Crude oil
Pakistan rejects US call to drop Iran gas pipeline
Pakistan isn't shying away from a fight with the US over Washington's threat of sanctions if Islamabad continues to push ahead with plans for a gas pipeline to Iran. New Delhi, too, has argued that it needs Iranian crude oil to meet its energy needs, despite pressure from the US to cut back.
BP shuts down Alaska oil processing hub after fire
BP said late Thursday it has shut down an oil-processing center at Alaska's Prudhoe Bay oil field, following a fire. No one was injured and the fire extinguished itself, according to the company. Fire crews found little or no damage inside the building, but facility managers decided to shut down the plant.
Oil trader Gunvor to buy, restart Petroplus refinery in Antwerp, Belgium
Oil trading and logistics company Gunvor Group said Friday it will buy the 107,500 bpd refinery that insolvent Swiss oil refiner Petroplus had shut down in Antwerp, Belgium. The deal is expected to close in six to eight weeks, the company said. Financial details were not disclosed.
Closed-loop control can clamp down on crude unit corrosion
Automating the detection process and controlling applications in real time dramatically boosts performance
HP Impact: BP’s energy outlook to 2030
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and stro..
HP Construction: North America
UOP LLC, a Honeywell company, will provide technology to produce propylene at Dow Chemical Co.’s production site in Texas. Dow Texas Operations will use Honeywell UOP C3 Oleflex technology in a n..
HP Construction: Europe
BASF will build a single-train 300,000 metric-tpy production plant for toluene diisocyanate (TDI) at its site in Ludwigshafen, Germany. It will also expand additional plants for TDI precursors by cons..
HP Construction: Middle East
Qatargas has signed an engineering, procurement and construction (EPC) contract with Samsung Engineering Ltd. for a diesel hydrotreater (DHT) unit that will treat 54,000 bpsd of diesel, from high-sulf..
HP Construction: Asia Pacific
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the group owns with Samsung as part of the Samsun..
US sees lower 2011 oil use, becomes net exporter
US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
