Indonesia's Pertamina Seeks US LNG Supply, Shale Equity

Wednesday, October 01, 2014 Indonesia's state oil and gas firm is looking overseas to fill gaps left by declining domestic output and higher demand.
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  Current Downstream Headlines

Outlook & Insights
Ease the Squeeze on Profitability with Effective Energy Management
(Wednesday, October 01, 2014) Many refineries and chemicals companies fail to recognize that energy management needs to be an on-going commercial priority, argues an executive with AspenTech.

COLUMN-Saudi Focus on Asia May Result in Cheaper Crude
(Tuesday, September 30, 2014) Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region.

COLUMN-Free Trade in Crude Oil Is In U.S. Interests
(Tuesday, September 30, 2014) Export opponents imply jobs might be lost and refineries might close if the ban were lifted, but there is no real reason to expect either outcome, argues Reuters analyst.

COLUMN-Time for a Good Sweating in the Oil Market
(Monday, September 29, 2014) U.S. demand for petroleum products has experienced an unprecedented and broad-based decline over the last eight years as soaring oil prices have forced consumers to become more efficient and seek cheaper alternatives.

Meet A Whiting Refinery Modernization Project Team Member
(Monday, September 29, 2014) Chemical engineer Gordon Finnie worked on the basic design for the sulphur recovery complex on BP's Whiting Modernization Project.

Refining
Poland's PKN Says Six People Injured in Fire at Plock Refinery
(Wednesday, October 01, 2014) Six people were injured in an explosion at one of the facilities in a refinery in Plock, a city in central Poland, the country's largest refiner PKN Orlen , which runs the refinery, said on Wednesday.

U.S. Crude Oil Stocks Fall Even As Refiners Cut Back
(Wednesday, October 01, 2014) U.S. crude stocks unexpectedly fell last week, while a sharp reduction in refinery runs also curbed gasoline and distillate inventories, data from the Energy Information Administration showed on Wednesday.

First Alaskan Crude in a Decade Heads to S.Korea As Shale Pressures Build
(Tuesday, September 30, 2014) South Korea's second-biggest refiner GS Caltex Corp will receive 800,000 barrels of Alaskan crude on October 10 after purchasing the oil on the spot market, a company source told Reuters.

Saras to Buy Eni's Processing Units Near Sarroch Refinery
(Tuesday, September 30, 2014) Italian refiner Saras said on Tuesday it had agreed to buy from oil and gas group Eni some processing units of a plant located in Sarroch, where Saras operates one of Europe's biggest refineries.

Enterprise to Build Delaware Basin Gas Plant, Pipelines
(Tuesday, September 30, 2014) Enterprise Products Partners plans to construct a new cryogenic natural gas processing plant in Eddy County, N.M., and associated natural gas and natural gas liquid pipeline infrastructure to facilitate growing production of NGL-rich natural gas.

Biofuels
A Decade After Welcoming Wind, States Reconsider
(Wednesday, October 01, 2014) Now that wind turbines stand tall across many parts of the nation's windy heartland, some leaders in Oklahoma and other states fear their efforts succeeded too well.

US, California Release Roadmap for Solar Projects
(Tuesday, September 23, 2014) Interior Secretary Sally Jewell on Tuesday unveiled a proposed roadmap for developing massive solar and wind projects in California's Mojave Desert while trying to minimize damage to desert habitat and animals.

Israeli Firm Looks to Keep Solar Power Generators Running at Night
(Monday, September 22, 2014) An Israeli solar power company, Brenmiller Energy, says it has developed a new, more efficient way to store heat from the sun that could give a boost to the thermal solar power industry by enabling plants to run at full capacity night and day.

Governor Brown Seeks More Electric Cars in California
(Monday, September 22, 2014) California Governor Jerry Brown signed several legislations on Sunday to encourage the electric car market in the state, which accounts for 40 percent of all electric vehicles sold in the United States.

US to Train Veterans to Install Solar Panels
(Thursday, September 18, 2014) The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday.

Petrochemical
California Becomes First U.S. State to Ban Plastic Grocery Bags
(Tuesday, September 30, 2014) Under the new law, grocery stores and pharmacies are required to stop providing single-use plastic bags by July 2015, while convenience and liquor stores will have an additional year to phase them out.

Huntsman to Add MDI Plant at Louisiana Site
(Tuesday, September 30, 2014) Huntsman Corp. announced that it has commenced preliminary engineering to expand production of methylene diphenyl diisocyanate (MDI) by investment in a new, world scale MDI plant at its Geismar, La., site.

Saudi Sipchem Says Affiliate Restarts Butanediol Plant
(Monday, September 29, 2014) An affiliate of Saudi International Petrochemical Co (Sipchem) restarted butanediol production on Monday after scheduled maintenance, Sipchem said.

Ineos Takes Position in UK Shale, Plans Local Pay-outs
(Monday, September 29, 2014) Should Britain start producing large volumes of shale gas, it would benefit Ineos ' petrochemical plant and refinery in Grangemouth, Scotland, by providing it with a cheap input resource.

Kinder Morgan Reveals Anchor Shipper for Utica-Ontario Pipeline
(Monday, September 29, 2014) The approximately $500 million pipeline project is expected to be in service by early 2018 with the receipt of timely permitting and regulatory approvals.

Pipelines
Maze Of Federal Oversight Impedes North Dakota's Anti-Flaring Push
(Wednesday, October 01, 2014) North Dakota's oil producers will struggle to comply with aggressive rules taking effect designed to curb the wasteful burning of natural gas, hindered by lengthy federal reviews of crucial pipelines.

Republicans Craft 2015 Plan To Force Obama's Hand On Keystone
(Wednesday, October 01, 2014) Republicans plan to put approval of the Keystone XL pipeline on a fast track if they win a US Senate majority in November, forcing President Obama to make a tough call on the controversial plan.

Kinder Morgan Extends Palmetto Open Season
(Wednesday, October 01, 2014) The proposed Palmetto Project, which offers shippers a new refined products service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to points in South Carolina, Georgia and Florida.

Enbridge Eyes Mainline Oil Pipe Expansion If Demand Strong
(Tuesday, September 30, 2014) Depending on volume growth, Enbridge could also consider a new line to the eastern U.S. Gulf Coast, though no plans are imminent.

Spain's Enagas Joins TAP Pipeline to Bring Azeri Gas to Europe
(Tuesday, September 30, 2014) Spain's Enagas has bought out two shareholders in a pipeline project to bring Azeri gas to Europe, the Trans Adriatic Gas Pipeline (TAP) said, joining an effort to reduce the region's dependence on Russian gas.

Terminals & Storage
U.S. Crude Oil Stocks Fall Even As Refiners Cut Back
(Wednesday, October 01, 2014) U.S. crude stocks unexpectedly fell last week, while a sharp reduction in refinery runs also curbed gasoline and distillate inventories, data from the Energy Information Administration showed on Wednesday.

Canada Launches World's Largest Commercial Carbon-capture Project
(Wednesday, October 01, 2014) Canada will launch the world's first commercial-scale carbon capture and storage project at a coal-fired power plant on Thursday, a closely watched experiment designed to cut 90 percent of the plant's carbon emissions.

Oil, Rail Industries Want 7 Years to Fix Tank Cars
(Tuesday, September 30, 2014) The oil and railroad industries are urging U.S. regulators to allow them as long as seven years to retrofit existing tank cars that transport highly volatile crude oil, a top oil industry official said Tuesday.

First Alaskan Crude in a Decade Heads to S.Korea As Shale Pressures Build
(Tuesday, September 30, 2014) South Korea's second-biggest refiner GS Caltex Corp will receive 800,000 barrels of Alaskan crude on October 10 after purchasing the oil on the spot market, a company source told Reuters.

German Gas Storage Full, But Operators Seen As Week
(Monday, September 29, 2014) Full German gas storage facilities just ahead of winter mask the fact that operators do not earn enough to keep them open over the long term, one of the top players in the industry said on Monday.

LNG / LPG
Indonesia's Pertamina Seeks US LNG Supply, Shale Equity
(Wednesday, October 01, 2014) Indonesia's state oil and gas firm is looking overseas to fill gaps left by declining domestic output and higher demand.

Finland, Estonia Postpone LNG Plants Plan, Stick with Russian Supply
(Wednesday, October 01, 2014) Plans to build a regional liquefied natural gas (LNG) import terminal in Finland will be postponed indefinitely, officials at the country's economy ministry said on Wednesday.

Thailand's PTT Eyes Third LNG Terminal in Myanmar
(Wednesday, October 01, 2014) Thailand's biggest energy company is looking to build a third LNG terminal in Myanmar to help secure energy supply in the Southeast Asian country, a senior executive said on Wednesday.

U.S. FERC Approves Dominion's Cove Point LNG Export Facility
(Tuesday, September 30, 2014) Dominion Resources' plan to export LNG from its Cove Point, Md., terminal is the first one on the East Coast.

Philippines' Energy Mix Plans Could Open Door Wider to LNG Imports
(Tuesday, September 30, 2014) Higher purchases from the Philippines would be welcome news for major LNG producers such as Chevron , ExxonMobil and Total.

Commodities
Oil Falls As Bearish Trend Continues, Saudi Lowers Prices
(Wednesday, October 01, 2014) Oil prices fall toward $94 a barrel, continuing a three-month losing stretch as weak economic signals from China and Europe and ample global supply continue to weigh.

Mexico Has Started Oil Hedging Program - Videgaray
(Wednesday, October 01, 2014) Mexico has started its oil hedging program for 2015, Finance Minister Luis Videgaray told Reuters on Wednesday, but gave no further details.

Germany Issues Warrants for Two in $171 Mln CO2 Trading Fraud Probe
(Tuesday, September 30, 2014) German authorities on Tuesday sought the arrest of two Pakistani nationals on suspicion of tax evasion of 136 million euros ($171 million) related to the European carbon market, widening a carbon trading probe that has also drawn in Deutsche Bank.

Oil Drops To Two-Year Lows, Capping Quarter-Long Rout
(Tuesday, September 30, 2014) World oil prices tumble to their lowest in more than two years on, with US crude posting its biggest daily decline since 2012.

Platts to Adopt Month-ahead Brent Assessment in Feb 2015
(Monday, September 29, 2014) Oil pricing agency Platts plans to lengthen the loading period of North Sea crude cargoes it uses in its dated Brent oil benchmark to a full month starting next February.

Finance & Acquisition
Enterprise Products Buys Oiltanking Partners in $4.4 Bln Deal
(Wednesday, October 01, 2014) Pipeline company Enterprise Products Partners LP said on Wednesday it would buy crude storage provider Oiltanking Partners LP for $4.41 billion, a strategic move that will expand its export platform on the U.S. Gulf Coast.

TransCanada Sells Stake in Bison, Hints at Accelerating Drop Downs
(Wednesday, October 01, 2014) Canadian pipeline operator TransCanada Corp sold its 30 percent interest in Bison Pipeline LLC to its master limited partnership on Wednesday, and hinted it may speed up such drop-down transactions in the months ahead.

Egypt's Sidi Kerir Aims to Boost Revenues by 18 Pct in 2-1/2 Years
(Monday, September 29, 2014) Egypt's Sidi Kerir Petrochemicals hopes to increase its revenues by about 18 percent over the next two and half years, its chairman told Reuters in an interview.

Asian Development Bank Sells Entire Stake in India's Petronet LNG-BSE Data
(Friday, September 26, 2014) Asian Development Bank (ADB) sold its entire 5.2 percent stake in Indian gas supplier Petronet LNG Ltd for 7.14 billion rupees ($116.8 million) on Friday via block deals, BSE data showed.

Shell Sells India Bitumen Plant to Gulf Petrochem
(Thursday, September 25, 2014) The acquisition will complement the construction of a high-capacity storage terminal for various petroleum products at Pipavav in Gujarat and meet the ever increasing demand for Bitumen Specialty products in West and North India.

People on the Move
Quarterman, Regulator for U.S. Oil Trains, to Step Down -Sources
(Wednesday, September 24, 2014) Cynthia Quarterman, the federal regulator who oversaw expansion of the U.S. oil train sector and the fallout from several fiery derailments, will step down, two sources familiar with her intentions said on Wednesday.

Total Promotes One of Its US Oil Trading Experts to Chief Trader
(Tuesday, September 23, 2014) French oil major Total has appointed one of its U.S. oil trading experts, Thomas Waymel, as the new global head of trading and shipping, replacing long-serving chief trader Pierre Barbe.

Bayer Names Frank Lutz As MaterialScience CFO
(Tuesday, September 23, 2014) Germany's Bayer named Frank Lutz as chief financial officer of its plastics unit MaterialScience, which it plans to float on the stock market as a separate company.

Lithuania Appoints Oil Terminal Firm CEO As Energy Minister
(Monday, September 22, 2014) Lithuania President Dalia Grybauskaite has appointed the chief executive of oil terminal company Klaipedos Nafta as the country's energy minister, the president's office said on Monday.

OMV Won't Reshuffle Management Until Review Done - Chairman
(Thursday, September 18, 2014) OMV is increasingly focused on its upstream exploration projects to cut reliance on refining and marketing operations and made its biggest acquisition by buying Statoil North Sea assets worth $2.65 billion last year.






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