Crude oil
BP given brunt of blame in final Gulf oil spill report
A final investigation report released by US regulators on Wednesday found BP largely at fault in the Deepwater Horizon rig explosion and resulting oil spill in April 2010.
Shell mulls new Louisiana-to-Texas crude pipeline
Shell Pipeline Co. is considering building a new pipeline segment (Westward Ho) to move crude from St. James, Louisiana to the Golden Triangle area of southeast Texas, the company said on Wednesday.
IEA cuts global oil demand outlook, citing economy
Market observers are puzzled over the ‘paradox’ of weakening economic growth and oil demand indicators on one hand and $110/bbl crude on the other, according to the International Energy Agency (IEA), which on Tuesday cut forecasts for oil demand growth in 2011 and 2012.
Enbridge to twin its Canada oil sands pipeline
Enbridge will twin the southern section of its Athabasca Pipeline from Kirby Lake, Alberta, to the crude oil hub in Hardisty, Alberta, at an estimated cost of approximately $1.2 billion. The twin line will initially add approximately 450,000 bpd of capacity between these points, with low-cost expansion potential to 800,000 bpd, the company said.
Gulf oil production returns to near normal after Lee
Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs and restoring production following Tropical Storm Lee, with production in the region returning to near normal after being more than 60% shut earlier in the week. However, another storm may loom in the near future.
NPRA blasts Obama on jobs, seeks less regulation
The US-based National Petrochemical & Refiners Association (NPRA) sharply criticized Thursday’s speech from President Barack Obama on creating jobs in the US, asking for relief from “unwarranted regulatory burdens”.
BP sells stakes in southern Africa fuels marketing
BP has completed the sale of its fuels marketing businesses in Namibia, Botswana, Zambia, Malawi and Tanzania to Puma Energy. The sale of the final business in Tanzania completed on September 1, the company said.
Cameron inks services pact for offshore oil work of Brazil's Petrobras
Cameron has renewed an agreement with Petrobras for the supply of aftermarket services and support for their developments in offshore Brazil.
US shale advantage to dissipate in future - study
The US shale advantage makes US petrochemicals made from methane and ethane more competitive, but that advantage, accruing mostly to ethylene, dissipates over the next 20 years, according to a new study from Probe Economics.
Nustar to modify, expand South Texas pipelines as Valero seeks more Eagle Ford crude
NuStar Energy has entered into an agreement with Valero in which NuStar will modify existing sections within its South Texas pipeline system and build new sections to transport Eagle Ford and other crude oils.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- 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
