Americas
Exxon offers to buy homes near Arkansas spill site
The move is part of Exxon's response to the rupture of the Pegasus pipeline, which on March 29 spilled about 5,000 bbl of oil into streets and yards of the community. Crews were still at work this week cleaning some areas, and none of the residents of 22 evacuated homes have yet returned.
LNG 17: Top US consultant illustrates redrawn map for global gas business
The North American gas industry will change the LNG business model to some degree, Mr. Yergin noted, whether it is through the price of feedstocks such as shale gas or via LNG export pricing.
US investigators blame Chevron over Richmond refinery fire
The investigators found Chevron didn't apply safer design principles at the California refinery and also didn't fix a corroded pipe that ruptured and caused a fire and vapor cloud. The August fire at the 245,000 bpd refinery near San Francisco burned for hours, sending thick, black smoke over the San Francisco Bay.
Williams, Shell launch US gas processing alliance
The new venture, Three Rivers Midstream, has signed a long-term fee-based dedicated gathering and processing agreement for Shell's production in the Pennsylvania area. The joint venture also plans to pursue gathering and processing agreements with other producers in the liquids-rich region.
Plains to build Cactus crude pipeline in West Texas
Plains said the pipeline is expected to transport both sweet and sour crude oil from the Permian Basin to the Eagle Ford pipeline it operates as part of a joint venture with Enterprise Products. The Eagle Ford pipeline serves markets in Three Rivers, Texas, and Corpus Christi, Texas.
Suncor picks KBR to maintain Edmonton refinery
KBR will assist with turnaround planning review, maintenance, pipe fabrication and long-term execution plans for the Suncor Edmonton refinery. Financial terms of the three-year agreement were not disclosed.
IEA cuts global oil demand outlook, warns on supply
The downward revision by the Paris-based consumer group reflects similar moves by other industry forecasters as concerns over the global economy continue to weigh on demand expectations. The decline reflects very weak demand from industrialized countries, particularly in Europe.
LyondellBasell to install NGL fractionators at Corpus Christi olefins site
The fractionation units will be capable of processing a combined 63,000 bpd of NGLs produced from the Eagle Ford shale. The company plans to buy ethane and propane produced at the units, using them as feedstocks for the adjacent Equistar olefins plant to produce ethylene and propylene.
BHP Billiton chairman urges US to promote exports of onshore oil, natural gas
Jacques Nasser, BHP Billiton chairman since 2010, says the export of onshore oil and gas, which has surged in recent years as new extraction techniques have been developed, will bring geopolitical benefits around the world and also create a large number of highly skilled jobs.
SABIC plans new US ethane cracker, possibly more
Mohammed Al-Mady, CEO of SABIC, said the company is in talks with partners to invest in one or perhaps two projects. The plans for a new ethylene plant are based on an abundance of cheap ethane feedstock derived from the ongoing US shale boom. The company did not disclose a specific location.
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