Applying emerging technologies to operations will be important for Australia to overcome the remoteness of its LNG industry to remain globally competitive, Accenture says.
Accenture: Remote AU Workforces Must Connect with Technology

Friday, September 23, 2016 Applying emerging technologies to operations will be important for Australia to overcome the remoteness of its LNG industry to remain globally competitive, Accenture says.
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  Current Downstream Headlines

Outlook & Insights
ExxonMobil: Population, Economic Growth Driving Future Energy Demand
(Thursday, September 22, 2016) ExxonMobil's Rob Gardner says the world's energy demand will be driven primarily by population and economic growth.

Apparently There Really Is a Great Future in Plastics: Gadfly
(Thursday, September 22, 2016) Chemicals have long been Big Oil's poor cousin.

What Oil, Gas Companies Want from IoT Startups
(Wednesday, September 21, 2016) Industry officials discuss what oil and gas companies are looking for in terms of Internet of Things technologies.

COLUMN-Coal's Cost Advantage Over LNG Slipping, but Not Yet Enough
(Tuesday, September 20, 2016) Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over LNG in generating electricity.

How Much Cleaner Really Is a Tesla? Depends on Where You Are
(Tuesday, September 20, 2016) How much cleaner are electric cars than the fossil-fuel powered alternative? The answer depends on exactly where you charge the batteries.

Refining
Venezuela PDVSA Says Isla Refinery Lease Not Up for Negotiation Yet
(Friday, September 23, 2016) Venezuelan state oil company PDVSA on Thursday said its lease of Curacao's Isla refinery was not up for negotiations yet, days after the island announced a preliminary deal with China's Guangdong Zhenrong Energy to operate the complex.

Asia Oil Refiners Hungrily Eye 300-item Global Oil Smorgasbord
(Friday, September 23, 2016) Asia's oil refiners can choose from a sprawling buffet of over 300 crudes from every continent except Antarctica as a combination of cheap freight and rising supplies leaves buyers overwhelmed by the variety of oil grades on offer.

S.Korea's GS Caltex Buys U.S. Eagle Ford Crude for November Arrival
(Friday, September 23, 2016) South Korea's GS Caltex Corp has bought U.S. Eagle Ford crude for the first time, a spokesman said on Friday, highlighting the increasing global reach of U.S. crude supplies since the country lifted its export ban last year.

Venezuela PDVSA Awards $138 Mln Contract to Tackle Petcoke Problem
(Friday, September 23, 2016) Venezuelan state oil company PDVSA said on Friday that Maroil Trading Inc has won a $138 million contract to remove a large pile of petroleum coke at the Jose solids terminal in the eastern state of Anzoategui.

Imperial Sees Syncrude, Suncor Mines Sharing to Cut Costs
(Thursday, September 22, 2016) Imperial Oil Ltd. and Suncor Energy Inc. are looking for more ways to shave costs at their Syncrude joint venture by sharing trucks, storage and other resources with nearby operations owned by Suncor, Imperial's CEO said.

Biofuels
Brazil's Petrobras Says to Exit Biofuels Production
(Tuesday, September 20, 2016) Brazil's state-controlled oil company Petróleo Brasileiro SA said on Tuesday it will exit the biofuels sector, as the heavily indebted company seeks to prioritize investment in crude oil and gas production.

Trump Caught Between Corn, Oil Interests on Renewable Fuels
(Friday, September 16, 2016) The Republican presidential candidate's struggle to appease the antagonistic industries was in the spotlight Thursday.

EU Court Annuls Dumping Duties on Argentina, Indonesia Biodiesel
(Friday, September 16, 2016) A European Union court delivered a series of rulings on Thursday to annul anti-dumping duties imposed on exporters of biodiesel from Indonesia and Argentina.

Green Jet Fuel From Steel Mill Waste Debuted by Virgin Atlantic
(Wednesday, September 14, 2016) A company partnered with Virgin Atlantic Ltd. has created a green jet fuel made from waste industrial gases from steel mills.

Icahn-Hated Fuel Mandate Makes Big Profit for Gas-Station Owners
(Wednesday, September 14, 2016) Filling-station operators and suppliers who mix their own gasoline with ethanol or biofuel are enjoying a profit bonanza by selling renewable-fuel credits to refiners.

Petrochemical
First US Shale Gas Shipment to Arrive in Britain, Serenaded by Scots Piper
(Thursday, September 22, 2016) Chemicals giant Ineos will be importing ethane in a foretaste of larger deliveries of LNG from shale set to reach Europe in 2018.

A $24 Billion China Refinery Sees a Great Future in Plastics
(Wednesday, September 21, 2016) A new $24 billion Chinese refinery that'll use as much crude oil as some of Asia's biggest plants is set to take on rivals by helping make plastic bottles rather than fuel for cars.

Saudi KAD Wins Saudi Aramco Strategic Pipeline Projects
(Tuesday, September 20, 2016) The pipelines will significantly expand Saudi Aramco's capabilities for delivering sales gas to power plants and petrochemical facilities throughout the Kingdom of Saudi Arabia.

Shell Starts New Heart Cut Splitter at Netherlands Refinery
(Friday, September 16, 2016) Shell announced that it has formally marked the start-up of a new aromatics unit at its Pernis refinery in Rotterdam, the Netherlands. An executive said construction finished several months early.

Three Firms Vie for BP's China Petrochemicals Plant - Sources
(Thursday, September 15, 2016) At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said.

Pipelines
Oil-Sands Glut Jams Pipes to U.S., Making Rail Next Option
(Friday, September 23, 2016) Supplies from the oil sands are piling up as producers bring back output and projects that had been delayed by Alberta wildfires come online.

Trump Vows to Speed Energy Projects as Obama Halts Pipeline
(Friday, September 23, 2016) The U.S. auto industry got strong backing from Republicans in Congress as it petitions the federal government for an easing of fuel-economy rules that carmakers say they cannot meet with low gasoline prices.

Company Buys Land Near North Dakota Pipeline Route -Report
(Friday, September 23, 2016) The company behind the Dakota Access pipeline has bought more than 6,000 acres of land adjacent to the line's route in North Dakota, parcels the Standing Rock Sioux tribe says contain historical artifacts, according to media reports.

Colonial Says Gasoline Line Safely Restarted After Leak
(Thursday, September 22, 2016) Colonial Pipeline Co said its main gasoline line, Line 1, was safely restarted and returned to service on Wednesday after its biggest leak in nearly two decades squeezed supply and led to increased prices at the pump in the Southeast United States.

Native American Tribes Bring Dakota Pipeline Fight to U.S. Congress
(Thursday, September 22, 2016) Targets include projects proposed by Kinder Morgan Inc, TransCanada Corp and Enbridge Inc.

Terminals & Storage
Oil-Sands Glut Jams Pipes to U.S., Making Rail Next Option
(Friday, September 23, 2016) Supplies from the oil sands are piling up as producers bring back output and projects that had been delayed by Alberta wildfires come online.

U.A.E. Oil Port at Fujairah Opens Crude Jetty to Boost Hub Role
(Wednesday, September 21, 2016) Fujairah is the U.A.E.'s only sheikhdom fully outside the Strait of Hormuz, a shipping chokepoint at the entrance to the Persian Gulf.

Libya Exports First Oil Cargo from Ras Lanuf Since 2014-Port Manager
(Wednesday, September 21, 2016) Reopening Ras Lanuf for exports could be a major advance for the United Nations-backed government in Tripoli.

U.S. Crude Inventories Fall Unexpectedly for Third Week - EIA
(Wednesday, September 21, 2016) U.S. crude oil inventories fell sharply last week, the third consecutive week of unexpected declines, while gasoline stocks decreased nationwide but posted record builds on the Gulf Coast, EIA data showed on Wednesday.

India Wants to Add UAE, Saudi Oil for Strategic Reserve
(Wednesday, September 21, 2016) India is talking to the United Arab Emirates (UAE) and Saudi Arabia to fill half of the 1.5 million tonnes (mt) of the Mangalore strategic storage, along with Iranian crude, its oil minister said on Wednesday.

LNG / LPG
Accenture: Remote AU Workforces Must Connect with Technology
(Friday, September 23, 2016) Applying emerging technologies to operations will be important for Australia to overcome the remoteness of its LNG industry to remain globally competitive, Accenture says.

LNG Traders Eye One Last Egyptian Bonanza as Demand Nears Peak
(Friday, September 23, 2016) Egypt is seeking about 120 LNG cargoes for next year, worth about $2.4 billion at current spot prices in Singapore.

Petrobras Says May Mothball Ceara Thermal Plant, LNG Terminal
(Friday, September 23, 2016) Petrobras fears problems with its LNG regasification terminal in Ceara state and a nearby thermoelectric plant could force it to mothball the assets, which it put up for sale earlier this year, according to documents seen by Reuters on Friday.

PNG Government Prefers Exxon, Total Pursue 2nd LNG Project
(Thursday, September 22, 2016) Papua New Guinea is backing a new greenfield LNG facility led by France's Total SA in addition to an expansion of the existing $19 billion Exxon Mobil Corp. PNG LNG project.

Beijing Gas Group Awards LNG Tender to France's Engie
(Thursday, September 22, 2016) China's biggest city gas supplier, the Beijing Gas group awarded last month French gas utility firm Engie a tender for purchasing 10 cargoes of liquefied natural gas, the Chinese firm's chairwoman said on Thursday.

Commodities
Oil Sinks As OPEC Deal Seen Unlikely; Stocks Dip
(Friday, September 23, 2016) Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.

Oil Rises More On U.S. Crude Draw, Pares Gains On OPEC Doubt
(Thursday, September 22, 2016) Oil prices rally again, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut.

Oil Rises on Positive Inventory Data, Weaker Dollar
(Wednesday, September 21, 2016) Oil markets were anticipating fairly robust inventory drawdowns after the API released its estimates for the week ending Sept. 16.

Petrobras Mulls Lowering Brazil Fuel Prices in 2016 -O Globo
(Wednesday, September 21, 2016) Petroleo Brasileiro SA is considering lowering wholesale gasoline and diesel prices by year-end, which would be the first time since September 2015, O Globo newspaper said on Wednesday.

US Crude Up On Demand Hopes; Brent Down On OPEC Deal Skepticism
(Tuesday, September 20, 2016) US oil prices edged up on hopes the planned restart of country's main gasoline pipeline after a leak more than a week ago will boost demand.

Finance & Acquisition
Brookfield-led Group to Pay $5.2 Bln for Petrobras Natgas Unit
(Friday, September 23, 2016) Brazil's state-owned oil producer Petrobras agreed to sell 90 percent of a natural gas pipeline unit to a group led by Canada's Brookfield Asset Management Inc for $5.2 billion, the companies said on Friday.

Total Says to Cut Costs by a Further $1 Bln
(Thursday, September 22, 2016) French oil and gas giant Total raised its savings target and lowered its investment forecast on Thursday in further moves to weather prolonged oil price weakness.

Venezuela Would Benefit from PDVSA Bond Swap: Moody's
(Thursday, September 22, 2016) Venezuela's government would benefit from state oil company PDVSA's proposed $7 billion debt swap through improved cash flow and fewer difficulties in obtaining external financing, ratings agency Moody's Investor Service said on Thursday.

Snam-Allianz Consortium Wins Bid for 49 Pct of Gas Connect Austria
(Thursday, September 22, 2016) Italian gas grid company Snam said on Thursday its bid with Allianz to buy a 49 percent stake in pipeline company Gas Connect Austria had been successful, confirming what sources previously told Reuters.

SEC Probes Exxon's Climate, Reserves Accounting -Report
(Tuesday, September 20, 2016) The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its reserves in the wake of low oil prices and potential curbs on carbon emissions, the Wall Street Journal reported on Tuesday.

People on the Move
Shell Moving Out of Downtown Complex but to Remain in Houston
(Tuesday, September 20, 2016) Only Shell Oil's U.S. trading floor with remain in Shell Plaza after the first quarter of 2017, the company said in a statement.

CBI Promotes Mullen to Chief Operating Officer
(Tuesday, September 20, 2016) CB&I Tuesday announced that Patrick K. Mullen has been promoted to Chief Operating Officer, effective immediately.

Airswift, PCSI Align to Reduce Risks Surrounding Canadian Contractors
(Friday, September 16, 2016) Two companies align to help reduce the financial risks associated with dependent contractors in Canada.

Gazprom Executive Karen Karapetyan Named as Armenian PM
(Tuesday, September 13, 2016) Energy executive Karen Karapetyan was named prime minister of Armenia on Tuesday, a week after the abrupt resignation of his predecessor.

Should Your Personality Profile Guide Your Job Search?
(Friday, September 09, 2016) With the popularity of personality assessments, how helpful are they for job candidates in their job search?






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