East African Leaders Woo Investors for Infrastructure Plan
East African Leaders Woo Investors for Infrastructure Plan

Thursday, March 26, 2015 Ports and oil and gas infrastructure are among the items on five East African countries' wish list for the region.
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  Current Downstream Headlines

Outlook & Insights
Wood Mackenzie: Brent-LLS Differential Key to US Oil Export Competitiveness
(Wednesday, March 25, 2015) As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie examines the impact a potential policy shift may have on US export crude oil flows and differentials.

Statoil Sees Britain, Germany Helping Revive Gas Demand
(Wednesday, March 25, 2015) Stricter emission rules in key European nations are more likely to boost natural gas consumption than stalled EU efforts to reform its carbon market, the head of marketing and trading at Norway's Statoil told Reuters.

Oil to Reach $100 a Barrel by End of 2016 -Pickens
(Wednesday, March 25, 2015) Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.

COLUMN-Tank Tops? Cushing Isn't the Whole Oil Market
(Tuesday, March 24, 2015) Traders do not appear worried that rising oil stocks in the United States will cause storage space to run out in the next few months.

EU Seen Giving Carbon Market Compromise Tentative Backing
(Tuesday, March 24, 2015) EU nations are poised on Wednesday to back a compromise put forward by the European Union presidency to set up a reserve by "no later than 2021" to remove surplus permits that have depressed Europe's carbon market, EU sources said.

Refining
Striking Workers Approve Contract at Tesoro Martinez, Calif. Refinery
(Thursday, March 26, 2015) Striking workers at Tesoro Corp's Martinez, California, refinery have ratified a new contract, ending a 52-day strike at that plant, the United Steelworkers union (USW) said on Wednesday.

Canadian Upgrader Maintenance to Cut 2nd Qtr Synthetic Crude Supply
(Thursday, March 26, 2015) More than 10 percent of Canada's synthetic crude supply is set to go offline during the second quarter of 2015 as oil sands producers in northern Alberta carry out planned maintenance at four major facilities that upgrade bitumen into crude.

Motiva to Idle Convent FCC with Louisiana Integration Plan
(Thursday, March 26, 2015) Motiva Enterprises LLC (Motiva) announced plans Thursday to integrate the company's two Louisiana refineries - Norco and Convent - creating the Louisiana Refining System.

U.S. Workers Set to Return Next Week to Shell Deer Park Refinery
(Wednesday, March 25, 2015) Striking workers are scheduled to return to their jobs next week at Royal Dutch Shell Plc's joint-venture refinery in Deer Park, Texas, said an official of the United Steelworkers union (USW), ending a near two-month walkout.

EPA to Change Publication for Cellulosic Waiver Credit Program
(Wednesday, March 25, 2015) The U.S. Environmental Protection Agency (EPA) has proposed changes to the sourcing and methodology for cellulosic waiver credit prices that refiners purchase to satisfy the U.S. Renewable Fuel Standards program.

Biofuels
Texas Researchers: Yeast May Have Implications for Biofuels, Biochemicals
(Wednesday, March 25, 2015) Beyond biofuels, the new yeast strain could be used in biochemical production to produce oleochemicals, according to The University of Texas at Austin.

EPA to Change Publication for Cellulosic Waiver Credit Program
(Wednesday, March 25, 2015) The U.S. Environmental Protection Agency (EPA) has proposed changes to the sourcing and methodology for cellulosic waiver credit prices that refiners purchase to satisfy the U.S. Renewable Fuel Standards program.

EPA Call for Comments Raises Questions over Biofuel Standards Delay
(Tuesday, March 24, 2015) A U.S. Environmental Protection Agency (EPA) request on Tuesday for comments from cellulosic biofuels makers raised speculation among industry analysts of further delays in the release of government-mandated renewable fuels volumes.

Mexico's Pemex Launches Ethanol Biofuel Program to Cut Emissions
(Friday, March 20, 2015) Pemex is set to launch its first-ever sales of gasoline mixed with cleaner-burning ethanol to reduce greenhouse gas emissions, the Mexican state-run oil company said on Thursday.

Obama Orders 40 Percent Cut in Government's Greenhouse Gases
(Thursday, March 19, 2015) Major companies that sell to the federal government like GE, HP, Northrup Grumman and Honeywell will also announce voluntary commitments to cut their own emissions.

Petrochemical
Texas Researchers: Yeast May Have Implications for Biofuels, Biochemicals
(Wednesday, March 25, 2015) Beyond biofuels, the new yeast strain could be used in biochemical production to produce oleochemicals, according to The University of Texas at Austin.

Saudi Sahara Petchem Affiliates Shut for Maintenance in April
(Wednesday, March 25, 2015) Two affiliates of Sahara Petrochemicals plan to shut down petrochemical plants for scheduled maintenance in April, Sahara said on Wednesday.

LyondellBasell to Add TEG Capacity in Pasadena
(Tuesday, March 24, 2015) LyondellBasell announced Tuesday plans to expand Tri-ethylene Glycol (TEG) production capacity at the company's existing ethylene oxide and ethylene glycol plant in Pasadena, Texas.

Orpic Awards Tech Services Contract to Amec Foster Wheeler
(Monday, March 23, 2015) Amec Foster Wheeler announced Monday the award of a technical services agreement contract by Orpic for the Mina Al Fahal Refinery and Sohar Refinery, Aromatics and Polypropylene plants, Oman.

Saudi's Advanced Petrochemical Resumes Production After Maintenance
(Monday, March 23, 2015) Saudi Arabia's Advanced Petrochemical said on Monday it had restarted production at its propylene and polypropylene plants after scheduled maintenance.

Pipelines
East African Leaders Woo Investors for Infrastructure Plan
(Thursday, March 26, 2015) Ports and oil and gas infrastructure are among the items on five East African countries' wish list for the region.

Canada Gov't Asks Pipeline Regulator for Safety Guidelines by 2016
(Thursday, March 26, 2015) Canada's Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment.

Shell Reopens Nigeria's Nembe Creek Oil Pipeline
(Thursday, March 26, 2015) Royal Dutch Shell reopened the Nembe Creek oil pipeline on Thursday after planned maintenance, a Shell spokeswoman said in an email.

SemGroup to Build Maurepas Pipeline for Motiva
(Thursday, March 26, 2015) The Maurepas Pipelines will support Motiva Enterprises LLC's efforts to interconnect and optimize its refinery operations.

Iraq's February Oil Exports Below Planned Level for IS Fight
(Wednesday, March 25, 2015) Iraq's oil exports for last month were below planned levels, the country's Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic state group.

Terminals & Storage
Italy Uncovers European Tax-avoiding Fuel Scam
(Thursday, March 26, 2015) Italian police and Europol say eight people have been arrested in a half-dozen European countries for allegedly operating a diesel import scam that avoided taxes by disguising the fuel as it transited across the continent.

East African Leaders Woo Investors for Infrastructure Plan
(Thursday, March 26, 2015) Ports and oil and gas infrastructure are among the items on five East African countries' wish list for the region.

U.S. Will Work to Ensure Bab-el-Mandeb Strait Remains Open -U.S. General
(Thursday, March 26, 2015) The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen, the head of U.S. forces in the region said.

European Court Annuls Exemption for Czech Gas Storage Facility
(Thursday, March 26, 2015) The European Court of Justice on Thursday ruled that a Czech gas storage facility to be run as a joint venture between Gazprom and the Czech oil and gas company MND Group must be accessible to outside suppliers.

API, AAR Develop Crude-by-rail Safety Course
(Wednesday, March 25, 2015) America's oil and freight railroad industries have developed a new education module for first responders to help prevent, mitigate and respond to derailments of trains carrying crude oil.

LNG / LPG
Freeport LNG Contract Goes to CB&I-Chiyoda-Zachry JV
(Thursday, March 26, 2015) The joint venture has won a $2 billion-plus contract from Freeport LNG for the engineering, procurement and construction of the third train of the three-train liquefaction terminal on Quintana Island near Freeport, Texas.

India's Gail Seeking 7 LNG Cargoes from Oct. 2015-Dec. 2016-Tender Document
(Thursday, March 26, 2015) India's Gail is looking to buy seven liquefied natural gas (LNG) cargoes for delivery from Oct. 2015 until Dec. 2016, according to the tender document obtained by Reuters.

Tokyo Gas to Build Second LNG Tank Terminal in Hitachi
(Thursday, March 26, 2015) Tokyo Gas Co, Japan's biggest natural gas utility, said on Thursday it would build a second liquefied natural gas (LNG) tank at a receiving terminal northeast of Tokyo, to meet growing demand in the area.

Dominion, Dignitaries Celebrate Cove Point Construction
(Wednesday, March 25, 2015) Dominion Wednesday celebrated with its international business partners and Maryland community leaders the construction of the Dominion Cove Point LNG Liquefaction project.

India to Boost LNG Imports to Raise Power Generation
(Wednesday, March 25, 2015) The Indian government said on Wednesday it will boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants worth billions of dollars to fuel economic expansion.

Commodities
Oil Up 5% After Saudi Strikes In Yemen; Dollar Limits Gains
(Thursday, March 26, 2015) Oil jumps about 5%, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies spark fears of a bigger Middle East battle.

U.S. Drivers Extend Record Mileage Gains in January -FHA
(Wednesday, March 25, 2015) The trend may be good news for oil traders looking for signs of price supports for falling crude prices.

Oil Up 3% On Weak Dollar, Speculative Buying, Yemen
(Wednesday, March 25, 2015) Oil settles up about 3% as a weak dollar, fighting in Yemen and speculative buying boost crude prices.

Chinese Tax Hikes Slash Fuel Oil Imports 30 Pct So Far This Year
(Wednesday, March 25, 2015) China's fuel oil imports have tumbled 30 percent in the first two months of the year and are running at about half their peak two years ago, as fuel tax hikes crimp energy use and squeeze refiners' profits.

EU Member States Agree 2021 Carbon Market Reform Date-Sources
(Wednesday, March 25, 2015) EU nations agreed a reform to remove a glut of permits from Europe's carbon market should take effect from the start of 2021, EU diplomats said following a closed-door meeting on Wednesday.

Finance & Acquisition
Former Head of Petrobras Testifies in Brazilian Congress
(Thursday, March 26, 2015) Prosecutors allege Brazil's biggest construction and oil firms paid former Petrobras officials and politicians in exchange for overvalued contracts. Money allegedly was funneled back to the campaign coffers of the ruling Workers' Party and allies.

Morocco's Refiner Samir Posts Record 2014 Loss on Oil Price Fall
(Tuesday, March 24, 2015) Morocco's only oil refiner Samir posted a record net loss of 3.42 billion Moroccan dirham ($349.7 million) in 2014, mainly due to inventory revaluation after oil prices fell.

Woodside to Cut 300 Jobs, Freeze Pay to Battle Oil-Price Drop
(Tuesday, March 24, 2015) Woodside says it would axe about 300 jobs this year and freeze all salaries as it continues to slash costs to cope with a sharp slump in oil prices.

EnLink to Acquire Victoria Express from Devon
(Tuesday, March 24, 2015) EnLink Midstream Partners, LP Monday announced that it has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets from Devon Energy Corp.

Saras Shares Boosted by Talk Rosneft May Lift Stake
(Monday, March 23, 2015) Saras shares jumped to a 42-month high on Monday on speculation Rosneft might raise its stake in the Italian refiner, lured by rising margins in the industry and after cashing in on another investment in Italy.

People on the Move
Tesoro's Goff to Serve as AFPM's Chairman
(Thursday, March 26, 2015) The American Fuel & Petrochemical Manufacturers (AFPM) Thursday announced that Gregory J. Goff, chairman, president and CEO of Tesoro Corporation, has been named chairman of the board at AFPM.

Head of BG Group's Canadian LNG Project Leaves, Not Being Replaced
(Wednesday, March 18, 2015) The head of BG's Canadian unit has left Vancouver to take another role in the company and will not be replaced, the company says, delivering another blow to British Columbia's fledgling liquefied natural gas industry.

Glencore Hires New Singapore Head, Crude Oil Boss Retires
(Monday, March 16, 2015) Glencore's powerful oil trading division is undergoing a rare reshuffle after 20-year veteran executive Louis Alvarez retired, while the former head of BP's Asian trading arm has been hired to head the firm's Singapore-based operations.

Taff to Succeed Ballschmiede at CB&I
(Friday, March 13, 2015) CB&I Thursday announced it has appointed Michael S. Taff as Executive Vice President and Chief Financial Officer, effective April 1, 2015.

Europe's BP, MOL Help Grow Young Talent
(Thursday, March 12, 2015) BP holds the UK finals for its Ultimate Field Trip competition in London while Hungary's MOL Group launches its Freshhh completion, which is also aimed at university students.






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