Top Social Media Dos and Don'ts When Looking for a Job
Top Social Media Dos and Don'ts When Looking for a Job

Thursday, July 02, 2015 Find out which best practices will help you maintain your social media channels while seeking employment.
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  Current Downstream Headlines

Outlook & Insights
COLUMN-China's Diesel Exports May Return After Going Missing in Action
(Thursday, July 02, 2015) One of the little mysteries this year in Asian oil markets has been the drop in China's diesel exports.

California's Push for Cleaner Buses Could Edge Out Natural Gas
(Thursday, July 02, 2015) A new push by California's powerful Air Resources Board (CARB) has the potential to marginalize natural gas as a bus fuel in the same way its adoption once marginalized diesel.

Red-hot Fuel Demand Can't Shore Up the Oil Price Alone
(Wednesday, July 01, 2015) Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies the mantra of bulls who say the oil price is well on the mend.

COLUMN-Oil Prices Settle into New Equilibrium: Kemp
(Wednesday, July 01, 2015) Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.

COLUMN-U.S. Supreme Court Fires Warning Shot Across EPA's Bow
(Tuesday, June 30, 2015) In a rare defeat for the U.S. Environmental Protection Agency, the U.S. Supreme Court ordered it on Monday to reconsider whether the EPA's regulations on mercury and other toxic emissions from power plants are appropriate and necessary.

Refining
Asia Oil Refining Margins Hit 2015 Low, Mideast Supply to Drag
(Thursday, July 02, 2015) Rallying oil refining margins have ground to a halt in Asia. Currently at a 2015 low, they could drop another 20-30 percent this quarter, led by declining profits in diesel as supply from the Middle East adds to a global glut.

Impact of Strike at Total's French Refineries Remains Limited
(Thursday, July 02, 2015) A strike at Total's French refineries, oil depots and service stations called by the hardline CGT union had failed to muster much support by Thursday morning, company and union officials said.

South Korea Turns to Cheap Spot Crudes as Glut Grows
(Thursday, July 02, 2015) Refiners in South Korea, the world's fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins.

India Asks Refiners to Buy Dollars, Euros to Settle Iran Oil Dues
(Tuesday, June 30, 2015) India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.

Mexico's Pemex Says Eight Injured After Gasoline Spill, Gas Leak
(Tuesday, June 30, 2015) Mexico's state-owned oil company Pemex said on Tuesday that a gasoline spill and gas leak at its Minatitlan refinery in eastern Mexico is under control, and eight workers are being treated for possible injuries due to fumes.

Biofuels
Japan Aims to Use Biofuels for Flights by 2020 Tokyo Olympics
(Thursday, July 02, 2015) Japan will draw up a plan to introduce biofuels to power commercial flights by the 2020 Tokyo Olympic Games as part of efforts to shift to cleaner fuel.

Meat and Dairy to Eclipse Biofuel in Agriculture Demand - FAO/OECD
(Wednesday, July 01, 2015) Changing diets in emerging countries will boost global demand for meat and dairy products in the next 10 years, shifting grain supply towards livestock feed as use of crop-based biofuel is curbed by lower oil prices, the FAO and OECD said.

Japan's Top 3 Automakers to Spend $50 Mln to Subsidise Hydrogen Stations
(Wednesday, July 01, 2015) Toyota Motor Corp, Nissan Motor Co and Honda Motor Co said in a joint statement they would shoulder about one-third of the operational costs for hydrogen stations, limiting annual support to 11 million yen ($89,700) per station.

United Airlines Buys $30 Mln Stake Fulcrum BioEnergy
(Tuesday, June 30, 2015) United Airlines on Tuesday said it purchased a $30 million stake in alternative fuels developer Fulcrum BioEnergy Inc in a deal designed to meet some of its fuel needs and hedge against future oil price volatility and carbon regulations.

Congress May Expand MLPs to Include Alternative Fuels
(Friday, June 26, 2015) Bipartisan group of lawmakers making another push to open tax-advantaged master limited partnerships to alternative and renewable fuels.

Petrochemical
Enterprise Signs Additional Capacity Commitment for Ethane Pipeline
(Thursday, July 02, 2015) Enterprise Products Partners L.P. Wednesday announced it has executed a long-term agreement for incremental ethane transportation capacity on the partnership’s Aegis pipeline.

Brazil's Braskem Sued in N.Y. Court Over Petrobras Scandal
(Wednesday, July 01, 2015) A Braskem SA shareholder has sued the Brazilian petrochemical producer, accusing it of being involved in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock.

Emission-check Chemical Makers to Take Hit If Pollution Rule Goes
(Wednesday, July 01, 2015) A U.S. Supreme Court ruling against a federal regulation aimed at cutting air pollution from power plants will limit growth for Cabot Corp and Calgon Carbon Corp, which make activated carbon used to curb mercury emissions.

Poland Approves Chemical Group Azoty's Coal-based Project
(Tuesday, June 30, 2015) Poland approved a plan on Tuesday for its largest chemicals maker, Grupa Azoty , to develop a coal gasification project that would help increase local demand for coal by 1 million to 2 million tonnes annually.

Shanghai Chemical Plant Protesters Warned to End Demonstrations
(Monday, June 29, 2015) Residents of a Shanghai suburb were warned by the district government and an official newspaper to halt their protests against proposals to build a chemical plant nearby, signalling the authorities mounting impatience with the show of dissent.

Pipelines
Azeri SOCAR's First-half Oil Shipments via Russia Up 33 Pct
(Thursday, July 02, 2015) Azerbaijan's SOCAR shipped 678,046 tonnes of oil via Russia in the first half of 2015, up from 508,222 tonnes in the same period last year, the state energy company said on Thursday.

Enterprise Signs Additional Capacity Commitment for Ethane Pipeline
(Thursday, July 02, 2015) Enterprise Products Partners L.P. Wednesday announced it has executed a long-term agreement for incremental ethane transportation capacity on the partnership’s Aegis pipeline.

Russia Seen Extending Oil-Sales Lead With Second China Pipeline
(Wednesday, July 01, 2015) Russia is set to strengthen its position as the biggest oil supplier to China in the coming decade with a planned second pipeline link to Chinese refineries, according to a unit of Fitch Group Inc.

New CO2 Rules Should Aid Keystone XL Approval, TransCanada Says
(Tuesday, June 30, 2015) TransCanada Corp said on Tuesday that tightening climate-change rules from the governments of Canada and the province of Alberta help justify the construction of the controversial Keystone XL pipeline project.

Russia and Ukraine Fail to Reach Final Agreement at Gas Supply Talks
(Tuesday, June 30, 2015) Russia and Ukraine failed to reach a final agreement at gas supply talks in Vienna on Tuesday, Russian Energy Minister Alexander Novak and Ukraine's Energy and Coal Minister Vladimir Demchishin told reporters.

Terminals & Storage
Oil-Tanker Billionaire Fredriksen Revives Market-Share Quest
(Thursday, July 02, 2015) John Fredriksen, the billionaire who made his fortune investing in crude tankers, is reuniting two businesses he split three years ago to help gain a greater share of the oil-shipping market.

Toxic-Gas Leak in Tennessee Derailment Delays Main-Line Traffic
(Thursday, July 02, 2015) A CSX Corp. train carrying acrylonitrile derailed and caught fire near Knoxville, Tennessee, causing the evacuation of 5,000 people and disrupting rail traffic.

Ukraine Says Can Survive without Russian Gas, No Threat to EU Supplies
(Thursday, July 02, 2015) Ukraine expects to store enough natural gas for next winter despite cutting off imports from Russia and Russian flows crossing the country destined for Europe will not be disrupted, Energy Minister Volodymyr Demchyshyn said on Thursday.

Union Pacific Imposing Hefty Surcharge on Older Crude Railcars
(Thursday, July 02, 2015) Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns.

Ultra-light Condensate Could Be Niche for West Texas Rail
(Wednesday, July 01, 2015) A surge in West Texas oil pipeline startups and expansions has squeezed viability of some crude-by-rail terminals in the region, but increased output of ultra-light condensate could give them a niche pipelines cannot fill.

LNG / LPG
Russia's Gazprom and Dutch Gasunie to Cooperate on Small-scale LNG
(Thursday, July 02, 2015) Russian state gas company Gazprom and Dutch gas grid operator Gasunie have signed an agreement to cooperate on the small-scale liquefied natural gas (LNG) market in Europe, Gazprom said in a statement on Thursday.

France's Engie Signs Deal to Supply LNG to Beijing Gas Group
(Thursday, July 02, 2015) French gas utility Engie signed a 100 million euro ($110.77 million) deal to supply liquefied natural gas (LNG) to China's Beijing Gas Group, the French government said in a statement on Thursday.

Statoil Plans to Develop LNG Bunkering in the Baltic Sea
(Thursday, July 02, 2015) Norway's oil and gas company Statoil and Lithuanian power group Lietuvos Energija plan to set up a joint venture to supply liquefied natural gas (LNG) for ship fueling in the Baltic Sea, the Lithuanian partner said on Thursday.

As Indonesia Gas Demand Falters, Floating LNG Plant Lies Idle
(Wednesday, July 01, 2015) A $400 million floating plant for changing LNG back to gas has sat idle off Indonesia's coast for around six months despite only being commissioned last summer.

Eni to Sell 1.4 Mln Tonnes/year of LNG to Indonesia's Pertamina
(Tuesday, June 30, 2015) Italian oil firm Eni on Tuesday signed agreements to sell 1.4 million tonnes per annum (mtpa) of liquefied natural gas from an Indonesian deepwater project to state-run company Pertamina.

Commodities
Glencore Is Latest Firm Talking with Iran Over Future Oil Business
(Thursday, July 02, 2015) Global mining and commodity trading firm Glencore met with Iranian officials in Tehran to discuss possible business deals should economic sanctions be lifted, industry sources said on Thursday.

Oil Flat As US Rig Count Rise Cools Gains, Gasoline Jumps
(Thursday, July 02, 2015) Crude oil prices end little changed as the first weekly gain in the US rig count this year pared earlier gains.

Strong Truck, SUV Demand Helped Ford, GM Raise Prices in June
(Wednesday, July 01, 2015) Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks.

China Launches New Oil and Gas Trading Platform - Xinhua
(Wednesday, July 01, 2015) A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing.

WTI-Brent Spread Hits 3-Wk High After Surprise US Oil Stock Build
(Wednesday, July 01, 2015) US crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in 3 weeks.

Finance & Acquisition
NiSource, Columbia Pipeline Complete Separation
(Thursday, July 02, 2015) NiSource Inc. and Columbia Pipeline Group (CPG) announced Thursday that the separation of the two companies was completed successfully through a distribution of all the common stock of CPG held by NiSource to NiSource shareholders.

Enbridge Acquires Stake in Fairwood LNG
(Wednesday, July 01, 2015) Enbridge has made a five percent equity investment in Fairwood LNG.

Vitol, Helios Pay $276 Million for Nigerian Downstream Business
(Tuesday, June 30, 2015) Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million.

Total Said to Be in Talks to Sell U.K. Pipeline to ArcLight
(Thursday, June 25, 2015) Total SA, Europe's second-biggest oil company, is in exclusive talks to sell its gas pipeline in the U.K.'s North Sea to ArcLight Capital Partners, according to two people familiar with the matter.

Bayer Plans to List Plastics Unit as Early as October - Sources
(Wednesday, June 24, 2015) Analysts currently estimate the potential value of the plastics company at more than 10 billion euros ($11 billion).

People on the Move
Top Social Media Dos and Don'ts When Looking for a Job
(Thursday, July 02, 2015) Find out which best practices will help you maintain your social media channels while seeking employment.

Ghana Replaces Head of Troubled Tema Oil Refinery
(Monday, June 29, 2015) Ghana's President John Mahama has replaced the head of the Tema Oil Refinery, the presidency said on Monday, in yet another management change at the cash-strapped 45,000 barrel-per-day plant.

Nigerian President Dissolves State Oil Company Board
(Friday, June 26, 2015) Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.

ExxonMobil VP Shares Industry Career Perspectives
(Thursday, June 25, 2015) Margaret Mattix of ExxonMobil stresses the importance of being open and identifying behavioral strengths when navigating a career path.

Millennials: Job Hopping or Advancing Careers?
(Friday, June 19, 2015) Recent statistics show younger workers are more apt to voluntarily leave jobs and believe they can find jobs quicker than their older counterparts.






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