Crude oil
US shale boom lifts petrochemical exports - report
The US shale gas exploration and production boom continues to fuel significant cost advantages for North American commodity chemicals producers as relative costs of natural gas and oil-based feedstocks remain far apart, according to a new report from credit-watch firm Fitch Ratings.
Enterprise, Enbridge plan Cushing-to-Gulf pipeline
Enterprise Products and Enbridge are planning to design, construct and operate a new pipeline to transport crude oil from the oversupplied Cushing hub in Oklahoma to the Texas Gulf Coast refining complex outside Houston.
Shell shuts down large Singapore refinery after fire
Shell is in the process of shutting down its 500,000 bpd refinery in Pulau Bukom, Singapore, following the recent fire at the facility, company officials said on Thursday. The fire, which began on Wednesday and may have been started during maintenance work, has been extinguished. However, there are still traces of fuel vapor, according to Shell officials.
API seeks delay of US EPA refinery emissions rules
The American Petroleum Institute (API) is asking the US Environmental Protection Agency (EPA) for additional time to make comments on EPA's proposed rules for emissions from the production of oil and natural gas. API also asked for the EPA to delay its proposed rule for refinery emissions to allow adequate time for EPA to review emissions data submitted by industrial facilities this month, it said.
ConocoPhillips to sell or shut Pennsylvania refinery
ConocoPhillips is seeking to sell its 185,000 bpd refinery in Trainer, Pa., and associated pipelines and terminals, the company announced on Tuesday. ConocoPhillips will immediately begin the process of idling the facility and will permanently close the plant in six months if a sales transaction is unsuccessful, it said.
LyondellBasell to close 105,000 bpd France refinery
LyondellBasell will shut down operations at its 105,000 bpd refinery in Berre, France, after failing to find a buyer for the facility. As a result, refinery operator Compagnie Petrochimique de Berre (CPB) will soon begin work on a project to cease refinery operations, the company said.
Axens technology picked for Saudi Aramco refinery
Axens' technologies have been selected by Saudi Aramco for use in its Jazan refinery and terminal project, the company said on Friday. The refinery, scheduled to be commissioned in December 2016, will have a capacity of 400,000 bpd.
US petroleum demand rose slightly in August - API
Total US petroleum deliveries, used to measure demand, rose slightly in August to 19.7 million bpd compared with August a year ago, with demand for gasoline and distillates moving in opposite directions, according to the American Petroleum Institute (API).
Oiltanking, PERN sign JV for Poland liquids terminal
Oiltanking and petroleum logistics firm PERN have signed a joint venture to jointly develop and construct a terminal for the storage and handling of bulk liquids in the Port of Gdansk, Poland. The terminal will potentially be able to store and handle crude oil, refined oil and petrochemical products.
Plains to expand Louisiana crude terminal in 2012
Plains All American Pipeline said it is proceeding with the fourth phase of an expansion at its terminal facility in St. James, Louisiana. This expansion will include construction of an additional 1.2 million bbl of crude oil storage capacity and is targeted to be completed in the third quarter of 2012 at a cost of approximately $50 million.
- TotalEnergies and Bapco Energies launch BxT Trading, a new player in the trading of petroleum products in the Middle East 1/14
- Advent Technologies and Airbus expand fuel cell technology for the aviation industry 1/14
- Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms 1/14
- Moeve supplies SAF to Condor flights from Tenerife South Airport to several German cities 1/14
- Chinese refiners' 2025 oil imports, December inflows both hit record highs 1/14
- Vietnam's Nghi Son refinery processes first batch of non-Kuwaiti crude oil 1/14
