Refining
Hess to explore sale of St. Lucia oil terminal
Hess Corp. announced Monday that it is exploring the sale of its St. Lucia crude oil and refined products storage and transshipment terminal in the Caribbean. The news comes two months after Hess unveiled plans to shut down its Hovensa refinery venture in St. Croix.
Eni sees 2012–2015 output growth above 3% per year on higher capex
Eni SpA, Italy's biggest oil and natural gas company by volume, said Thursday that its new, four-year, EUR59.6 billion investment plan estimates average annual hydrocarbon production growth of more than 3% through 2015.
Essar commissions diesel hydrotreater unit in India
Essar Energy plc, the India-focused integrated energy company, announced that Essar Oil Ltd. has successfully commissioned diesel hydrotreater unit 1 (DHDT-1) as part of the Phase I expansion at its Vadinar refinery in India.
Sinopec orders advanced water treatment system for Yangzi complex
Siemens Industry Automation Division is providing another Zimpro wet air oxidation (WAO) system to treat wastewater at Sinopec Yangzi Petrochemical Co., Ltd.'s facility, near the Yangzi River in Jiangsu Province, People's Republic of China.
Total signs on for new refining project in China
Total signed a comprehensive memorandum of understanding (MOU) with Kuwait Petroleum International (KPI) and Petrochemicals Industries Co. (PIC) for the planned development of a 300,000 bpd full-conversion refinery integrated with petrochemicals complex with Sinopec.
National fuel-retailing association speaks out on rising transportation fuel prices
"The retail fuels market is a complex system that is influenced by a wide number of factors. The best strategy for providing long-term relief and stability to consumers is to enact a comprehensive transportation energy policy," National Association of Convenience Stores (NACS) Vice President of Government Relations, John Eichberger, told Congress.
EIA raises oil price forecast for 2012
In its March "Short-Term Energy Report," the DOE/EIA raised its oil price forecast for 2012 to $106/bbl, up $5/bbl from the previous forecast amid concerns over geopolitical tensions in the Middle East, growth in world demand and supply constraints in non-OPEC countries.
OPEC pins high oil prices on speculators, IEA warns of supply woes
Leaders of some of the world's largest oil producing nations Wednesday pinned current high oil prices primarily on market speculators, just as consuming nations warned that even present increased output levels are being more than offset by numerous supply problems.
Petrobras to boost gasoline, diesel imports in 2012
Brazil's Petrobras will need to import more gasoline and diesel fuel in 2012 as the company's refineries continue to fall short of domestic demand, Petrobras downstream director Paulo Roberto Costa said. Petrobras is also suffering from delays to refinery projects that will help trim the company's shortfall.
API sues EPA over US cellulosic biofuel mandate
The API) filed a lawsuit with the DC Circuit Court challenging what it called “unachievable requirements” from the US EPA for use of cellulosic biofuels in the 2012 Renewable Fuel Standard (RFS). The API recommends that EPA base their prediction on at least two months of actual production data.
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
