Gasoline
Petrobras CEO pegs 2012 oil price at $100/bbl, says high levels won't last
The recent rise in global oil prices to as high as $123/bbl represented a "peak" and does not change Brazil's forecast for average prices in 2012 of $100/bbl, said Petrobras' CEO. According to Petrobras economists, oil prices could fall even lower "in the next few years," reaching $80 or $90/bbl.
GE, Chesapeake to collaborate on US natural gas fueling infrastructure
General Electric (GE) and natural gas producer Chesapeake Energy said Wednesday that they will work together to develop new infrastructure to accelerate the adoption of natural gas as a transportation fuel. The biggest hurdle to natural gas's wider use in vehicles is refueling.
HP Impact: BP’s energy outlook to 2030
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and stro..
HP Construction: North America
UOP LLC, a Honeywell company, will provide technology to produce propylene at Dow Chemical Co.’s production site in Texas. Dow Texas Operations will use Honeywell UOP C3 Oleflex technology in a n..
HP Construction: Europe
BASF will build a single-train 300,000 metric-tpy production plant for toluene diisocyanate (TDI) at its site in Ludwigshafen, Germany. It will also expand additional plants for TDI precursors by cons..
HP Construction: Middle East
Qatargas has signed an engineering, procurement and construction (EPC) contract with Samsung Engineering Ltd. for a diesel hydrotreater (DHT) unit that will treat 54,000 bpsd of diesel, from high-sulf..
HP Construction: Asia Pacific
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the group owns with Samsung as part of the Samsun..
HP Innovations: HPInnovations
IVD vacuum vessel aids in corrosion prevention   Fig. 1. The IVD vacuum vessel   applies aluminum coatings for   corrosion protection.  Thermal processing systems manufac..
US sees lower 2011 oil use, becomes net exporter
US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.
Obama defends energy policy, blames Middle East turmoil for rising US gasoline
President Barack Obama defended his energy policy from Republican attacks that he has not done enough to counter the recent run-up in gasoline prices. Obama said that more drilling will not bring down the price at the pump. In fact, the US is producing more oil than at any time in the last eight years, he said.
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- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
