Refining
Essar Energy sees improving UK refining margins
Essar is now processing 11 crude grades at Stanlow, enabling it to take advantage of lower cost opportunities, and it said a new natural-gas supply, to fuel the plant's boilers, will allow more flexibility in the choice of crude oils it processes. Gross refining margins were $8.03/bbl in the period.
Enbridge forms US venture to ship Bakken crudes
The Enbridge joint venture with Canopy will be the largest unit-train facility able to receive crudes from North Dakota, where production is booming, directly into Philadelphia-area refineries. By early next year, its Bakken expansion program will add 200,000 bpd of export pipeline capacity.
AFPM files petition for 2013 biodiesel volumes
The rule increased the volume of biomass-based diesel from 1 billion to 1.28 billion gallons.
Russian government approves Rosneft's TNK-BP acquisition
Russia's government has approved state-controlled oil giant OAO Rosneft's $55 billion acquisition of TNK-BP from BP and its partners.
Operational improvements proposed at Pine Bend refinery
The projects are expected to improve reliability, reduce key emissions and improve the refinery's ability to convert crude oil into transportation fuels.
OMV to divest 45% stake in Bayernoil by 2014
Austrian oil and gas company OMV AG will divest its 45% stake in German refinery Bayernoil Raffinerie GmbH by 2014, according to material presented by the company at its London media summit.
BridgeTex pipeline to deliver crude from Permian Basin to Houston Gulf Coast
The pipeline will transport up to 300,000 bpd of crude oil, with access to Houston Ship Channel refineries, Texas City refineries and other refineries throughout the Gulf Coast.
Repsol looks to Argentina for YPF compensation
The chairman of Spanish oil major Repsol said the company hopes to arrive at an agreement with the Argentinean government for the nationalization of Repsol subsidiary YPF in April. Argentina seized control of YPF after accusing Repsol of not investing enough in the unit.
REG makes second US biodiesel facility acquisition in three weeks
The US-based Renewable Energy Group (REG) has announced the purchase of a 15-MMgpy biodiesel production plant near Atlanta, Georgia. The company has not yet set a production date for the restart of the facility, which has operated intermittently since January 2008.
BP plans share buyback to stave off takeover bids
The £4 billion share buyback could take place as early as next year. According to the paper, the huge buyback could take place as early as next year. Directors at the oil major are alert to the possibility of an opportunistic bid from a cash-rich rival and have had a defense document on standby for weeks.
- Shell Catalysts & Technologies, Technip Energies sign global alliance agreement for carbon capture delivery 7/17
- KBR wins FEED contract for KEPPT’s fertilizer facility in Iraq 7/17
- EIA: U.S. crude stockpiles fall as exports rise; fuel demand drops 7/17
- Uruguay SAF project gains momentum with Velocys Onboard as FT licensor 7/17
- Targray teams up with SABA to streamline SAF procurement 7/17
- Moeve and Zaffra sign Memorandum of Understanding to develop eSAF facilities in Spain 7/17
