Crude oil
BP may use sale proceeds from TNK-BP to boost stake in Russia's Rosneft
BP's commitment to Russia follows a meeting of BP chief Bob Dudley, BP chairman Carl Henric Svanberg, Rosneft CEO Igor Sechin and Russian President Vladimir Putin. "If we're successful at selling our stake, we'd be interested in buying a share in Rosneft," a BP spokesman said. BP already owns 1.3% of Rosneft.
IEA aims to halve road transport fuel use by 2050
In two reports published Wednesday, the IEA said there was massive potential for fuel efficiency improvements to reduce demand for transport fuels by 2050, even if the number of road vehicles doubles in the same period. The reports highlight technology available or about to enter the mainstream market.
ONEOK seeks shippers for proposed Bakken Shale to Oklahoma crude pipeline
The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 bpd of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla.
IEA sees high refinery activity boosting fuel supply
The Paris-based energy watchdog, which represents major oil-consumer nations, expects refiners to process around 75.7 million bpd of crude in the third and fourth quarters, 1.3 million bpdmore than in the last quarter of 2011. Behind the output rise is unexpectedly high production in developed economies.
Shell proceeds with Alberta oil sands CO2 capture
Starting in late 2015, Quest will capture and store deep underground more than 1 million tpy of carbon dioxide produced during the bitumen processing, reducing direct emissions from the upgrader by up to 35%. Shell Canada owns 60% of the joint venture, which also includes Chevron and Marathon Oil.
US reiterates tough stance against BP on Gulf spill
In the filing, made in response to a previous BP request to accept a $7.8 billion settlement between the company and thousands of plaintiffs over economic losses and property damage, the Department of Justice said that BP had a culture of recklessness, and also pointed the finger to Transocean.
BNSF expands Bakken US oil rail capacity by 25%
The expansion will help oil producers move their oil to market. The boom in domestic crude production has caused a parallel increase in railway use. Tesoro, Phillips 66 and Statoil have all purchased rail cars - and in Tesoro's case, built rail lines - to move oil from increasingly productive US fields.
Maximize diesel production in an FCC-centered refinery, Part 1
For refineries with an FCC unit as the main conversion vehicle, the debate is how existing refinery assets can best be used to economically increase diesel production.
Redefining reforming catalyst performance: High selectivity and stability
Highly developed CCR catalysts are more robust to ensure extended service over 7–9 years.
Upgrade heavy oil more cost-efficiently
A new technology can economically upgrade and significantly improve the properties of heavy oil by reducing viscosity, increasing gravity and removing contaminants.
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