Crude oil
Sunoco completes spinoff of SunCoke Energy unit
US-based transportation fuels firm Sunoco completed the spinoff of its metallurgical coke manufacturing business SunCoke Energy. The planned separation was first announced in January 2011.
Oil India plans to buy up to $200mn in US, Australia shale gas assets
State-run Oil India plans to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions in the US and Australia as it seeks to gain expertise in the field ahead of India's plans to auction blocks in the country, a senior executive said Monday. India is seeking to tap into its shale gas resources to meet rising gas demand from power plants and factories.
Origin Oil partners with US DoE on conversion of algae into renewable crude
Renewables firm OriginOil plans to co-develop an integrated system with the US Department of Energy's Idaho National Laboratory (INL) for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries.
EU remains uncertain on timing of Iran oil embargo
A European Union embargo on Iranian oil could be enacted after a six-month grace period under one of the options being considered, but there is still no consensus on the matter. EU diplomats familiar with the discussions said Friday that while six months is one of the possible options, there is no convergence yet.
Chevron warns of weakening downstream results
Chevron expects 2011 fourth-quarter downstream earnings to be down significantly from the third quarter amid lower margins and refinery input volumes. In the US, Gulf coast refining margins fell substantially in the fourth quarter compared to the third quarter, the company said.
Samsung lands EPC contract for clean diesel unit at Qatar refinery
South Korea's Samsung Engineering has been awarded an engineering, procurement and construction contract for a clean diesel-producing unit at the Qatargas-operated Laffan refinery, as the Gulf state looks to increase refined product exports. The project will come on-stream in the 2014 first quarter.
European refinery shutdowns open doors for Indian diesel exports
Indian refiners are likely to increase their presence in Europe's diesel market as smaller, less complex European refineries come offline amid weak refining margins.
Hoover starts Pecos pipeline work in west Texas
Hoover has begun construction on Phase I of its Pecos Crossing pipeline, a 24-mile crude oil system to serve west Texas with a capacity of up to 120,000 bpd. The Pecos Crossing pipeline is scheduled to be operational in April 2012 and will be the first crude oil pipeline operating south of the Pecos River.
Philippines' Petron to invest in ExxonMobil Malaysia downstream operations
Petron said its board has approved a plan to invest in US-based ExxonMobil's downstream oil business in Malaysia, an initial overseas foray for the Philippines' largest oil refiner by capacity and sales. Petron has yet to finalize the size of the investment and the stake.
Tesoro seeks sale of Hawaii refinery, retail stations
Tesoro is planning to sell its Hawaii operations, including the 94,000 bpd Kapolei refinery, operations at 32 retail stations and all associated logistical assets, according to company officials. The refinery yield is distillate-focused and is complementary to the on-island demand for utility, jet and military fuels.
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 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
