Struggling To Make Electric Vehicles Mainstream

Thursday, July 24, 2014 Look for more government money to go to charging stations, subsidies for EV purchases, easier access to high occupancy vehicle lanes, and possibly clean vehicle mandates.
Read More

  Current Downstream Headlines

Outlook & Insights
Struggling To Make Electric Vehicles Mainstream
(Thursday, July 24, 2014) Look for more government money to go to charging stations, subsidies for EV purchases, easier access to high occupancy vehicle lanes, and possibly clean vehicle mandates.

Cost Overruns at Australia's LNG Projects May Not Hurt Competitiveness
(Wednesday, July 23, 2014) A very different scenario is playing out for Australia's LNG sector compared to what some envisioned earlier this decade.

EU Bosses Outline Energy Savings Goal to Cut Need for Russian Gas
(Wednesday, July 23, 2014) The European Commission put forward a target to improve energy savings as part of efforts to curb EU reliance on Russian gas imports.

Letter: France Backs 30% Energy Efficiency Goal
(Tuesday, July 22, 2014) France's energy minister throws her weight behind an energy savings goal of at least 30% for 2030 ahead of talks in Brussels to thrash out a target.

Do Crude Oil Export Permits Signal A Change In U.S. Policy?
(Tuesday, July 22, 2014) BIS appears to have changed the definition of what it means to be "processed through a crude oil distillation tower."

Refining
Pemex Restarting Halted Units At Madero Refinery After Blaze Extinguished
(Thursday, July 24, 2014) Pemex Restarting Halted Units At Madero Refinery After Blaze Extinguished

Mexico's Pemex: Work Halted at Ciudad Madero Refinery Due to Blaze
(Wednesday, July 23, 2014) Mexico's Pemex said work at its Ciudad Madero refinery in northern Mexico is being halted while it contains a blaze at a storage tank.

Brazil Prosecutor: Petrobras Cleared of Wrongdoing in Refinery Deal
(Wednesday, July 23, 2014) Brazil's top public prosecutor cleared members of Petroleo Brasileiro SA of wrongdoing in approving the 2006 purchase of an oil refinery in Pasadena, Texas.

Workers: Venezuela's Cardon Refinery Halts Two Alkylation Units
(Tuesday, July 22, 2014) Venezuela's 310,000 barrel per day Cardon refinery halts two alkylation units due to operational problems, workers say.

Mini-refineries: The Right Choice for Africa, Asia and the Mideast?
(Monday, July 21, 2014) Installing mini-refineries offers clear economic benefits as well as environmental drawbacks.

Biofuels
Report: Texas, Gas States Biggest Winners Under EPA Carbon Rules
(Thursday, July 24, 2014) Gas-rich states should have the easiest time complying with planned EPA regulations on carbon pollution from power plants, despite opposition from their lawmakers, a new study says.

Europe's Wind Capacity to Grow More Slowly Than Expected to 2020
(Wednesday, July 23, 2014) Europe's installed wind capacity will increase at a slower rate to the end of the decade than previously estimated due to regulatory uncertainty and weak economic growth.

EU Bosses Outline Energy Savings Goal to Cut Need for Russian Gas
(Wednesday, July 23, 2014) The European Commission put forward a target to improve energy savings as part of efforts to curb EU reliance on Russian gas imports.

EIB Grants $96M Loan To Polish Energy Firm Tauron
(Tuesday, July 22, 2014) The EIB grants a loan to Tauron Polska Energia to help Poland's No.2 energy producer develop its distribution network and invest in renewable energy.

Datagro Expects Big U.S. Corn Crop to Curb Brazil Ethanol Exports
(Friday, July 18, 2014) Brazil's ethanol exports are likely to fall in 2014/15 partly due to an expected near-record corn crop reducing U.S. import needs.

Petrochemical
Goldman in Preliminary Deal to Buy 30 Pct of Turkey's Petlim Port
(Monday, July 21, 2014) Goldman Sachs signs a preliminary agreement with Socar's Turkey unit to buy a 30 percent stake in the country's largest integrated port for $250 million.

Founder of Brazilian Conglomerate Odebrecht Dies, Paper Says
(Monday, July 21, 2014) Norberto Odebrecht, the Brazilian engineer who built a global construction group with interests in petrochemicals, defense and shipbuilding, dies at the age of 93.

Britain Guarantees Grangemouth Petrochemical Loan
(Thursday, July 17, 2014) Britain says it will guarantee a 230 million pound ($394.2 million) loan for Grangemouth petrochemical plant in Scotland.

CB&I Wins Contract for Oman MTBE Unit
(Wednesday, July 16, 2014) CB&I's scope of work includes the license and engineering design of three units in addition to the previously announced award for its ethylene technology and front end engineering and design (FEED) services.

Mexichem to Operate $650 Mln Cogeneration Plant for Pemex
(Tuesday, July 15, 2014) Mexican chemicals company Mexichem said on Tuesday it expects to start operating a $650 million cogeneration power plant for Mexico's state oil company, Pemex, in the first half of 2018.

Pipelines
Official: Yemen Resumes Oil Flow After Pipeline Repair, 7 Killed
(Thursday, July 24, 2014) Yemen resumes pumping crude oil through its main export pipeline, an oil official says.

Oil Products Flow To Primorsk Resumed, Exports Unaffected
(Tuesday, July 22, 2014) Russia resumes oil products shipments to Primorsk after a halt following a "criminal tapping" of a pipeline, Transneft says.

Paper: Putin Mulls End to Gazprom Monopoly on Pipeline Gas Sales to China
(Tuesday, July 22, 2014) Russia's president is thinking about allowing gas producers other than Gazprom to export gas from new eastern fields, according to the Vedomosti newspaper.

Banamex, Regulator Clash Over Who Played Key Role in Loan Fraud
(Monday, July 21, 2014) Preliminary findings of a probe by Citigroup's Mexican unit, Banamex, into how it lost more than $500 million in a corporate loan fraud differ markedly from the results of a separate investigation by the Mexican banking regulator.

Mexico's CFE to Tender $2.8 Bln in Power Plant, Pipeline Projects
(Monday, July 21, 2014) Mexico's national power company CFE will offer $2.8 billion in natural gas and electricity infrastructure project contracts by year-end to boost economic growth.

Terminals & Storage
Centrica: UK's North Morecambe Gas Terminal Back On Line
(Thursday, July 24, 2014) Britain's North Morecambe natural gas sub-terminal returns to service after an outage, operator Centrica says.

Canada Board Welcomes US Oil-By-Rail Ideas, Says Danger Remains
(Thursday, July 24, 2014) The Transportation Safety Board of Canada welcome proposed US regulations for oil-by-rail tankers but cautioned of persistent danger until tank cars built before 2011 stop carrying oil and other flammable liquids.

Iraqi Kurdish Oil Nears US Port Despite Concern In Washington
(Thursday, July 24, 2014) A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a US port, according to ship tracking satellites.

BSNF Train Carrying North Dakota Oil Derails In Seattle
(Thursday, July 24, 2014) A Burlington Northern Santa Fe train carrying crude oil derailed as it left a railyard in north Seattle, but there were no reports of a spill or injuries.

Mexico's Pemex: Work Halted at Ciudad Madero Refinery Due to Blaze
(Wednesday, July 23, 2014) Mexico's Pemex said work at its Ciudad Madero refinery in northern Mexico is being halted while it contains a blaze at a storage tank.

LNG / LPG
EU's Planned Sanctions Against Russia To Hit South Stream, Yamal LNG
(Thursday, July 24, 2014) The EU's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to the Arctic Yamal LNG facility.

Exxon, Alaska File Permit Request To Export Alaska Natural Gas
(Monday, July 21, 2014) ExxonMobil, its partners and the state of Alaska are seeking federal permission to export LNG from a project that includes an 800-mile pipeline cutting across the state from Alaska's North Slope.

Shell Suspends Development of Canada's Jumping Pound Gas Liquefaction Unit
(Friday, July 18, 2014) Royal Dutch Shell suspends development of a liquefaction unit at Canada's Jumping Pound facility.

S.Korea's POSCO to Sell 3 Units to Improve Balance Sheet
(Thursday, July 17, 2014) South Korean steelmaker POSCO will pursue the sale of three units, including an LNG terminal, in order to improve its financial structure.

Pertamina Hopes to Cut Indonesia's Gas Imports with Refinery Expansion
(Thursday, July 17, 2014) Pertamina plans to expand the liquid petroleum gas processing capacity at its Mundu refinery to support growing gas demand and cut costly imports.

Commodities
Oil Falls On Worries About US Gasoline Demand
(Thursday, July 24, 2014) The price of oil falls near $102 a barrel, erasing gains from the day before.

Crude Oil Rises On Drop In US Crude Inventories, Geopolitical Risk
(Wednesday, July 23, 2014) Crude oil futures rise as oil stockpiles in the US fall more than expected and geopolitical tensions in Eastern Europe and the Middle East persist.

UK Autumn Gas Prices To Rise Due To Maintenance, Ukraine Risk
(Tuesday, July 22, 2014) British natural gas prices for delivery in late summer and autumn are set to rise in coming weeks.

Bangladesh H2 Fuel Oil Imports Seen Up 20%
(Tuesday, July 22, 2014) BPC plans to import 20% more fuel oil in 2H of this year from the first to feed demand for power generation, a senior official says.

China Warns Against 'Blind' Rush To Build Coal-To-Gas Plants
(Tuesday, July 22, 2014) China warns operators against "blindly" developing projects to turn coal into synthetic fuel.

Finance & Acquisition
Repsol Profit Tops Forecasts On Surprise Refining Strength
(Thursday, July 24, 2014) Repsol beats quarterly profit forecasts as a surprise surge in refining margins helps cushion production declines due to shutdowns in Libya.

Talisman Energy Says Approached by Spain's Repsol About Deal
(Wednesday, July 23, 2014) Talisman Energy's shares rose as it confirmed it has been approached by Spain's Repsol SA about potential deals.

S.Korea's POSCO to Sell 3 Units to Improve Balance Sheet
(Thursday, July 17, 2014) South Korean steelmaker POSCO will pursue the sale of three units, including an LNG terminal, in order to improve its financial structure.

Britain Guarantees Grangemouth Petrochemical Loan
(Thursday, July 17, 2014) Britain says it will guarantee a 230 million pound ($394.2 million) loan for Grangemouth petrochemical plant in Scotland.

Kinder Morgan Partners Reports Lower Quarterly Profit
(Wednesday, July 16, 2014) Kinder Morgan Energy Partners LP , the largest U.S. oil and natural gas pipeline company, on Wednesday said second quarter profit fell from a year earlier when results were boosted by a large gain related to an acquisition.

People on the Move
BP's Downstream Chief Executive to Resign
(Thursday, July 24, 2014) BP's Iain Conn, Group Managing Director and Chief Executive, Downstream, announced he is leaving the company and will step down from BP's board by the end of the year.

Senate Backs 2 Nominees to Serve on Energy Panel
(Tuesday, July 15, 2014) The Senate approved two nominees for the Federal Energy Regulatory Commission on Tuesday under an unusual political deal in which a FERC staff member will eventually be promoted to lead the commission.






Home || Jobs || News || Projects || Events || Glossary

Newsletters || Privacy Policy || Contact Us || Advertise


Copyright © 2014 DownstreamToday.com. All rights reserved.
A Service of Rigzone.com