Refining
Keyera acquires Canadian iso-octane plant from Neste Oil, ChevronTexaco
Competition authorities in the US and Canada have approved the sale of Neste Oil's 50% holding in an iso-octane production plant in Edmonton, Canada, to Canadian-based Keyera. The announcement was first made on December 8, 2011.
US fuel demand tanks amid low gasoline use - API
US petroleum deliveries in December 2011 were down 5.9% from December 2010, declining to an average of 18.6 million bpd to hit their lowest December level in 15 years. Overall, total petroleum deliveries (a measure of demand) fell 1.2% in 2011 to an average of 18.9 million bpd.
US oil groups ask EPA to cut cellulosic biofuel rule
The NPRA, API and Western States Petroleum Association jointly filed a petition Friday requesting that the US Environmental Protection Agency (EPA) waive the 2011 cellulosic biofuel volume mandate in its entirety. The groups claim no cellulosic biofuel was actually produced last year.
Keystone XL ruling shows need to diversify energy exports - Canada minister
Obama's decision to deny TransCanada a permit for Keystone XL underlines the need for Canada to diversify its energy exports, with particular focus on China, the official says.
CNPC inks deal with Shell, Qatar for China refinery, petrochemical project
China National Petroleum Corp. (CNPC) said Thursday that it signed a deal with Qatar Petroleum and Shell to build a refining complex in the eastern Chinese city of Taizhou. The project will import condensate and raw materials to produce ethylene and other petrochemical products.
CB&I awarded oil sands expansion work in Canada
CB&I has won a contract, valued in excess of $750 million, by Imperial Oil Resources for work on its Kearl expansion project in Alberta, Canada. Work scope includes the engineering, procurement and module assembly and construction of a second bitumen extraction plant.
IEA lowers forecast for China oil demand, output
The IEA said Wednesday that it would slightly lower its 2012 forecast for Chinese oil demand and output due to a slowing domestic economy and the unexpected decline of both onshore and offshore production. But China's crude runs may remain high due to new refineries in Yinchuan and Beihai.
BP unveils global energy outlook through 2030, boosts demand estimate
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries, BP said in its Energy Outlook 2030 report. The demand projection is up 1.2% from the year-earlier estimate.
Obama rejects TransCanada pipeline Keystone XL
The Obama administration on Wednesday formally rejected TransCanada’s proposed Keystone XL oil pipeline expansion. However, TransCanada and other companies will be allowed to reapply with an alternate route going through Nebraska, where an important regional aquifer is located.
TransCanada will reapply for Keystone XL permit
TransCanada said late Wednesday that it had received the US Department of State's decision that the Presidential Permit for its proposed Keystone XL pipeline has been denied. However, the company will reapply for a permit and hopes to start up pipeline service as soon as 2014.
- 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
