Chinese Independents Get Foothold in LNG Trade as Restrictions Lifted
Chinese Independents Get Foothold in LNG Trade as Restrictions Lifted

Friday, May 22, 2015 China's independent buyers of LNG are taking their first cargoes of the fuel.
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  Current Downstream Headlines

Outlook & Insights
Big Energy Clashes With John Kerry on How to Fix Climate Change
(Thursday, May 21, 2015) Europe’s biggest energy companies clashed with U.S. Secretary of State John Kerry over who should move first on climate change, coarsening the debate on how to rein in air pollution that’s warming the planet.

Obama Scales Back Overly Ambitious Goals for Electric Car Use
(Thursday, May 21, 2015) President Barack Obama's long- standing goal to have a fully fuel-efficient government fleet and 1 million plug-in vehicles on the road will not be met.

For Gasoline Under $3, Look Anywhere in U.S. Except West Coast
(Wednesday, May 20, 2015) Might want to skip that road trip to Disneyland this summer.

COLUMN-How Do You Lose 100 Million Barrels of Oil?
(Wednesday, May 20, 2015) Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.

COLUMN-Shell-BG Deal May Be End Point Rather Than Harbinger
(Tuesday, May 19, 2015) There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap.

Refining
Saudi Oil Supply Outpaces Rivals in Grab for Record China Demand
(Friday, May 22, 2015) Saudi Arabia expanded its share of China’s oil market last month, outpacing rival producers as they compete to meet record demand from the world’s biggest energy consumer.

U.S. Seen Sticking to 'Blend Wall' in Long-awaited Biofuels Mandate
(Friday, May 22, 2015) U.S. authorities are set to shake up the nation's complex and contentious renewable fuels policy.

Saudi Arabia Rewrites Its Oil Game with Refining Might
(Friday, May 22, 2015) Saudi Arabia's rapid transition into one of the world's largest oil refiners adds an extra dimension to the oil exporter's role as the driver of OPEC policy.

Indonesia Seeks Exploration, Refining Investment Amid Bleak Energy Outlook
(Friday, May 22, 2015) Indonesia may have trouble attracting interest amid thinning returns, a depressed market and stiff global competition.

Thai PTT Says No Plan to Sell More Refineries after Star Petroleum IPO
(Friday, May 22, 2015) PTT PCL, Thailand's largest energy firm, has no plan to sell stakes in its oil refineries over the next few years after listing its 36-percent owned Star Petroleum Refining Co (SPRC) in late 2015, a senior executive said on Friday.

Biofuels
U.S. Seen Sticking to 'Blend Wall' in Long-awaited Biofuels Mandate
(Friday, May 22, 2015) U.S. authorities are set to shake up the nation's complex and contentious renewable fuels policy.

Nebraska Senators Urge EPA to Back Biofuels Industry
(Friday, May 22, 2015) A letter signed by 42 of Nebraska's 49 senators says the state's ethanol industry employs more than 1,300 workers and supports 3,300 other jobs.

Ethanol Shipments Disrupted at Kinder Morgan's Argo Hub
(Friday, May 22, 2015) Shipments of ethanol into Kinder Morgan's terminal at the U.S. hub of Argo, Illinois, were disrupted this week due to a train derailment at the company's terminal, a company spokesman told Reuters on Friday.

Global Bioenergies, Cristal Union Team Up for Bio-isobutene Plant
(Thursday, May 21, 2015) Chemical firm Global Bioenergies has formed a joint venture with sugar group Cristal Union to build France's first plant making isobutene from renewable sources, and plans a second in Germany, it said on Thursday.

Conservative Push for Solar Is Backed by Usual Green Advocates
(Friday, May 15, 2015) When Debbie Dooley, a Tea Party firebrand from Woodstock Georgia, makes the case for solar power, she doesn't rely on the usual environmental talking points.

Petrochemical
Husky, CNOOC Sign 10-yr Gas Deal with Indonesian Fertiliser Firm
(Friday, May 22, 2015) Husky-CNOOC Madura Ltd (HCML) signed a 10-year 373 billion cubic feet (bcf) gas sales-purchase agreement with Indonesian fertiliser firm Petrokimia Gresik at an industry conference in Jakarta on Friday.

Global Bioenergies, Cristal Union Team Up for Bio-isobutene Plant
(Thursday, May 21, 2015) Chemical firm Global Bioenergies has formed a joint venture with sugar group Cristal Union to build France's first plant making isobutene from renewable sources, and plans a second in Germany, it said on Thursday.

UAE's Borouge Says Third Phase Expansion to Reach Full Capacity by 2016
(Wednesday, May 20, 2015) United Arab Emirates petrochemical firm Borouge said on Wednesday that the third phase of its expansion, which is set to raise its annual production capacity to 4.5 million tonnes of polyolefins, would be fully operational by 2016.

Polyurethane Foam Makers Pay $275.5 Mln to End Price-fixing Case
(Tuesday, May 19, 2015) Mohawk Industries Inc and five other companies have agreed to pay a combined $275.5 million to settle lawsuits accusing them of conspiring to fix prices of polyurethane foam.

Malaysia's Petronas Chemicals Says Sabah Urea Plant to Start Up Early 2016
(Tuesday, May 19, 2015) Malaysia's Petronas Chemicals Group, a division of the country's national oil company, is expecting to start up its Sabah Ammonia and Urea (SAMUR) project early next year, about six months behind schedule, a senior company official said on Tuesday.

Pipelines
Oil Shouldn't Spoil Vacations for California Beach Tourists
(Friday, May 22, 2015) The slick from the pipeline, which burst and spewed into the ocean on Tuesday, now covers nine miles of ocean, but it's diluting as it spreads and is still 15 miles from Santa Barbara itself.

Regulators Order Pipeline Testing, Other Steps After Spill
(Friday, May 22, 2015) Federal regulators have ordered the company whose pipeline spilled thousands of gallons of oil across a California coastline to take a series of steps before it can restart the line.

Enbridge Can Expand Canadian Crude Movements to US Gulf Coast-Exec
(Friday, May 22, 2015) Enbridge Energy Partners LP says its Flanagan South and joint-venture Seaway pipeline systems can be expanded to move more Canadian heavy crude to the U.S. Gulf Coast, company president Mark Maki said on Friday.

South Jersey Gas Reapplies to Build Pinelands Pipeline
(Thursday, May 21, 2015) South Jersey Gas is again seeking permission to build a 22-mile natural gas pipeline in New Jersey's Pinelands.

Cleanup of Oil-fouled California Beach Enters Third Day
(Thursday, May 21, 2015) The cause of the rupture remained under investigation.

Terminals & Storage
NY to Require Further Review of Crude Oil Facility at Port
(Friday, May 22, 2015) New York state regulators said Thursday they'll require further environmental review before deciding whether to allow a fuel transport company to install facilities at the Port of Albany.

Canadian Oil’s Premium for Quick Delivery Grows as Stocks Drop
(Friday, May 22, 2015) Buyers of Canadian heavy crude who need the commodity right away are paying a widening premium as inventories plunge.

Washington State Judge Denies Shell Appeal on Rail Project Review
(Friday, May 22, 2015) A judge on Thursday denied Royal Dutch Shell's appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review.

Pipeline Spill Could Further Hamper Big California Oil Projects
(Friday, May 22, 2015) Refiners Valero Energy Corp and Phillips 66 want to use railways to transport cheap crude from onshore fields in North America to northern California refineries to displace more pricey foreign imports.

Oil Rout Spurs Canadian Pacific to Cut Shipments Forecast
(Thursday, May 21, 2015) Canadian Pacific Railway Ltd. cut its forecast for moving crude by rail for a second time in four months because of production delays and lower demand for the commodity.

LNG / LPG
Chinese Independents Get Foothold in LNG Trade as Restrictions Lifted
(Friday, May 22, 2015) China's independent buyers of LNG are taking their first cargoes of the fuel.

BG Takes Full Control of Australian LNG Production Site
(Thursday, May 21, 2015) British gas producer BG has taken full operational control of the first production facility, known as Train 1, at its Queensland Curtis LNG plant in Australia from builder Bechtel, marking the official start of commercial operations.

Woodside Sees Browse LNG Opening in 2021 at Earliest
(Thursday, May 21, 2015) Woodside Petroleum expects the long-delayed Browse gas project off Australia to be commissioned in late 2021 at the earliest, after pushing out a final investment decision to the second half of 2016, its chief executive said.

Egypt Permits Private Sector to Import Natural Gas
(Thursday, May 21, 2015) Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said, a step that could encourage private investment in the energy sector while easing energy shortages.

Japan Approves Third Nuclear Plant for Restart
(Thursday, May 21, 2015) Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster.

Commodities
Obama Climate Change Plan Seen Doubling Coal Plant Closures
(Friday, May 22, 2015) President Barack Obama’s signature effort to control carbon dioxide emissions would likely double the closure of coal-based power plants, according to a new U.S. Energy Department analysis.

Oil Down 2% Ahead Of Long US Memorial Day Weekend
(Friday, May 22, 2015) Oil falls about 2% as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices.

Oil Gains Over 2% On Inventory Draws, Iraq Fighting
(Thursday, May 21, 2015) Oil prices jump more than 2%, giving Brent its biggest rally in more than a week.

Cargill Says Remains Active in China and Singapore Fuel Oil
(Thursday, May 21, 2015) Commodities trader Cargill will remain active in China and Singapore's fuel oil market, a company official said on Thursday, rebutting industry talk it had shut its trading desk for the oil product,

Access to EU Energy Market Vital for UK - National Grid CEO
(Thursday, May 21, 2015) A place in Europe's energy market is vital for Britain, the head of National Grid said on Thursday, joining an increasing chorus of business leaders speaking out on the impact of a European Union referendum.

Finance & Acquisition
Energy Divestment Campaigns a 'Red Herring', Says Shell CEO
(Thursday, May 21, 2015) Royal Dutch Shell Chief Executive Ben van Beurden on Thursday slammed as a "red herring" calls for investors to divest from energy companies as part of the fight against climate change.

Billionaire Pickens Sold Refiners as Energy Stakes Fall by Third
(Friday, May 15, 2015) Billionaire oil investor T. Boone Pickens’s energy holdings fell by about a third in the first quarter after selling stakes in several refining companies.

Imperial Oil Begins to Accept Proposals for Esso Stations-Sources
(Friday, May 15, 2015) Imperial Oil is moving forward on plans to sell some 500 of its remaining company-owned Esso retail sites and has begun to accept proposals from interested bidders, according to four sources familiar with the process.

Pipeline Giant Williams Cos Scraps MLP Unit in $13.8 Bln Deal
(Wednesday, May 13, 2015) Pipeline giant Williams Cos is scrapping its master limited partnership unit by buying Williams Partners LP for about $13.8 billion, the latest in a series of deals in the pipeline industry aimed at simplifying corporate structures.

Saudi Aramco Said to Plan Up to $80 Billion Spending Abroad
(Monday, May 11, 2015) Saudi Arabian Oil Co., the world's largest oil exporter, is planning to spend between $70 billion and $80 billion on overseas acquisitions and investments during the next five years, three people with knowledge of the matter said.

People on the Move
OMV Names Packaging Group Mondi Manager as New Chairman
(Tuesday, May 19, 2015) Austrian energy company OMV on Tuesday named Peter Oswald, head of packaging group Mondi's Europe and International business , as the new chairman of its supervisory board.

BP Appoints Britain’s Former Spy Chief to Company Board
(Thursday, May 14, 2015) BP Plc, the former state-owned oil company with operations from Russia to Iraq, appointed the retired chief of Britain’s overseas spying network as a board member.

Statoil Shakes Up Management with New CFO, U.S. Chief
(Tuesday, May 12, 2015) Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October.

Norway's Gas System Operator Gassco Appoints New Chief
(Monday, May 11, 2015) Norway's state-owned gas system operator Gassco appointed Frode Leversund, 51, a vice president at Statoil, as its new chief executive officer, the company said on Monday.






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