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Current Downstream Headlines
Outlook & Insights
Unitel's Randhava: The Catalyst Race
(Monday, February 08, 2010) Catalysts are essential to refinery operations. Enhancing their level of performance is an ongoing challenge.
Resistance Grows To Calif. Climate Plan
(Thursday, February 04, 2010) Less than a year before the nation's most aggressive rules to fight climate change are due to take effect in California, resistance against the plan is growing as the state struggles with recession and unemployment.
OPINION: Chasing Votes On The Back Of Clean Energy
(Wednesday, February 03, 2010) Let's pay for what doesn't work by cutting what does. That's the message for the energy industry that springs from the Obama administration's $3.8 trillion budget proposal.
Refining
Big West's Creditors Hopeful They'll Be Paid
(Monday, February 08, 2010) Creditors owed millions of dollars by the Big West oil refinery are cautiously hopeful they will get paid since learning that an Israeli company has submitted a bid to buy the bankrupt company.
Praxair Wins ASU Contract from ExxonMobil
(Monday, February 08, 2010) Praxair, Inc. has signed a contract with ExxonMobil to build, own and operate an air separation unit (ASU) to supply additional nitrogen for enhanced oil recovery (EOR) operations at ExxonMobil's Hawkins, Texas gas processing plant site.
Emerson Signs Main Automation Deal with Shell
(Friday, February 05, 2010) Emerson Process Management announced Friday it has entered into a 5-year Global Framework Agreement (GFA) with Shell to serve as a Main Automation Contractor (MAC) on future capital projects globally.
Transportation Planners Fear Effect of Better Fuel Economy
(Friday, February 05, 2010) It's a prickly problem. Cars are getting better gas mileage, which reduces the impact on the environment and the amount people spend at the pump. But it also means that states and the federal government are getting less money.
Saudi Aramco Keen on India Retail, Refining Tie-ups
(Friday, February 05, 2010) The world's biggest oil producer, Saudi Arabian Oil Co., or Saudi Aramco, may partner with India's state-owned oil refiners to tap potential retailing and refining opportunities in the country, said Saudi ambassador to India, Faisal H. Trad.
Pipelines
National Fuel To Expand Pipelines
(Monday, February 08, 2010) The potentially enormous amounts of natural gas that could be tapped deep below ground in portions of northwestern Pennsylvania are not only building up National Fuel Gas Co.'s drilling business, but its pipeline operation as well.
Pembina Allocates 60% of Capex for Pipeline Projects
(Friday, February 05, 2010) Pembina Pipeline Corp., a wholly owned subsidiary of Pembina Pipeline Income Fund, announced Thursday a capital spending plan for 2010 of $240 million that places a priority on expanding its Oil Sands & Heavy Oil business.
Eni Offers To Sell Stakes In Three Intl Gas Pipelines
(Thursday, February 04, 2010) Italian energy giant Eni SpA (E) said Thursday it offered to sell its stakes in three international natural gas pipelines, which it values at total of around EUR1.5 billion, in a move aimed at ending a European investigation into market abuse.
Enbridge Adds Statoil As Shipper on Oil Sands Pipeline System
(Wednesday, February 03, 2010) Enbridge Inc announced Wednesday an agreement with Statoil Canada Ltd. for the addition of the company's Leismer oil sands project as a shipper on Enbridge's Regional Oil Sands System.
GE Replaces Turbine At Miss. Compressor Station
(Wednesday, February 03, 2010) GE Oil & Gas has replaced-in-kind a gas turbine at a Texas Gas Transmission, LLC pipeline compression station in Mississippi, using advanced technology designed to revitalize and recover performance with improved efficiency.
Terminals & Storage
Perryville Accepts FERC Certificate
(Monday, February 08, 2010) Perryville(SM) Gas Storage LLC, a wholly owned subsidiary of Cardinal Gas Storage Partners LLC, announced Thursday that it has formally accepted the certificate issued by the Federal Energy Regulatory Commission (FERC).
Four Hurt In Port Arthur Oil Tanker Crash File Suits
(Friday, February 05, 2010) Four workers on the two vessels hit by an oil tanker in Port Arthur last month have filed lawsuits against the tanker's owner, claiming severe and permanent injuries from the crash and accusing the tanker's crew and owner of negligence.
Samsung Heavy To Build Tankers for Stena
(Thursday, February 04, 2010) Samsung Heavy Industries Co., the world's second-largest shipbuilder, said Thursday that it has won a deal to build two oil tankers for a Swedish shipping company.
Asphalt Terminal Begins Ops In Arizona
(Wednesday, February 03, 2010) Western Emulsions Inc. announced Wednesday the commencement of
operations of a new $20 million asphalt storage and distribution
terminal in Coolidge, Ariz.
Blackwater Midstream To Acquire Ga. Liquid Terminal
(Tuesday, February 02, 2010) Blackwater Midstream Corp. announced Tueday that it has entered into a Letter of Intent to acquire a liquid terminal facility in Brunswick, Georgia for $1.8 million. The acquisition is expected to be completed within the first quarter of 2010.
LNG / LPG
Singapore LNG Awards Samsung EPC Contract for Terminal
(Monday, February 08, 2010) The Singapore LNG Corporation Pte Ltd (SLNG) has awarded the contract for the engineering, procurement and construction (EPC) of Singapore's LNG terminal to Samsung C&T Corp.
Foster Wheeler To Provide PMC Services for Singapore Project
(Monday, February 08, 2010) Foster Wheeler AG announced Monday that a subsidiary of its Global Engineering and Construction Group has been awarded a contract to provide project management consultancy (PMC) services to Singapore LNG Corporation Pte Ltd (SLNG).
BG Ups Capacity for Queensland LNG Project
(Friday, February 05, 2010) BG Group PLC (BG.LN) said Friday that it will expand the planned capacity at its Curtis liquefied natural gas project in Queensland, Australia, to 8.5 million metric tons a year, from 7.4 million tons a year previously.
Three Consortia Vie for Polish LNG Project
(Friday, February 05, 2010) Polish state-owned company Polskie LNG has received offers to build a liquefied natural gas, or LNG, terminal from three consortia, which include Italian, Korean and Polish builders it shortlisted last year, the company said Friday.
Striking Pluto Workers Told To Go Back to Work
(Wednesday, February 03, 2010) Striking workers at Woodside Petroleum's Pluto liquefied natural gas plant in Western Australia have been told to go back to work by their former union boss.
Petrochemical
Maine, Industry Agree on Deca Phaseout
(Monday, February 08, 2010) Representatives from an environmental advocacy group and a company that distributes plastic pallets containing a toxic flame retardant told lawmakers Thursday they were close to reaching a compromise to phase out new pallet production.
ACC Applauds CFATS Extension Bill
(Friday, February 05, 2010) U.S. Senators Susan Collins (R-ME), Mark Pryor (D-AR), George Voinovich (R-OH) and Mary Landrieu (D-LA), on Thursday introduced legislation to extend the Chemical Facility Anti-Terrorism Standards for five years.
Eastman Wins Patent Infringement Case
(Thursday, February 04, 2010) Eastman Chemical Co. said Thursday that the United States District Court in Wilmington, Del., has ruled in favor of Eastman in a patent infringement lawsuit filed by Wellman, Inc.
GE Hits Urea Turbocompressor Milestone
(Wednesday, February 03, 2010) GE Oil & Gas has reached an industry milestone with the supply of more than 100 turbocompressor trains for urea plants in 34 countries worldwide.
Latest Fight Over Houston's Air Hovers Over New Smog Limit
(Wednesday, February 03, 2010) The latest front in the fight over Houston's air is a newly proposed federal limit for smog, with government officials, environmentalists and industry representatives at odds over more than a few molecules' difference in the standard.
Commodities
Ex-SemGroup Trader Drops Out of Lawsuit
(Monday, February 08, 2010) A Tulsa woman who worked as one of Tom Kivisto's oil futures traders for SemGroup LP has dropped out of a lawsuit brought by former executives seeking $1.3 million in bonuses from a onetime company subsidiary, her attorney said Friday.
Philippines Govt Mulls Zero Tariff for Imported Oil
(Monday, February 08, 2010) The National Economic and Development Authority (NEDA) said the government is studying a proposal from the private sector to cut tariffs on crude oil and petroleum products to zero amid the rising global demand for fuel.
Russian ESPO Crude Heads West As Its Appeal Grows
(Monday, February 08, 2010) Russia's new ESPO Blend crude oil from Eastern Siberia is now attracting buyers in the U.S. as well as in the Asian market, thanks to competitive pricing and its appeal as a substitute for various medium to heavy grades.
OPEC Welcomes US Bid To Cap Oil Speculation
(Monday, February 08, 2010) It will be 50 years in September since the Organization of Petroleum Exporting Countries was created in Baghdad with five founding member countries.
Oil Climbs Above $71 on Weather, Geopolitical Tensions
(Monday, February 08, 2010) Reversing a steep sell off, U.S. crude oil futures saw an uptick in trading Monday as concerned investors abandoned the dollar's safe havens to bet on riskier markets.
Finance & Acquisition
Boardwalk's Earnings Up for Q4, Down for Full Year
(Monday, February 08, 2010) Boardwalk Pipeline Partners, LP announced Monday its results for the fourth quarter and year ended December 31, 2009.
Big West's Creditors Hopeful They'll Be Paid
(Monday, February 08, 2010) Creditors owed millions of dollars by the Big West oil refinery are cautiously hopeful they will get paid since learning that an Israeli company has submitted a bid to buy the bankrupt company.
Air Products Makes Offer for Airgas
(Friday, February 05, 2010) Air Products on Friday announced that it has made an offer to acquire Airgas, Inc. for $60.00 per share in cash.
Airgas Confirms Air Products Bid
(Friday, February 05, 2010) Airgas, Inc. confirmed Friday that it has received an unsolicited proposal from Air Products & Chemicals, Inc. to acquire the company for $60.00 per share.
Buckeye Partners Posts Earnings
(Friday, February 05, 2010) Buckeye Partners, L.P. on Friday reported net income attributable to Buckeye's unitholders for the fourth quarter of 2009 of $77.7 million, compared to $54.1 million for the fourth quarter of 2008.
People on the Move
Erny Joins ACC As Security Director
(Monday, February 08, 2010) The American Chemistry Council (ACC) on Friday announced the hiring of Bill Erny as its new senior director, covering security issues for the Regulatory and Technical Affairs department.
Hoogeveen Takes Helm At Kern River
(Thursday, February 04, 2010) MidAmerican Energy Holdings Company, the parent company of Kern River Gas Transmission Company and Northern Natural Gas, announced the appointment of Gary Hoogeveen as president of Kern River, effective Jan. 15.
Porges To Succeed Gerber At EQT
(Thursday, February 04, 2010) EQT Corp. announced Thursday that Murry S. Gerber, Chief Executive Officer and Chairman of the Board of Directors, will step aside from his duties as CEO following the company's annual meeting on April 21, 2010.
Anderson To Oversee Energy & Chemicals At CH2M Hill
(Wednesday, February 03, 2010) CH2M HILL, a global full-service consulting, design, construction, and operations firm, announced Wednesday that Ian Anderson has joined the firm as President of the Energy and Chemicals Business Group.
Moore To Oversee Federal Affairs At ACC
(Tuesday, February 02, 2010) The American Chemistry Council (ACC) on Monday announced that Walter Moore will join the council as vice president of federal affairs on Feb. 8, 2010.
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