Refining
US business lobby likes Obama plan on China
A US business lobby group voiced support for President Barack Obama's proposal for export financing for US companies competing against Chinese rivals in third-country markets, seeking a more "level playing field" with Chinese companies.
NPRA finalizes name change, becomes American Fuel & Petrochemical Manufacturers
The long-standing US refining and petrochemical trade group National Petrochemical & Refiners Association (NPRA) on Wednesday officially changed its name to the American Fuel & Petrochemical Manufacturers (AFPM). The name change is the fourth in its history.
Europe, Iran have coping plans for EU oil embargo
The European Union and Iran both say they have plans to make up for the bloc's planned embargo on Iranian oil, as the EU added it was seeking a coordinated import cut with some Asian nations. The sanctions were agreed upon Monday by foreign ministers in response to Tehran's nuclear program.
Hess, PdVSA to shut Hovensa refinery venture in Virgin Islands
Hovensa will shut down its 500,000 bpd St. Croix refinery in the US Virgin Islands amid weak demand, new competition.
Total not interested in buying Europe refineries of Petroplus
France's Total says it isn't interested in buying Petroplus' refineries. Petroplus shut down three in January after it ran out of cash and was unable to buy crude supply.
Canada oil could be shipped to northern seaports after Keystone rejection
The latest possible route to get Alberta oil to overseas markets will have many scrambling for an atlas. Where pelts once travelled south, petroleum may soon travel north. Alberta needs to diversify its market for bitumen beyond the US Midwest, and using a trusty old fur-trading river system may be the best way, given the current political climate, to reach Asian markets.
US oil industry seeks policy changes as EIA unveils annual energy outlook
With changes in policy, America's oil and natural gas industry could produce at home far more of the energy the nation requires, further enhancing its energy security and providing very large benefits to the economy, according to the CEO of the American Petroleum Institute.
European Union imposes ban on Iran crude imports
The 27-nation European Union agreed on Monday to block all crude-oil imports from Iran, as it steps up pressure on the Gulf nation to scale back its nuclear-enrichment program. The Council also agreed to freeze assets of the Iranian central bank within the EU.
Global oil, gas leaders see higher 2012 spending as industry confidence rises - poll
Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure in 2012 despite concerns over global economic instability, according to a new report on the future of the sector. North America is emerging as the area with the greatest opportunities in 2012, the poll shows.
Petroplus looks to sell France refinery, mulls additional sales
Petroplus plans to sell its Petit Couronne refinery in France amid credit woes. It is also examining options for oil refineries in Antwerp, Belgium, and Cressier, Switzerland.
- 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
