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LyondellBasell to Build PO/TBA Plant on Gulf Coast
(Friday, August 29, 2014) The preliminary timetable is to have the plant operational in 2019, and the project is expected to generate up to 1,200 construction jobs at its peak.
Chicago Wholesale Gasoline Prices Rise on BP Whiting Refinery Fire
(Thursday, August 28, 2014) BP says it expects minimal impact from the blaze Wednesday at the Indiana refinery. One worker was taken to an area hospital but later released.
Iraq to Appeal U.S. Court Decision on Kurdish Oil
(Thursday, August 28, 2014) The Iraqi oil ministry said on Thursday it would challenge a U.S. court decision that stopped U.S. Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.
Brent Falls, US Crude Rises As Global Demand Seen Weak
(Thursday, August 28, 2014) Brent crude oil falls and US crude rises as ample global supply and lackluster demand pressure the global benchmark.
COMMENTARY: US Energy Boom Better Than Sanctions Against Russia
(Wednesday, August 27, 2014) Competition in the form of increased U.S. energy exports is the last thing Russian President Vladimir Putin wants to see, so that's exactly what we should do.
U.S. State Dept. Lawyer Benes Is Latest Keystone XL Player to Go
(Wednesday, August 27, 2014) A U.S. State Department lawyer who played a key role in the Keystone XL pipeline review is moving on, sources said on Wednesday, the latest departure of a senior official involved with the long-delayed project.
U.S. Crude Stockpiles Drop As Refineries Maintain High Rates -EIA
(Wednesday, August 27, 2014) U.S. crude stocks fell more than expected last week as refineries maintained high rates, while gasoline stocks decreased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday.
Impasse Over Kurdish Tanker Near TX to Drag On, More Tussles Likely-Source
(Wednesday, August 27, 2014) A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said Tuesday.
Shell Fits Final Module on Alberta Oil Sands' First Carbon Capture Project
(Wednesday, August 27, 2014) It will capture more than 1 million tonnes of carbon dioxide each year from Shell's Scotford upgrader north of Edmonton and inject it 2 km under the Alberta prairies into impermeable layers of rock for permanent storage.
Alaska Voters Reject Repeal of 2013 Petroleum Tax
(Wednesday, August 27, 2014) Petroleum companies reportedly also linked a tax revision to an LNG project.
Crude Oil Little-Changed After Oil Inventory Draw, Cushing Build
(Wednesday, August 27, 2014) Crude oil futures settle flat after choppy trading, following a report that showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing storage hub.
Exxon Says Shutting FCC at Baytown TX Refinery for Work
(Tuesday, August 26, 2014) Exxon Mobil Corp has shut a gasoline-making fluid catalytic cracking unit (FCCU) at its 560,500 barrels-per-day (bpd) refinery in Baytown, Texas, for "several weeks" of planned work, the company confirmed on Tuesday.
U.S. Court Scraps Order to Seize Kurdish Crude from Tanker Near Texas
(Tuesday, August 26, 2014) A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse.
Lifting U.S. Oil Export Ban Will Lift Sector Credit Scores -S&P
(Tuesday, August 26, 2014) Producers, pipeline and storage operators, and oilfield service companies will get a credit ratings boost if the United States lifts its ban on most crude oil exports, the ratings agency Standard & Poor's said on Tuesday.
BNSF Train Carrying LPG Derails in Manitoba, No Leaks or Injuries
(Tuesday, August 26, 2014) A Burlington Northern Santa Fe train carrying liquefied petroleum gas derailed in Emerson, Manitoba, on Tuesday, prompting the Royal Canadian Mounted Police to evacuate 40 people from nearby homes as a precaution.
Feds: ExxonMobil to Pay Civil Penalty for La. Pipeline Spill
(Tuesday, August 26, 2014) ExxonMobil Pipeline Co. has agreed to pay a civil penalty for an alleged violation of the Clean Water Act stemming from a 2012 Louisiana crude oil spill, the U.S. Department of Justice and the U.S. Environmental Protection Agency (EPA) announced.
Williams Launches Open Season for Transco Expansion
(Tuesday, August 26, 2014) The Diamond East Project is being designed to provide up to 1 bcf/d of new natural gas transportation capacity from Williams' Leidy Line in Lycoming and Luzerne counties in Pennsylvania to its Market Pool at Station 210 in Mercer County, N.J.
Dakota Gold, TrailStone to Develop N.D. Oil Terminal
(Tuesday, August 26, 2014) The Plaza Terminal will provide refiners, marketers and producers with new options for reaching multiple markets across the United States and Canada via rail and pipeline.
US Crude Rises On Supportive Data, Brent Slips
(Tuesday, August 26, 2014) US crude rises as supportive US economic data overshadowed concerns about slowed growth in other oil consuming economies and ample global oil supplies.
Kinder Morgan Clears Regulatory Milestone Toward Acquisition
(Tuesday, August 26, 2014) Kinder Morgan, Inc. Monday announced the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) for its proposed acquisition of Kinder Morgan Energy Partners, L.P.