Refining
HP Industry Perspectives: 2012: Is it over yet?
According to a year-end report from the American Chemistry Council (ACC), the global economy is still stumbling three years after the “great recession of 2008.” The Euro area is challenged t..
HP Impact: US crude production hits 15-year peak
The US Energy Information Administration (EIA) reports that US crude oil production (including lease condensate) averaged almost 6.5 million bpd in September 2012, the highest volume in nearly 15 year..
HP Impact: Canadian oil sands GHG emissions scrutinized
IHS has released an update to its 2010 report comparing the greenhouse gas (GHG) emissions from fuels made from Canadian oil sands to those from other crude sources. The new analysis found that total ..
HP Innovations
FLNG needs offshore know-howMore and more developers are considering floating liquefied natural gas (FLNG) as a strong option for monetizing gas resources. The sustained work over the last five years ..
Petro Rabigh to halt Saudi refinery operations for necessary maintenance
Petro Rabigh said supplies of power and steam had been interrupted from its provider, which forced the firm to stop its operations. The firm utilizes 400,000 bpd of crude oil and 1.2 million tpy of ethane as primary feedstock to produce several refined petroleum products and petrochemical products.
Petroequador to double Amazonas refinery output
The director of Equador's state-owned oil company says the aim is to raise capacity at the refinery to 40,000 bpd, up from the current 20,000 bpd. Imports of refined products cost Ecuador an estimated $4.0 billion a year. The government plans to reduce the amount of imported petroleum products.
PetroChina boosts Lanzhou refinery jet fuel yields with new hydrodesulfurizer
The refining unit, known as a hydrodesulfurizer, will help the PetroChina subsidiary produce 1 million tpy of jet fuel, making it the largest jet-fuel production base in western China, parent company China National Petroleum Corp. said Monday in an in-house newsletter.
Chinese, Cambodian firms to jointly build first oil refinery in Cambodia
Sinomach China Perfect Machinery will carry out construction of the refinery. Construction is expected to complete by end-2015, Xinhua said, without mentioning a start date. Upon completion, the plant will have the capacity to refine 5 million tpy of oil products, equivalent to about 100,000 bpd,
US gasoline demand rises 4.5% from prior week
The 4.5% increase to 4.5% to 8.95 million bpd came as gasoline prices sank 15 cents per gallon over the Dec. 7-21 period. Gasoline prices are now at their lowest level in a year and are flat compared with last year's level, said John Gamel, gasoline analyst for MasterCard Advisors SpendingPulse.
PdVSA holds meetings with Repsol, Eni to discuss fuel, energy ventures
In a statement released Wednesday, PdVSA, as the Venezuelan company is known, didn't specify what the discussions with Repsol would include. It noted, however, the state entity is in the process of "reviewing and advancing" agreements with its Spanish counterpart, as well as Italy's Eni .
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