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Current Downstream Headlines
Outlook & Insights
Former Shell Downstream Exec Joins Sasol's Board
(Thursday, March 18, 2010) Sasol on Thursday announce the appointment of Gregory Arthur (Greg) Lewin as a non-executive director of the Company with immediate effect.
Will EPA Punt on BACT for Emitting Sources?
(Wednesday, March 17, 2010) The EPA may delegate to states the tough decisions on judging the best technologies to cut greenhouse-gas emissions, adding a new uncertainty for industries.
Tillerson Doubts Viability of NGVs
(Monday, March 15, 2010) Exxon Mobil Corp. chief executive Rex Tillerson, it seems, has not joined the T. Boone Pickens army.
PSM: Learning from the Past to Reduce Risks
(Monday, March 15, 2010) The refining, gas processing, and petrochemical sectors have incurred fewer major property damage losses globally over the past five years.
OPINION: In Energy, Let's Not Deny What We Agree On
(Friday, March 12, 2010) James Mulva drew a hearty round of applause when he threw out the term "hydrocarbon deniers."
Refining
Chinese Refining Glut Concerns May Stymie New Investors
(Friday, March 19, 2010) Foreign investors seeking a foothold in China's oil refining sector are facing a long wait to get their proposed investments approved, as Beijing worries about overcapacity and risks to the environment.
Drive Begins To Suspend Calif. GHG Law
(Friday, March 19, 2010) A backlash against efforts in California and Congress to rein in greenhouse gas emissions is brewing in hard economic times.
Iran Unveils Sanction-resistant Car Engine - Report
(Thursday, March 18, 2010) Iran has revealed a new dual fuel car engine that will run both on gas and kerosene, a move set to bolster the country's ability to withstand international economic sanctions.
Suncor Wins Nod for Firebag Expansion
(Thursday, March 18, 2010) The Alberta Energy Resources Conservation Board has approved Suncor Energy's application to develop three additional stages of its Firebag in situ oil sands project.
API: Feb. Gasoline Demand, Production Hit Record Levels
(Wednesday, March 17, 2010) Both U.S. gasoline production and gasoline demand reached all-time highs for a February, according to API's Monthly Statistical Report, which reflects data from February 2010.
Biofuels
ConocoPhillips, Penn State Seek Entries for 2010 Energy Prize
(Wednesday, March 17, 2010) ConocoPhillips and Penn State University on Wednesday launched the 2010 ConocoPhillips Energy Prize, a competition that recognizes original and actionable solutions that can help improve the way the United States develops and uses energy.
Calif. Biodiesel Refinery Is A Community Effort
(Tuesday, March 16, 2010) If you've got some used oil or cooking grease to dispose of, want to help the environment, or both, a new biofuel refinery wants to hear from you.
Ethanol Plant To Sequester CO2 Emissions
(Monday, March 15, 2010) The operators of the Bonanza Energy ethanol plant in Garden City say they are working with a Texas oil company to bury gas emissions that aid in the extraction of oil in aging wells, and that the process could start as soon as next year.
Coalition Requests Second Comment Period for Mid-Level Ethanol Blends
(Monday, March 15, 2010) NPRA and 40 other associations have asked the EPA to base any decision allowing the introduction of mid-level ethanol blends into the nation's fuel supply on a complete scientific record.
American Jianye Builds Clean Fuels Plant In NE China
(Friday, March 12, 2010) Heilongjiang New Clean Fuels Co., Ltd has opened an office and is completing the construction of a new clean fuels production plant in the North Industrial Area, Liaoning Province, Tieling City, China.
Petrochemical
San Miguel Eyes Petron Petchem Play
(Friday, March 19, 2010) San Miguel Corp. (SMC) said it would integrate its food and beverage value chain with the petrochemical business of Petron Corp. once the conglomerate completes its acquisition of the Philippines' largest oil refiner and retailer this year.
Ex-DuPont Employee Sentenced In Trade Theft Case
(Thursday, March 18, 2010) A former DuPont (DD) employee was sentenced Thursday to 18 months in federal prison for stealing trade secrets on behalf of a South Korean firm seeking to replicate the chemical giant's Kevlar product.
Huntsman: Port Neches Turnaround, Inspection Successful
(Thursday, March 18, 2010) Huntsman Corp. on Thursday announced the successful completion of the turnaround and inspection of its PO/MTBE facility in Port Neches, Texas.
Sasol Awards Foster Wheeler Contract for Wax Expansion Project
(Tuesday, March 16, 2010) Foster Wheeler AG announced Tuesday that its Global Engineering and Construction Group has been awarded an EPCm contract by Sasol for its Fischer-Tropsch Wax Expansion Project to be located at Sasolburg, South Africa.
L&T Wins Aromatics Complex Order from OMPL
(Monday, March 15, 2010) Larsen & Toubro Limited (L&T) has secured a major order valued at Rs. 2035 Crores from ONGC Mangalore Petrochemicals Ltd (OMPL), for an Aromatics Complex, to be set up at the Mangalore SEZ.
Pipelines
In-state Alaska Gasline Gets A Boost
(Friday, March 19, 2010) The drive to build an in-state gas pipeline, with public funds if necessary, got a boost Thursday with the enthusiastic testimony of two of Alaska's elder statesmen.
Technip Wins Nord Stream Project
(Thursday, March 18, 2010) Technip has been awarded a frame contract for the Nord Stream project in the Baltic Sea, covering four tie-ins on the project's two parallel pipelines.
UAE Oil Exports to Skip Hormuz, Iran Threat
(Wednesday, March 17, 2010) Contractors are working flat out in the United Arab Emirates to build a giant oil pipeline that will divert up to 1.8 million barrels a day of crude exports away from the Strait of Hormuz, a narrow shipping channel watched over by Iran.
Petrobras Launches Weekly NG Sales To Distributors
(Wednesday, March 17, 2010) Petrobras held the 10th electronic natural gas auction Tuesday, offering 22 million cubic meters per day for a period of six months and with deliveries scheduled to begin on April 1.
Pa. PUC Sets April Hearing on Marcellus Pipeline Regulatory Role
(Wednesday, March 17, 2010) The state Public Utility Commission wants to clarify its role in regulating natural gas collection and gathering pipelines in the Marcellus Shale region.
Terminals & Storage
NuStar Settles Plan Dispute with EPA
(Friday, March 19, 2010) A Texas-based pipeline company has agreed to pay a $450,000 civil penalty to the United States to settle allegations it failed to prepare and maintain proper response plans to deal with spills and environmental accidents at eight oil terminals.
Wood Group Wins Sullom Voe Contract
(Thursday, March 18, 2010) Wood Group has been reappointed by BP to provide engineering, modifications and
maintenance (EMM) to its Sullom Voe Terminal (SVT), securing employment for
approximately 100 personnel in Shetland, Glasgow and Aberdeen.
UAE Oil Exports to Skip Hormuz, Iran Threat
(Wednesday, March 17, 2010) Contractors are working flat out in the United Arab Emirates to build a giant oil pipeline that will divert up to 1.8 million barrels a day of crude exports away from the Strait of Hormuz, a narrow shipping channel watched over by Iran.
Calif. Gas Station Owner Wins $50M Judgment from Shell
(Wednesday, March 17, 2010) The former owner of a Riverside gas station has won a $50 million judgment from one of the world's biggest oil companies because it never told him fuel from the station could leak into underground water sources.
Yemen Boosts Security at Oil Sites, Ports
(Wednesday, March 17, 2010) Yemen has stepped up security at oil facilities and sea ports to prevent attacks by al-Qaeda after a series of government strikes in the Arab country targeting the terrorist network, the Interior Ministry said Tuesday.
LNG / LPG
Calif. City Looks To Market Natural Gas Plant
(Thursday, March 18, 2010) In an attempt to make its liquefied and compressed natural gas plant turn a profit, the City of Barstow is seeking a manager who would promote the station in order to attract more business.
Fla. Deepwater LNG Project Advances with $30M Deal
(Thursday, March 18, 2010) The Manatee County Port Authority on Thursday approved a long-term $30 million agreement with Port Dolphin Energy LLC, providing Florida with a second major source of natural gas.
Danish Utility, Iberdrola Enter LNG Supply Deal
(Wednesday, March 17, 2010) Danish state-owned utility Dong Energy said Wednesday that Spanish sector player Iberdrola SA will deliver to it liquefied natural gas (LNG), equal to about 1 billion cu m per year from the end of 2011.
Australia LNG Firms' Shares Rise on Arrow Energy Bid
(Wednesday, March 17, 2010) Shares in Australian LNG-focused companies gained ground on Wednesday following bullish forecasts from energy giant Royal Dutch Shell about LNG in the Asia Pacific region.
Proposed Gladstone LNG Takeover Terminates Golar Deals
(Tuesday, March 16, 2010) Golar LNG announced the termination of the various agreements relating to the Gladstone LNG Project as a function of the recent announcement of a conditional takeover proposal of Arrow Energy by Royal Dutch Shell and PetroChina.
Commodities
Jordan Raises Fuel Prices
(Friday, March 19, 2010) The Jordanian government on Thursday raised the prices of major oil derivatives by around 7 percent, a decision triggered by a rise in the prices of crude oil on international markets over the past 30 days.
Oil Slips toward $80 Threshold on Stronger Dollar, India
(Friday, March 19, 2010) NYMEX crude tumbled nearly 2% Friday as a stronger greenback and surprising financial move in India spurred traders away from risky commodities.
Govt Docs Show Faults In EIA Oil-Data Collection
(Friday, March 19, 2010) The U.S. government faces "critical" shortcomings in producing its oil-inventory data, according to internal Department of Energy documents.
OPEC Will Hold Oil Prices, Production Steady - For Now
(Thursday, March 18, 2010) Is $80-a-barrel oil the new $60?
Natural Gas Futures Approach Six-month Low
(Thursday, March 18, 2010) Natural gas futures fell to their lowest in nearly six months after a U.S. government report showed a smaller-than-expected draw from natural gas storage.
Finance & Acquisition
San Miguel Eyes Petron Petchem Play
(Friday, March 19, 2010) San Miguel Corp. (SMC) said it would integrate its food and beverage value chain with the petrochemical business of Petron Corp. once the conglomerate completes its acquisition of the Philippines' largest oil refiner and retailer this year.
CVR Launches Private Placement
(Thursday, March 18, 2010) Two CVR Energy subsidiaries have commenced an offering of $250 million aggregate principal amount of first lien senior secured notes due 2015 and $250 million aggregate principal amount of second lien senior secured notes due 2017.
Statoil To List Energy & Retail Business on Oslo Exchange
(Wednesday, March 17, 2010) Statoil's Board of Directors has decided to start a process to list its energy and retail business on the Oslo Stock Exchange.
Eastman To Acquire Plasticizers Producer
(Wednesday, March 17, 2010) Eastman Chemical Co. on Wednesday announced that it has entered into a definitive agreement to acquire Genovique Specialties Corp., a leading global producer of specialty plasticizers, benzoic acid, and sodium benzoate.
Ineos Proposes Senior Debt Prepayment
(Wednesday, March 17, 2010) INEOS Group Limited announced Wednesday that it proposes to make a significant prepayment of its Senior Debt through the issuance of new senior secured notes and term loans.
People on the Move
Anderson To Lead Ops for BioFuel
(Friday, March 19, 2010) BioFuel Energy Corp. announced Thursday that Douglas M. Anderson has joined the Company in the role of Vice President of Operations.
Chevron Pascagoula Manager Kell To Retire
(Thursday, March 18, 2010) Chevron's Pascagoula refinery manager Roland Kell is retiring, the corporate office confirmed Wednesday.
El Paso Promotes Ortenstone, Sult
(Tuesday, March 16, 2010) El Paso Corp. on Tuesday announced two leadership promotions.
Squires To Lead Parsons MENA
(Tuesday, March 16, 2010) Parsons announced that Monday Jeffrey F. Squires has been appointed President, Parsons MENA (Middle East and North Africa).
Albemarle Promotes Kissam To President
(Monday, March 15, 2010) Albemarle Corp. announced Monday that Luke Kissam has been elected President of the company. In this role, Kissam will oversee all aspects of the company's global business and operational activities.
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