Crude oil
HP Impact: Comparing land use impacts for petroleum and biofuels
The biofuels industry claims its fuel is unfairly singled out by potential regulatory policies that focus on greenhouse gas (GHG) emissions associated with land use change. It argues that petroleum al..
US bars Enbridge from Wisconsin pipeline restart
The U.S Department of Transportation issued a corrective order against Enbridge for the Wisconsin spill, saying the Calgary energy infrastructure company must conduct new tests on the integrity of the pipeline as well as bring in an independent expert to investigate the company's pipeline maintenance plan.
TransCanada wins final permit to build Gulf leg of Keystone XL pipeline
With the extension, the company says Gulf Coast refiners can access cheaper domestic production and avoid paying a premium to foreign producers, thereby reducing costs.
Bakken crude reaches Louisiana refiners by barge
Kirby Corp. appears to be the first barge operator to use America's famed Mississippi River as a highway for oil from the land-locked Bakken, an oil-rich area in North Dakota. The barges take a week to travel down the Mississippi River to bring the oil to the Baton Rouge, La. area.
US safety board says lapses led to BP oil spill
The CSB said a "robust system of process safety indicators" may have revealed problems that led to the disaster, such as discordant safety controls between BP and Transocean.
Essar, Barclays reach crude oil supply deal for UK Stanlow refinery
Under the three-year deal announced Wednesday, Barclays has already started buying crude for the Stanlow refinery, the UK's second largest at 296,000 bpd. Barclays has also taken control of inventories of crude oil and refined products on the site worth $700 million, Essar said.
Valero shuts Meraux refinery in Louisiana after fire
The exchanger caught fire at about 1:30 a.m. local time on Sunday, according to a report filed with the US National Response Center. All units will remain down while repairs are made to the crude unit and related utilities. Valero did not give a timetable for repairs or a possible restart.
US oil, fuel demand falls amid weak economy - API
Gasoline demand tracked the overall numbers, declining 2.5% for June versus a year ago and 1.0% for the first six months of this year against the same period in 2011, the API said. Distillates, jet fuel, and residual fuel were also down for the first six months, while distillates and residual fuel were down for June.
Enbridge to spend up to $500mn more on Canada pipeline safety features
The company's plan to build an oil pipeline from Alberta to a port in Kitimat, British Columbia, for export overseas faces opposition within the province, including from native groups and environmental organizations. Northern Gateway would ship up to 525,000 bpd and is scheduled for a 2017 startup.
BP, Russian partners discuss stake sale in TNK-BP crude oil venture
The talks set up an end game for what has proved to be a highly profitable, but tempestuous BP adventure in Russia, one that could yet draw in other major players in the country's state-dominated energy sector.
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- Gazprom in talks with Hungary's MOL over NIS stake sale 12/23
