Crude oil
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.
US oil policy changes could create 1.4mn jobs – API
US oil and natural gas policy changes could generate more than 1.4 million new jobs, $800 billion in additional government revenue, and 10 million bbl worth of added daily oil and natural gas production by 2030, according to a study by Wood Mackenzie released by the American Petroleum Institute (API).
Sunoco to exit refining, seek sale of two US units
Sunoco plans to exit the refining business and has begun a process to sell its refineries located in Philadelphia and Marcus Hook, Penn., the company said on Tuesday.
US Gulf oil production remains 60% shut after Lee
Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs following Tropical Storm Lee, with more than half of oil production still shut in.
Murphy Oil to sell La. refinery to Valero for $625mn
Murphy Oil has agreed sell its 125,000 bpd refinery and related assets in Meraux, Louisiana, to Valero for $325 million in cash plus the value of hydrocarbon inventory, putting the overall sale value near $625 million.
Halliburton files Gulf oil spill lawsuit against BP
Halliburton on Thursday filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the Deepwater Horizon incident on April 20, 2010.
US Gulf producers shut in nearly half of oil capacity amid Tropical Storm Lee
Oil and gas operators around the Gulf of Mexico have begun evacuating platforms and rigs due to Tropical Storm Lee, with nearly 48% of oil capacity and 33% of natural gas production shut in. Lee intensified to become a tropical storm on Friday, according to the US National Hurricane Center (NHC), packing winds of 40 miles/hour.
Refining outlook: Capacity expansion and rationalization
Many factors are reshaping the global refined products industry, leading to inevitable change
Understand differences between thermal and hydrocracking
Successful operation and product yields are controlled by reactions at the molecular level
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