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Outlook & Insights
COMMENTARY: An Obama-Buffett Connection Could Keep Crude Rolling by Rail
(Wednesday, June 19, 2013) There is no doubt that every day Keystone XL is delayed, Berkshire Hathaway -- controlled by major Democrat donor Warren Buffett -- makes a lot of money.
OPINION: Oil's Well, Let U.S. Export It
(Wednesday, June 19, 2013) While it is true that the Obama administration has been uniquely hostile to the exploitation of America's vast hydrocarbon energy resources, not every bad energy policy has originated during this president's tenure.
OPINION: Projects Like Line 9 Reversal Benefit Ontario Workers, Economy
(Tuesday, June 18, 2013) In today's world, the success and sustainability of a national or local economy depends largely on its ability to adapt to changing circumstances.
COMMENTARY: Singapore at Heart of Counter-Piracy Worldwide
(Thursday, June 13, 2013) Singapore may be 3,569 nautical miles from the Gulf of Aden, but it is at the heart of counter-piracy efforts worldwide.
COMMENTARY: Have Calif. Refiners Wasted an Oil Pipeline Opportunity?
(Thursday, June 13, 2013) In time it may be inevitable that California refineries regret their decision that shelved Kinder Morgan's Freedom pipeline proposal.
Refining
Imperial Oil to Convert Nova Scotia Refinery to Terminal Operations
(Wednesday, June 19, 2013) An Imperial Oil spokesman said it was "too early" to say if any jobs would be lost.
Brazil's Petrobras, Sinopec to Study Refinery Joint Venture
(Wednesday, June 19, 2013) Petrobras said late Tuesday that it could team with China Petroleum & Chemical Corp. to build a much-needed refinery that would help reduce heavy imports of gasoline and diesel.
Tesoro to Divest Hawaii Refinery
(Tuesday, June 18, 2013) The buyer, Par Petroleum, plans to operate the assets as an integrated refining, logistics and retail system.
MDU: Greenfield Refinery Construction Well Underway
(Monday, June 17, 2013) MDU Resources announced Monday that construction of the Dakota Prairie Refinery project is on track with initial site grading substantially complete.
Canadian Regulator Waives Oil-Sands Enforcement Penalties
(Thursday, June 13, 2013) A recent report from Alberta's Energy Resources Conservation Board may complicate efforts to win U.S. approval for the Keystone XL pipeline.
Biofuels
API Urges Obama Administration to End Ethanol Mandate Now
(Friday, June 14, 2013) API Friday called on the Obama administration to use its waiver authority to lower what it considers an unsafe ethanol mandate immediately before it hurts consumers, damages vehicles, and delivers a severe blow to America’s economy.
Study: Logging Offsets Green Efforts Made by Wood for Biofuel
(Thursday, June 13, 2013) A new study regarding using wood for biofuel found that carbon dioxide released from logging offsets the green efforts made by using the clean fuel.
Merkel Calls for Cutting Subsidies for Green Energy
(Wednesday, June 12, 2013) Germany urgently needs to scale back its financial support for the development of renewable energy to contain the spiralling costs of its move to a low-carbon economy, Chancellor Angela Merkel said Wednesday.
Syntroleum Asserts Second Singapore Patent Against Neste
(Thursday, June 06, 2013) Syntroleum Corp. has filed suit against Neste Oil Singapore Pte Ltd with the High Court of Singapore asserting its Singapore Patent No. 169053 entitled "Hydrocracking Process For Biological Feedstocks and Hydrocarbons Produced Therefrom."
Volvo Unveils DME Tech for Heavy-Duty Trucks
(Thursday, June 06, 2013) Volvo Trucks Thursday became the first North American manufacturer to announce plans to utilize a new clean-burning alternative fuel to power its heavy-duty trucks.
Petrochemical
Eaton to Supply Electrical Equipment for Sadara Project
(Wednesday, June 19, 2013) Eaton has entered into an agreement with Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company, to supply motor control, power distribution solutions and engineering services.
Socar to Invest $500 Million on Petchem Complex
(Wednesday, June 19, 2013) State Oil Company of the Azerbaijani Republic (Socar) will be investing some $500 million in the building of an oil and gas refining and petrochemicals complex in Garadagh, Socar Vice President Suleiman Gasymov said in an interview.
MRC Global Wins PVF Contract from Celanese
(Tuesday, June 18, 2013) MRC Global Inc. has been awarded a global contract to supply and distribute pipe, valve and fitting (PVF) needs for Celanese Corporation.
Jacobs to Provide EPCM Services for Versalis Plant Expansion
(Tuesday, June 18, 2013) Jacobs Engineering Group has been awarded a contract by Polimeri Europa UK Limited (Versalis group), to provide EPCM services to support a major expansion at Polimeri Europa UK's plant in Grangemouth, Scotland.
Aramco, Dow Petrochemical JV Secures $10.5 Bln Bank Facilities
(Monday, June 17, 2013) The $19.3 billion petrochemical joint venture between Saudi Aramco and Dow Chemical has signed loan facilities worth $10.5 billion for its Jubail chemical plant.
Pipelines
CSU Leads Study on Methane Emissions from Transmission and Storage Systems
(Tuesday, June 18, 2013) Colorado State University researchers are leading a national field study to quantify methane emissions associated with the transmission and storage sector.
FERC Strips Certificates from Pipe to Planned LNG Port
(Tuesday, June 18, 2013) FERC vacated certificates and authorizations it issued to Freeport-McMoRan Energy LLC in 2006 that would have allowed the company to build an onshore natural gas pipeline to help link a proposed deepwater LNG port facility to an Ala. pipeline hub.
Natural Gas Line Blast Rocks Rural Louisiana Area
(Tuesday, June 18, 2013) A natural gas transmission line exploded early Tuesday in a rural Louisiana community about 70 miles north of New Orleans, knocking out power and causing area residents to be evacuated, local authorities said.
Enbridge Calls for Creation of Spill Fund
(Tuesday, June 18, 2013) Enbridge has rejected the national energy regulator's demand to have almost $1-billion in liability coverage set aside for the Northern Gateway project, and is calling for the creation of an industry-bankrolled oil release cleanup fund.
Some Albertans Turn to NRDC for Pipeline Safety Information
(Monday, June 17, 2013) Some Albertans have turned to a vocal U.S. environmental group for information on pipeline safety they say they can't get from their own government.
Terminals & Storage
Imperial Oil to Convert Nova Scotia Refinery to Terminal Operations
(Wednesday, June 19, 2013) An Imperial Oil spokesman said it was "too early" to say if any jobs would be lost.
Report: West African Piracy Targeting Oil-Products Tankers Nears US$1B
(Wednesday, June 19, 2013) Pirate activity in the Gulf of Guinea offshore West Africa surpassed that offshore Somalia in 2012, according to a report led by the International Maritime Bureau released this week.
CSU Leads Study on Methane Emissions from Transmission and Storage Systems
(Tuesday, June 18, 2013) Colorado State University researchers are leading a national field study to quantify methane emissions associated with the transmission and storage sector.
Dakota Plains Hits Funding Milestone for Pioneer Terminal Expansion
(Tuesday, June 18, 2013) An affiliate of World Fuel Services, the parent company of Dakota Plains' joint venture partner in New Town, North Dakota, is providing a term loan with up to $20 million in available funds toward the Pioneer Terminal expansion project.
Calif. Firm Secures Patent for CNG, Hydrogen Tank Tech
(Wednesday, June 12, 2013) The company contends that its technology could enable more widespread commercialization of natural gas and hydrogen fuel cell vehicles.
LNG / LPG
Israeli Government Approves 40% of Country's Natural Gas for Export
(Wednesday, June 19, 2013) The decision, made by a group of ministers, is expected to get government cabinet approval next week.
Construction Starts on Final Ichthys Offshore Facility
(Wednesday, June 19, 2013) The INPEX-operated Ichthys LNG Project cut first steel yesterday for the hull of its Floating Production, Storage and Offloading (FPSO) facility in Okpo, Korea.
Spain Faces Flaring After Low Demand for LNG
(Tuesday, June 18, 2013) Spain's natural gas TSO and its energy regulator are seeking to reduce the amount of boil-off gas flared in the country.
Plan Mulled to Boost Montoir LNG Deliveries
(Tuesday, June 18, 2013) French LNG terminal Elengy and transmission system operator (TSO) GRTgaz have proposed a scheme to entice shippers to deliver LNG into the northwestern port of Montoir.
FERC Strips Certificates from Pipe to Planned LNG Port
(Tuesday, June 18, 2013) FERC vacated certificates and authorizations it issued to Freeport-McMoRan Energy LLC in 2006 that would have allowed the company to build an onshore natural gas pipeline to help link a proposed deepwater LNG port facility to an Ala. pipeline hub.
Commodities
US Not Immune from Saudi Oil Export Disruption
(Wednesday, June 19, 2013) Despite growth in US tight oil production, a disruption of Saudi Arabian oil will still impact the United States.
Crude Oil Slightly Lower After Fed Statement, Inventory Data
(Wednesday, June 19, 2013) US crude futures settle slightly lower, as traders weigh the Federal Reserve's latest assessment of the US economy and data on US oil inventories.
Market Shift Uncouples Natural Gas from Oil
(Wednesday, June 19, 2013) Unlike oil, which is a globally traded commodity, natural gas is priced depending on location and the particular arrangement under which it is sold.
Egypt Shakes Up Management of State Energy Cos. to Tackle Fuel Shortage
(Tuesday, June 18, 2013) Egypt's Oil Minister Sherif Haddara on Monday reshuffled several officials at the top of state-owned companies in the energy sector in a bid to tackle the deepening fuel crisis that is gripping the country.
Nymex Crude Settles at Nine-Month High Ahead of Fed Move
(Tuesday, June 18, 2013) Crude-oil futures settles at a nine-month high, rallying in anticipation that the Federal Open Market Committee will keep stimulus efforts unchanged.
Finance & Acquisition
Tesoro to Divest Hawaii Refinery
(Tuesday, June 18, 2013) The buyer, Par Petroleum, plans to operate the assets as an integrated refining, logistics and retail system.
Dakota Plains Hits Funding Milestone for Pioneer Terminal Expansion
(Tuesday, June 18, 2013) An affiliate of World Fuel Services, the parent company of Dakota Plains' joint venture partner in New Town, North Dakota, is providing a term loan with up to $20 million in available funds toward the Pioneer Terminal expansion project.
Aramco, Dow Petrochemical JV Secures $10.5 Bln Bank Facilities
(Monday, June 17, 2013) The $19.3 billion petrochemical joint venture between Saudi Aramco and Dow Chemical has signed loan facilities worth $10.5 billion for its Jubail chemical plant.
Spectra Urged by Activist Investor to Review Options for Canadian Unit, DCP
(Monday, June 17, 2013) Spectra Energy Corp.'s plans to drop down its remaining U.S. transmission and storage assets to Spectra Energy Partners don't go far enough, according to activist investor Sandell Asset Management.
Centrica Confirms Bowland Shale Deal
(Thursday, June 13, 2013) Centrica buys 25-percent stake in Cuadrilla Resources’ Bowland shale gas license in Lancashire, northern England.
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