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US Approval of LNG Exports Paves Way for Asian Spot Market
(Monday, May 20, 2013) Japanese LNG buyers see U.S. government approval for a Texas LNG facility to export gas to countries with which it doesn't have free-trade agreements as a step forward.
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WEC Plans New South Texas Refinery
(Monday, May 20, 2013) Worldwide Energy Consortium, Inc. (WEC) announced Monday that it will begin the initial engineering/permitting phase for its new refinery located near Gardendale in La Salle County Texas.
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Shake Up Among Kuwaiti Oil Executives
(Monday, May 20, 2013) Kuwait Petroleum stated that the reshuffle wasn't linked to the crisis over the controversial payment of a $2.2 billion penalty to Dow Chemical for scrapping a joint venture in December 2008.
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Drevna Applauds RFS Legislation
(Monday, May 20, 2013) AFPM President Charles T. Drevna said that his organization supports the Foreign Fuels Reduction Act legislation recently introduced by Sens. Bob Corker (R-TN) and Joe Manchin (D-WV).
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Pemex Files Suit to Recover Nearly $160MM from Siemens, SKEC
(Monday, May 20, 2013) Pemex and its affiliate Pemex-Refinacion (PREF) have filed a lawsuit in New York seeking to recover nearly $160 million from German multinational Siemens and South Korea's SK Engineering & Construction Co. Ltd. (SKEC) in a global bribery case.
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Halliburton Rolls Out CNG-Powered Truck Fleet
(Monday, May 20, 2013) Halliburton announced Monday the deployment of nearly 100 light-duty CNG trucks across several field locations in the United States.
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Behind Chinese Protests, Growing Dismay at Pollution
(Monday, May 20, 2013) As news spread earlier this year that China's government had approved a refinery and petrochemicals base near Kunming to process crude piped in from Myanmar, a local environmental activist named Zheng Xiejian started disseminating leaflets.
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Crude-Oil Futures Climb to Seven-Week High
(Monday, May 20, 2013) Oil futures climb to a seven-week high amid optimism over the US economic recovery and the prospect of rising crude demand this summer.
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PAA to Extend Western Oklahoma Oil Pipeline
(Monday, May 20, 2013) Plains All American Pipeline announced it is constructing a 95-mile extension of its existing Oklahoma crude oil pipeline system to service increasing production from the Granite Wash, Hogshooter and Cleveland Sands producing areas.
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Westlake Elects Graff, Northcutt to Board
(Monday, May 20, 2013) Westlake Chemical Corp. Monday announced that Michael J. Graff and R. Bruce Northcutt have been elected to the company's board of directors.
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