the fourth quarter of 2013.
Enterprise, Enbridge speed up Seaway oil pipeline reversal in US
The Seaway pipeline reversal designed to help ease the glut in Cushing, Okla., will begin delivering crude oil to Gulf Coast refineries earlier than expected, a spokesman for the project said. The reversal had been expected to start up by June 1, but now could begin around May 17.
Enterprise forms partnership to build NGL pipeline from Colorado to Texas
Enterprise Products, Anadarko Petroleum and DCP Midstream agreed to build a new NGL pipeline that will start in the Denver-Julesburg Basin in Weld County, Colorado, and extend 435 miles to Skellytown, Texas. Enterprise will build and operate the pipeline, which begins service in the 2013 fourth quarter.
Singapore to study LNG bunkering amid search for cleaner marine fuels
Singapore maritime officials are studying the feasibility of LNG bunkering in Singapore in collaboration with DNV and 21 industry partners. The industry is looking to LNG as a cleaner marine fuel to meet international regulations as LNG has lower emissions compared with conventional marine diesel oil.
Sunoco Logistics plans WTI crude pipeline from west Texas to Gulf
Sunoco Logistics Partners is seeking customers for a proposed pipeline that would transport crude oil from West Texas to the Gulf of Mexico, the third such pipeline the company has proposed since February. The pipeline should be operational by 2013, the company said.
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Tecnimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
