Crude oil
Baker Hughes selected by Terra to manage Russia oil and gas assets
Terra Resources, a London-based independent oil and gas firm, said Wednesday that it had picked Baker Hughes to manage the development of its oil and gas assets in Russia.
Shipper commitments sought for proposed Cushing-to-Houston crude oil pipeline
Enterprise Products and Energy Transfer announced on Wednesday the start of a binding open commitment period for available capacity on the proposed crude oil pipeline from Cushing, Oklahoma, to Houston. The pipeline would be designed and constructed as part of a 50/50 joint venture between the two partnerships.
Honeywell to begin work on new transportation fuels refinery in Iraq
UOP LLC, a Honeywell company, said Wednesday that its technology has been selected for a new transportation fuel refinery to be built in Iraq, with design to begin in the second quarter of 2011.
Oil industry job site notes massive yearly decline from Libya amid civil unrest
Oil and gas industry job site OilCareers.com expressed concern over the Libyan market, citing a drastic decline in visits from the country. In April 2010, 4,149 visits were recorded. But in April this year, there were only 13 visits amid the nation’s ongoing civil war, officials said on Wednesday.
NPRA urges approval of Keystone XL pipeline as House committee holds hearing on issue
Charles T. Drevna, president of the National Petrochemical & Refiners Association (NPRA), issued a statement on Monday in support of proposed legislation that would require the Obama administration to decide by Nov.1 whether to approve construction of the Keystone XL pipeline, which would transport oil from western Canada to refineries in Texas.
US can curb carbon emissions while boosting oil production - university study
The US should accelerate efforts to pursue carbon capture and storage (CCS) in combination with enhanced oil recovery (EOR), a practice that could increase domestic oil production while significantly curbing emissions of carbon dioxide (CO2), according to a report from the Massachusetts Institute of Technology (MIT) and the University of Texas at Austin.
China’s Sinopec, Kuwait Petroleum to begin building $9 billion refining complex in Q1 2012
China’s top refiner Sinopec and state-run Kuwait Petroleum Corp. (KPC) will begin construction of their $9 billion joint venture refining and petrochemical complex in China during the 2012 first quarter, reports said on Monday.
US petroleum demand rises in April as distillate gains offset lower gasoline use - API
A strong increase in distillate fuel demand this April over a year ago drove an overall rise in petroleum product demand, offsetting a decline in gasoline demand, the American Petroleum Institute (API) trade group said on Friday.
IEA warns that high oil prices are hurting economy, seeks additional supply for refiners
The governing board of the International Energy Agency (IEA) says it has serious concerns that that the rise in oil prices is constraining the global economic recovery. In a statement issued on Thursday, the board said there was a “clear, urgent need for additional supplies on a more competitive basis to be made available to refiners to prevent a further tightening of the market”, particularly given the seasonal increase in demand from May to August.
Fuel prices unlikely to deter Memorial Day travel – US auto group
The American Automobile Association (AAA) projects 34.9 million Americans will travel 50 miles or more from home during the approaching Memorial Day holiday weekend, a slight increase of 0.2% – or 100,000 travelers – from the 34.8 million people who traveled one year ago.
- 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
