The competitive landscape is trending toward more customized products and services, says Dallas-based consultancy.
A 'New World Order' Is Re-shaping Natural Gas Storage

Thursday, July 28, 2016 The competitive landscape is trending toward more customized products and services, says Dallas-based consultancy.
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Outlook & Insights
COLUMN-Valero Blames Excess Winter Production for U.S. Gasoline Glut
(Thursday, July 28, 2016) The accumulation of gasoline stocks in the United States has been driven by excess gasoline production rather than lack of demand, according to Valero, the largest independent refiner in the United States.

Islamic State's Oil Revenue Dives as It Loses Iraqi Territory
(Thursday, July 28, 2016) Islamic State, pushed off more than half the Iraqi territory it seized in 2014, has suffered a near collapse in revenue from oil smuggling, officials say.

Upstream CEO: Oil, Gas Companies Fare Better Under Democrats
(Wednesday, July 27, 2016) Oil and gas companies have backed Republican candidates, but fared better under Democratic presidents, Pioneer Natural Resources chief says.

Daimler Says Battery Advances Make Electric Trucks Viable
(Wednesday, July 27, 2016) Daimler has unveiled an electric truck capable of transporting up to 25 tonnes, putting zero-emission vehicles on a par with conventional-engine variants in terms of payload and performance.

Ten Best Practices: Planning Critical Power Utilities for Plant Turnarounds
(Tuesday, July 26, 2016) When considering critical utilities, the earlier a plant can consider a few key items, the more successful a safe turnaround can be, says manager with Aggreko.

Rising Fuel Imports Prompt Pakistan to Revive Refinery Plan
(Thursday, July 28, 2016) Pakistan is seeking to build two new oil refineries in a bid to eliminate refined fuel imports within seven years and meet surging demand at home.

Japan's TonenGeneral Buys First Oil from Iran -Sources
(Thursday, July 28, 2016) Japanese oil refiner TonenGeneral Sekiyu has bought its first oil from Iran since becoming independent from U.S. oil major Exxon Mobil Corp , three industry sources familiar with the matter said.

South Africa's Largest Oil Refinery Operating, No Strike Impact
(Thursday, July 28, 2016) South Africa's largest oil refinery, jointly operated by Shell and BP, has not shut down due to a workers' strike over wages, a spokeswoman said on Thursday, contradicting an earlier union claim.

Canadian Oil Sands Producers Mull New Investments
(Thursday, July 28, 2016) It's a sign that the industry may have come to grips with the slump in crude prices after two years of heavy cost-cutting.

Oil Refiners Struck by Glut Find Comfort in China Teapot Drought
(Wednesday, July 27, 2016) Oil refiners rocked by a market glut in Asia are finding some solace as what was expected to be a flood of fuel from China's private processors is proving to be a benign trickle.

Valero Says Biofuels Blending Costs Could Double in 2016
(Tuesday, July 26, 2016) Valero Energy Corp, the largest U.S. refiner, expects to get hit with a half-billion-dollar bill in the second half of the year thanks to the rising cost of meeting government mandates to blend biofuels.

South African Airways Makes First Flight Using Fuel From Tobacco
(Friday, July 15, 2016) South African Airways completed a flight using jet fuel made from a tobacco plant, its first contribution to the global push to power more air journeys from renewable resources.

Insurance Could Protect India's Solar Panels from 'Monkey Menace'
(Thursday, July 14, 2016) Scaling up solar energy faces some unusual challenges in India, from extreme weather conditions to destructive monkeys.

SABIC Decision on Exxon Petrochemicals Venture Likely by Q2 2017 - acting C
(Thursday, July 28, 2016) A decision on whether Saudi Basic Industries Corp (SABIC) will go ahead with a joint venture with Exxon Mobil will likely be made by the second quarter of 2017, SABIC's acting chief executive said.

Japan's Mitsubishi Chem JV Shuts Cracker After Problem
(Thursday, July 28, 2016) Japan's Asahi Kasei Mitsubishi Chemical Ethylene Corp on Wednesday shut its 567,000 tonnes-per-year naphtha cracker in Mizushima, western Japan, due to an unspecified problem, joint venture partner Mitsubishi Chemical Corp said.

Saudi's SABIC Says Studying Petchems JV with Exxon Mobil Affiliate
(Monday, July 25, 2016) The project will be on the United States' Gulf Coast, possibly in Texas or Louisiana.

German Chemical Industry Cuts 2016 Sales Outlook for 3rd Time
(Friday, July 22, 2016) German chemicals trade group VCI on Friday cut its forecast for industry revenue in 2016 for the third time, citing slower demand for plastics and chemicals used for making long-lasting plants and equipment.

Enterprise Loads PGP for Export at Houston Ship Channel Facility
(Tuesday, July 19, 2016) Enterprise Products Partners Tuesday announced the company has loaded its first two vessels with polymer grade propylene (PGP) for export at the Enterprise Hydrocarbons Terminal along the Houston Ship Channel.

Peru Expects Oil Pipeline to Stay Closed at Least 6 More Months
(Wednesday, July 27, 2016) Peru's oil pipeline will likely remain closed for at least another six months following two spills that first halted its daily transport of 12,000 barrels in early February, state energy agency Perupetro said Tuesday.

Canadian Premier 'Not Satisfied' with Husky Spill Response
(Wednesday, July 27, 2016) Saskatchewan Premier Brad Wall said on Wednesday he was not satisfied with Husky Energy's emergency response to an oil spill into a river that supplies drinking water.

Pemex Says 500 People Evacuated for Gas Leak, No Injuries
(Wednesday, July 27, 2016) Mexcan state oil company Pemex said around 500 people had been temporarily evacuated near the city of Salamanca in central Mexico due to a gas leak caused by an illegal pipeline tap, though no injuries were reported.

Keystone's Death Means Record Oil Revival for Canadian Railways
(Tuesday, July 26, 2016) Keystone was the great hope for opening U.S. markets further to Canadian crude. Now that it's dead, the railways are going to make not just a comeback, but transport more oil than ever before.

Husky Says Canadian Oil Spill Started Day Before Crews Arrived
(Tuesday, July 26, 2016) An oil spill into a major Canadian river from a Husky Energy Inc pipeline started last Wednesday evening and crews did not arrive on site until the following morning, the company said on Tuesday.

Terminals & Storage
A 'New World Order' Is Re-shaping Natural Gas Storage
(Thursday, July 28, 2016) The competitive landscape is trending toward more customized products and services, says Dallas-based consultancy.

Drop in the Ocean: India's Strategic Oil Reserves Unlikely to Stir Market
(Thursday, July 28, 2016) India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.

U.S. Crude Oil Stockpiles Rise Unexpectedly -EIA
(Wednesday, July 27, 2016) U.S. crude oil stocks rose for the first time since mid-May in the latest week as refinery utilization declined and imports increased, the U.S. Department of Energy said on Wednesday.

Keystone's Death Means Record Oil Revival for Canadian Railways
(Tuesday, July 26, 2016) Keystone was the great hope for opening U.S. markets further to Canadian crude. Now that it's dead, the railways are going to make not just a comeback, but transport more oil than ever before.

Ship Hits Wall of Panama Canal, Renews Design Concerns
(Tuesday, July 26, 2016) The Lycaste Peace, the first LPG tanker to pass through the new section of the canal, ripped off a fender during a collision in late June, causing some minor damage to the railing of the ship, according to a source familiar with the incident.

America's Shale Gas Heads to East Asia for First Time
(Thursday, July 28, 2016) East Asia, which imports more LNG than any other region of the world, is preparing to receive its first supplies from America's shale bounty.

Saipem Bags 2 Contracts for Indonesia's Tangguh LNG Expansion Project
(Thursday, July 28, 2016) Saipem bags two contracts for onshore and offshore work on the BP-operated Tangguh liquefied natural gas (LNG) expansion project in Indonesia's Papua Barat Province.

Enterprise to Export First Ethane Cargo from Houston Terminal in August
(Thursday, July 28, 2016) Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1, the first such export of the light natural gas liquid from the U.S. Gulf Coast.

Excelerate Confirms Deal to Build Bangladesh's First LNG Import Terminal
(Wednesday, July 27, 2016) Excelerate Energy confirms agreement to develop Bangladesh's first liquefied natural gas (LNG) import terminal.

LNG's Surge From Decade-Low Seen Fizzling as Supply Ramps Up
(Tuesday, July 26, 2016) LNG's surge is running out of gas.

Oil Falls to Three-Month Low After Surprise US Stockpile Gain
(Thursday, July 28, 2016) Oil fell to a three-month low, edging closer to a bear market, after US crude supplies unexpectedly rose from what was already the highest seasonal level in at least two decades.

Bytes and Barrels: The Origins of Oil Traders' Love of Yahoo
(Thursday, July 28, 2016) For almost two decades, tens of thousands in the oil industry relied on the old Yahoo Messenger system, which launched in 1998.

Oil Prices Fall on Unexpected Build to Crude Stocks, Looming Product Glut
(Wednesday, July 27, 2016) Oil prices continue to slide off the market’s belief that a global glut in gasoline has displaced the oversupply of crude, which had depressed oil prices since July 2014.

World Bank Raises 2016 Oil Price Forecast on Supply Outages, Robust Demand
(Tuesday, July 26, 2016) The World Bank raised its crude oil forecast for 2016 to $43 a barrel on Tuesday, from $41 a barrel, citing supply outages and robust demand in the second quarter.

Oil Falls to Three-Month Low Amid Projected Fuel Supply Growth
(Tuesday, July 26, 2016) Oil dropped to a three-month low in New York amid speculation that US fuel stockpiles increased, bolstering a glut in the world's biggest crude-consuming nation.

Finance & Acquisition
Marathon Petroleum Profit Tops Estimates as Costs Fall
(Thursday, July 28, 2016) Marathon Petroleum Corp posted a better-than-expected quarterly profit, helped by lower operating costs and robust demand for gasoline during the summer driving season.

Dow Chemical Says Cost Savings Will Likely Exceed FY Target
(Thursday, July 28, 2016) Dow Chemical Co reported a better-than-expected quarterly profit as lower costs helped boost margins and the company indicated that it would exceed its cost-cutting target for the year.

Shell Misses Expectations as Earnings Plunge on Oil, BG Costs
(Thursday, July 28, 2016) Royal Dutch Shell missed quarterly profit expectations by more than $1 billion on Thursday after reporting a 72 percent plunge in earnings due to weak oil prices and high costs following its $54 billion takeover of BG Group.

SABIC to Grow Its Way Out of Earnings Slump - Acting CEO
(Thursday, July 28, 2016) Saudi Basic Industries Corp (SABIC) aims to grow its way out of an extended earnings slump brought on by the impact of lower oil prices on the petrochemicals sector, its acting chief executive told Reuters on Thursday.

TransCanada Profit Beats; Asset Sales Plan Moving Ahead
(Thursday, July 28, 2016) TransCanada Corp, Canada's second-largest pipeline company, reported on Thursday a slightly higher-than-expected quarterly profit, and said the process of seeking buyers for the sale of some of its assets was well under way.

People on the Move
Turkey's Petkim Names New CEO, Media Says Predecessor Detained in Coup Plot
(Thursday, July 28, 2016) Turkey's biggest petrochemicals company Petkim said on Thursday its chief executive had resigned, and the state-run news agency said he had been detained in connection with a failed coup.

Key Energy Policy Maker in Mexico to Step Down This Week -Sources
(Wednesday, July 27, 2016) Mexico's deputy energy minister for hydrocarbons, Lourdes Melgar, a key player behind the country's 3-year-old energy reform, will step down from her post at the end of the week, two sources with knowledge of the decision said on Wednesday.

Examining the Rewards and Challenges of Modern Oil and Gas Jobs
(Wednesday, July 27, 2016) Three workers share their unique insights on modern oil and gas jobs.

South African Workers in Petroleum Sector to Strike Over Wages - Media
(Tuesday, July 26, 2016) More than 15,000 employees in South Africa's petroleum sector are expected to go on strike this week after wage talks with employers failed, Talk Radio 702 reported on Tuesday.

Employers, Educators Collaborate to Graduate the Next Oil, Gas Workforce
(Thursday, July 21, 2016) Industry employers and higher education institutions work together to align current business needs with curriculum and student development.

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