Six Ways An Energy Company Can Plan for Disaster
Six Ways An Energy Company Can Plan for Disaster

Wednesday, March 04, 2015 In addition to the normal disasters that industries in manufacturing face, firms in the oil and gas industry face their own.
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Outlook & Insights
Six Ways An Energy Company Can Plan for Disaster
(Wednesday, March 04, 2015) In addition to the normal disasters that industries in manufacturing face, firms in the oil and gas industry face their own.

Exxon CEO: Get Used to Lower Oil Prices
(Wednesday, March 04, 2015) Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.

COLUMN-PetroChina, Sinopec Merger Makes Little Sense
(Friday, February 27, 2015) The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.

EU Unveils Vast Plan to Merge 28 Energy Markets
(Wednesday, February 25, 2015) The European Union's executive has unveiled a vast plan to boost coordination between the EU's 28 national energy markets to wean Europe off unstable Russian gas supplies and provide cheaper energy for consumers.

COLUMN-Keystone Shows Environmental Review Process Is Broken
(Wednesday, February 25, 2015) Keystone has become a totemic issue for both environmental campaigners and the oil industry.

Federal Charges: USW Officials Intimidating Shell, LyondellBasell Workers
(Wednesday, March 04, 2015) The charges filed with the National Labor Relations Board allege that officials with two Texas USW locals are resorting to harassing, coercing, and threatening workers for refusing to abandon their jobs.

Union Says It Will Resume Talks Monday with U.S. Refining Companies
(Wednesday, March 04, 2015) Labor leaders and oil company representatives will resume face-to-face talks on Monday in Houston in a bid to agree on a new contract that would end the biggest U.S. refinery strike in 35 years, the United Steelworkers union said on Wednesday.

Environmentalists File Suit Over California Oil Refinery Project
(Wednesday, March 04, 2015) Environmentalists in California filed a lawsuit on Wednesday against Contra Costa County over its approval last month of a plan to increase propane recovery at Phillips 66's Rodeo refinery.

Tensions Flare as Picket Lines Crossed in U.S. Refinery Strike
(Tuesday, March 03, 2015) Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies pushing laborers to return to work by saying they could lose their bonuses.

Shell Pernis Refinery to Undergo Planned Maintenance Until Early May
(Tuesday, March 03, 2015) Shell's 400,000 barrel per day Pernis refinery in the Netherlands, one of Europe's largest, has begun planned maintenance that will close large parts of the plant until early May, Shell's Dutch language website said.

Google Invests $300 Million in U.S. Residential Solar Program
(Thursday, February 26, 2015) SolarCity Corp on Thursday said it created a $750 million fund to finance about 25,000 residential solar projects, with Google Inc investing nearly half the funding.

ADM Cuts Biodiesel Output as Industry Hit by Weak Margins
(Wednesday, February 25, 2015) Archer Daniels Midland , one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand.

EU Lawmakers Back New Limit for Food-based Biofuel
(Tuesday, February 24, 2015) A European Parliamentary committee on Tuesday backed a new limit on traditional biofuels made from food crops that critics say stoke inflation and do more harm than good to the environment.

New USDA Report Shows Increased Corn Use for Ethanol, Less Sorghum
(Friday, February 20, 2015) Use of U.S. corn in ethanol production increased 5 percent in December while sorghum use for biofuel tumbled 57 percent from the previous month, the U.S. Department of Agriculture said in a new monthly report on Thursday.

U.S. EPA to Propose Biofuels Standards This Spring -Official
(Thursday, February 19, 2015) The U.S. Environmental Protection Agency plans to offer a proposal for Renewable Fuels Standards for 2014, 2015, and 2016 this spring, and will use actual production levels to determine last year's mandated volumes, an official said on Thursday.

Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years
(Wednesday, March 04, 2015) Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says.

Japan's Maruzen Says Shuts Naphtha Cracker for Maintenance
(Tuesday, March 03, 2015) Japan's Maruzen Petrochemical Co said on Tuesday it had shut its 525,000 tonnes per year naphtha cracker in Chiba for maintenance.

Dow, ACS Seek to Fill Gap in STEM Education
(Tuesday, March 03, 2015) Do you know a chemistry teacher who would benefit from this new partnership?

U.S. Top Court Declines to Hear Foam Manufacturers' Appeal
(Monday, March 02, 2015) The U.S. Supreme Court on Monday allowed to move forward antitrust class action claims against various manufacturers of polyurethane foam that face accusations of price-fixing.

German Chemicals Industry Cuts 2015 Outlook for Revenue, Prices
(Wednesday, February 25, 2015) German chemicals trade group VCI on Wednesday cut its forecast for industry revenue and prices charged to customers in 2015, as lower oil prices lead to product mark-downs and amid weak growth in Germany and the rest of Europe.

Senate Fails to Override Obama's Veto of Pipeline Bill
(Wednesday, March 04, 2015) The Senate on Wednesday failed to override President Barack Obama's veto of a bill to construct the Keystone XL pipeline, the first of many confrontations between the Republican-controlled Congress and the White House this year over energy policy.

Honduras Expects to Join Expanded Mexico-Guatemala Gas Pipeline
(Wednesday, March 04, 2015) A gas pipeline between Mexico and Guatemala is likely to be extended to reach Honduras, helping the Central American country to become more competitive with cheaper energy, Honduran President Juan Hernandez said on Tuesday.

Bring Back Nabucco Pipeline, Bulgaria Says After South Stream Demise
(Wednesday, March 04, 2015) Bulgaria wants the European Commission to revive plans for the Nabucco pipeline that would pump gas from the Caspian Sea, after a Russian project seen as a rival was scrapped, Prime Minister Boiko Borisov said on Wednesday.

Canadian Oil Imports to U.S. Gulf Rise on Pipeline Startups
(Tuesday, March 03, 2015) The December startup of two major pipelines that move Canadian heavy crude to the United States helped increase U.S. Gulf Coast imports more than 12 percent from November, U.S. government data showed.

Alaska Environmental Officials Investigating Oil Line Leak
(Tuesday, March 03, 2015) Investigators are reviewing the cause of an oil production pipeline breach on Alaska's North Slope where upwards of 4,000 gallons (15,100 liters) of fluid spilled, state officials said on Monday.

Terminals & Storage
U.S. Oil Stockpiles Rise Twice as Much as Expected in Week -EIA
(Wednesday, March 04, 2015) U.S. crude stocks rose more than twice as much as expected last week, while gasoline stocks increased and distillate inventories fell, data from the Energy Information Administration (EIA) showed on Wednesday.

CME Group to Launch New Physical Crude Storage Contract
(Wednesday, March 04, 2015) The CME Group Inc will launch a physically delivered crude oil storage futures contract in the U.S. Gulf Coast at the end of March that traders say may be timely given record levels of stockpiles nationwide.

US Running Out of Room to Store Oil; Price Collapse Next?
(Tuesday, March 03, 2015) The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

Oil Glut at a Glance: Where the US Stores Its Oil
(Tuesday, March 03, 2015) A glut of crude oil has pushed the amount of crude in the U.S. to record levels.

Ohio Sues BP for More Than $33M in Cleanup of Storage Tanks
(Tuesday, March 03, 2015) The state of Ohio is suing oil and gas company BP for more than $33 million, alleging it double dipped by taking state funds and money from insurers to clean up accidental leaks from underground storage tanks.

Indonesia Expects 60% Increase in Gas Demand Over Next 5 Years
(Wednesday, March 04, 2015) Indonesia will need an additional 1,300 million standard cubic feet per day of gas supplies within 5 years, to meet forecast demand, an energy ministry official says.

EWC Expects Sengkang LNG Project in Sulawesi to Start-up Later This Year
(Wednesday, March 04, 2015) Energy World Corp. expects the Sengkang liquefied natural gas project in South Sulawesi, Indonesia to commence operations before the end of 2015.

BG Group Sees Its Australian Project Helping to Double LNG Supplies
(Wednesday, March 04, 2015) A smooth start to operations at BG Group's Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16, it said on Wednesday.

Abu Dhabi to Shut Two LNG Trains for Maintenance from March 15-Sources
(Wednesday, March 04, 2015) Abu Dhabi's ADGAS will shut down two of its liquefied natural gas (LNG) production plants, or trains, from March 15 until April 19 for routine maintenance, two sources with knowledge of the matter said.

Small, Medium or 'Right-sized', Incremental Projects Broaden LNG's Reach
(Monday, March 02, 2015) Smaller liquefaction projects represent a growth area for the LNG sector.

US Oil Rises, Brent Pares Losses On Iran News
(Wednesday, March 04, 2015) US oil rises and benchmark Brent pares losses as OPEC member Iran stresses that it opposed a timeline for a freeze on nuclear activities.

India's Fuel Demand Projected to Rise 3.3 Pct in 2015/16
(Wednesday, March 04, 2015) India's annual oil products demand is forecast to grow 3.3 percent in the next fiscal year as Prime Minister Narendra Modi's focus on local manufacturing and economic expansion will raise consumption of industrial fuels.

US Auto Sales Up in February Despite Snowy Weather
(Tuesday, March 03, 2015) Freezing temperatures and drifts of snow took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy.

Trading Cushions Glencore from Commodity Price Plunge
(Tuesday, March 03, 2015) A 15 percent rise in earnings at Glencore's trading division partially offset a hit last year from the slide in commodity prices, leaving the mining company's core profit just two percent lower.

Oil Up As Netanyahu Blasts Iran In Speech; Libyan Forces Fight
(Tuesday, March 03, 2015) Oil rebounds as Israeli PM Netanyahu warns the Obama administration against accepting a weak nuclear deal with Iran, and rival Libyan forces target oil terminals in the African nation.

Finance & Acquisition
Shipping Industry Faces Shake Up as Private Equity Unwinds Bets
(Tuesday, March 03, 2015) As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry.

BoE Warns Insurers of Possible 'Huge Hit' Over Fossil Fuels
(Tuesday, March 03, 2015) Insurers may face a "huge hit" if they end up being wrongfooted by rule changes linked to climate change, the Bank of England (BoE) said on Tuesday.

Petrobras Asset Sale Plan Aims at Minority Stakes - Source
(Tuesday, March 03, 2015) Petrobras will focus its $13.7 billion asset-sale plan on minority stakes, a move aimed at raising cash without giving up control of its oil fields, power plants and utilities, a source with direct knowledge of company plans said on Tuesday.

Thai Star Petroleum Refining Set for IPO - Ministry
(Monday, March 02, 2015) Thai oil refiner Star Petroleum Refining Co (SPRC) is expected to sell at least A 30 percent stake in an initial public offering in the second quarter of 2015, a senior official at the Thai energy ministry said.

Report: China, North America to Drive Chemicals M&A in 2015
(Monday, March 02, 2015) Global Chemicals M&A deal value grew by 13 percent in 2014 and is expected to experience an increase in 2015, according to the fourth edition of the Chemicals Executive M&A Report by A. T. Kearney, a leading global management consulting firm.

People on the Move
Marathon Petroleum Makes HQ Management Changes
(Tuesday, March 03, 2015) Marathon Petroleum Corp. (MPC) President and Chief Executive Officer Gary R. Heminger Tuesday announced a series of key management changes at MPC headquarters.

In OMV Poker, CEO Roiss Might Stay Beyond June Exit Deadline-Sources
(Tuesday, March 03, 2015) Gerhard Roiss, chief executive of Austrian energy group OMV, might stay on beyond a June deadline that cut his original contract short after management infighting, sources have told Reuters.

Dakota Plains: Terminal Expansion Ahead of Schedule
(Monday, March 02, 2015) Dakota Plains Holdings, Inc. Monday announced operational and corporate developments to further grow stockholder value.

Applied LNG Promotes Duwadi to Engineering VP
(Monday, March 02, 2015) Applied LNG Monday announced the promotion of Kishore Duwadi to Vice President of Engineering.

Brazil's Petrobras Names Lawyer Navarro to Board
(Friday, February 27, 2015) Brazilian state-run oil company Petroleo Brasileiro SA on Friday said Luiz Navarro, a lawyer who has specialized in anti-corruption legislation, was elected to its board of directors.

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