Crude oil
Petroplex to build major Louisiana liquids terminal
Petroplex International says it has raised capital to move forward with plans to build a $600 million bulk liquid terminal in St. James Parish, Louisiana, with a projected initial storage capacity of 4 to 6 million bbl. Construction is expected to commence during the first half of 2013, with start up in 2014.
Exxon restarts part of Louisiana pipeline after spill
ExxonMobil Pipeline Co. has restarted part of its North Line oil pipeline in Louisiana, which was shut down April 28 because of a leak, Reuters reported Monday citing a spokeswoman. The stretch of North Line affected by the leak, northwest of Baton Rouge, remained shut, according to the company.
HollyFrontier CEO says US fuel markets are healthy
HollyFrontier expects to increase its refining rate by 3% in the second quarter after finishing refinery maintenance at the beginning the year. Despite forecasts of a lackluster fuel demand amid a sluggish economy, HollyFrontier has seen solid fuels sales in its home region, its CEO said.
TransCanada resubmits Keystone XL application
TransCanada says it resubmitted an application for a US permit for its controversial Keystone XL oil-pipeline expansion, rejected by the White House earlier this year after it became a political flashpoint before this year's presidential election. The White House acknowledged receipt of the application.
Enterprise to raise Texas propane export capacity
In response to increased demand for propane from international markets, Enterprise has started a debottlenecking project on its existing export facility to increase propane export capacity by up to an additional 100,000 bbl per month. The work is expected to be completed by June 30, 2012.
Exxon Louisiana pipeline remains shut after oil spill
ExxonMobil said Wednesday that the North Line crude pipeline in Louisiana remains shut down after an oil spill occurred over the weekend and that cleanup operations continue. The North Line originates in St. James, La., and transports oil to the northern part of the state.
Shell to start up Ho-Ho oil pipeline reversal in 2013, carry crude from Houston
Shell Pipeline successfully concluded the binding open season period for firm capacity on the Houma-to-Houston pipeline system reversal project (Ho-Ho Reversal). The Ho-Ho Reversal project is expected to complement the new pipeline infrastructure that is currently being built to the Houston area.
OTC '12: Global operators see access challenges
While ample evidence exists to effectively debunk the peak oil theories, locating and extracting reserves that are more than capable of meeting future demand remains a primary challenge going forward.
HP Insight: The HPI uses technology when solving global problems
Research and development (R&D) has been the platform to support new methods to process transportation fuels and petrochemical products from hydrocarbons. So, how much of the R&D was just straight rese..
HP Construction: Latin America
The Siemens Industry Automation Division will equip the Refineria de Cartagena S.A. (Reficar) refinery in Cartagena, Colombia, with an integrated water-treatment solution that is to form the heart of ..
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