Crude oil
Husky shuts Lima refinery in Ohio for repairs
Husky Energy has temporarily suspended production at its refinery in Lima, Ohio, in order to carry out repairs on a crude unit furnace, the company said on Wednesday.
IEA seeks increased cooperation with China
After a decade of high growth led to China becoming the world’s biggest energy consumer, International Energy Agency executive director Nobuo Tanaka says that closer alignment with the IEA would be of mutual benefit.
Canada issues patent for new heavy oil upgrader
Executives with Ivanhoe said that a new patent was issued in Canada related to Ivanhoe's proprietary HTL (heavy-to-light) heavy oil upgrading process. The new patent, issued in the name of Ivanhoe Energy, covers petroleum applications of the core HTL process and protects the HTL process itself as well as the upgraded products produced from the HTL process.
US refiner Sunoco expands retail fuels network into Alabama
US refiner Sunoco announced Tuesday that it has added 13 new Sunoco-branded sites to its growing network of more than 4,900 retail locations selling transportation fuels and convenience items.
Mississippi ranked as world's top spot for oil and gas investment
Mississippi is ranked as the top place in the world for oil and gas investment, according to the opinions of international petroleum executives and managers in the annual Global Petroleum Survey, released today by the Fraser Institute.
Total unloads UK downstream marketing assets
Total has signed a sale and purchase agreement to sell most of its marketing assets in the UK, the Channel Islands and the Isle of Man to Rontec Investments, a consortium led by Snax 24, an independent forecourt operator in the UK.
Release of strategic oil reserves: New form of economic stimulus
On June 23 International Energy Agency (IEA) members announced the release of 60 million barrels of strategic oil reserves over a month—the equivalent of 2 million barrels per day (bpd) for 30 days. Half of this amount—30 million barrels—will come from the US Strategic Petroleum Reserve (SPR), which currently holds 726.5 million barrels of crude. The release of 60 million barrels over 30 days will temporarily increase world oil supply by about 2.3 percent.
IEA nations to tap oil reserves as supply disruptions continue in Libya
International Energy Agency (IEA) executive director Nobuo Tanaka announced Thursday that the 28 IEA member countries have agreed to release 60 million bbl of oil in the coming month in response to the ongoing disruption of oil supplies from Libya.
NPRA blasts US role in opening of oil reserves
The National Petrochemical & Refiners Association (NPRA) criticized the decision by the Obama administration to contribute 30 million bbl of oil from US strategic reserves, part of 60 million bbl to be tapped by International Energy Agency (IEA) member countries.
Transocean blames BP in new Gulf oil spill report
Transocean announced the release of an internal investigation report on the causes of the April 2010 Macondo well incident in the Gulf of Mexico, blaming rig operator BP for failing to properly assess, manage and communicate risk to its contractors.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 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
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
