Middle East
BP outlook shows North America shale oil boom putting pressure on OPEC
BP's forecasts illustrate the extent to which the North American boom, first in shale gas production and now in shale oil, has redrawn the global energy map. However, the company doesn't expect the shale revolution to spread by 2030 on any great scale to Asia or Europe.
IEA says Middle East oil producers are increasingly accepting renewables
Many Gulf countries have made ambitious plans for increasing the share that renewables play in their energy mix. Top oil exporter Saudi Arabia has said it will adopt a renewable energy program at the start of 2013 while Kuwait said in December that it aims to produce 15% of its energy from renewables by 2030.
Qatar, Shell bring new GTL jet fuel to market
GTL jet fuel blended with synthetic paraffinic kerosene (SPK) at the Pearl GTL plant in Qatar is now flowing into airplane tanks at Doha International Airport.
Forecast: 1 million new NG-fueled vehicles to hit global roads by 2019
Pike Research recently issued a forecast calling for the sale of nearly 1 million new natural gas-fueled trucks and buses on roads worldwide between 2012 and 2019.
Saudi Arabia slashes oil production in December
As demand for crude from the Organization of the Petroleum Exporting Countries falls this year, the Saudi cut shows that the kingdom, "still wants to have, and does have, the role as the swing producer in the market," said Thina Saltvedt, a senior oil market analyst at Nordea Bank Norge.
Chevron sees weaker US, global refining margins
During the first two months of the fourth quarter, US refinery crude-input volumes decreased by 77,000 bpd compared to the third quarter, driven primarily by the continued shutdown of the Richmond, California refinery crude unit. International refinery crude-input volumes increased 9,000 bpd.
Egypt removes anti-dumping fees on polypropylene imports from Saudi Arabia
The north African country has been investigating since April protective measures and anti-dumping fees imposed on Saudi imports due to claims that they are damaging its industry, Prince Salman said. The investigation discovered that the damage was caused by other factors.
US advocacy group calls on Sasol to terminate Iran polyethylene business
Sasol maintains an active presence in Iran through the Arya Sasol Polymer Company (ASPC), which operates two polyethylene plants in Iran. The company is a $900 million joint venture between Sasol and Iran's state-owned National Petrochemical Company (NPC).
Saudi Arabia secures diesel imports for this year amid rising fuel needs
Saudi Aramco has bought diesel under term contracts for 2013 from multiple suppliers including BP, Shell, and Phillips 66, Singapore-based traders say. The country used to be a key exporter of oil products but is increasingly importing more oil products due to strong domestic demand.
Optimize LNG boil-off gas systems for regasification terminals
Depending on LNG composition, N2 content and plant operating mode, an operating pressure of 7 barg to 8 barg was found by the study to be the optimum pressure range.
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