Crude oil
HPI Market Data 2012 Executive Summary
THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..
HP Construction: North America
Alfa Laval has an order to supply newly developed equipment for cleaning industrial wastewater in Canada. The order value is approximately SEK 60 million and delivery is scheduled for 2012.The order f..
HP Construction: Middle East
Burckhardt Compression has an order from Petroleum Development Oman LLC to deliver one process gas compressor for a new miscible gas injection (MGI) facility in the Sultanate of Oman. The responsible ..
ConocoPhillips finishes Illinois refinery expansion
ConocoPhillips said the expansion project at its joint-venture Wood River refinery in Roxana, Illinois, has been completed following the successful start of a new coker unit. The Wood River Refinery is jointly owned by ConocoPhillips and Cenovus Energy and is operated by ConocoPhillips.
EU imposes new Iran sanctions, but no oil embargo
European Union foreign ministers agreed Thursday to impose new sanctions on additional Iranian entities, but a French proposal for a blanket embargo on Iranian oil exports met significant resistance. EU foreign policy chief Catherine Ashton said an oil embargo was still "being debated" and diplomats said some restrictions on Iran oil imports were likely to be imposed in the coming months.
Neste Oil, Bapco start up base oil plant in Bahrain
Neste Oil, The Bahrain Petroleum Co. (Bapco), and nogaholding have officially opened their new joint base oil plant in Bahrain. The plant has a capacity of 400,000 tpy and is located at Bapco's refinery on Bahrain's east coast.
Norway agency sees "very serious shortcomings" in BP safety
BP’s efforts to monitor and respond to sudden pollution releases such as oil spills in the Norwegian Sea suffer from "very serious shortcomings" that demand immediate improvement, Norwegian regulators said. The report is the latest indication of health and safety issues at BP, which was plagued by a massive oil spill in the US Gulf of Mexico in 2010 and by numerous other accidents in recent years.
ConocoPhillips looking to sell Alliance refinery in Louisiana - report
ConocoPhillips is seeking buyers for its Alliance refinery in Belle Chasse, La., Bloomberg News reported Wednesday, citing two people familiar with the company's plans. The refinery has 247,000 bpd of capacity, making it the 20th largest in the US, according to the Energy Information Administration (EIA).
GTL base oil shipments from Shell Qatar venture begin reaching Americas
Shell Lubricants says its first shipment of gas-to-liquid (GTL) base oil has reached the Port of Houston. The high-quality product, the first from the Qatar-based Pearl GTL plant to reach the Americas, will be stored at a hub in Houston and routed to Shell Lubricants' GTL-enabled blending facilities throughout the US, the company said.
France to stop buying Iranian oil
France will stop buying Iranian oil on a "national basis" as part of its campaign to raise pressure on Iran over its contested nuclear program, the foreign ministry said. France has said it will work with its European Union partners towards broader sanctions against Iran.
- Aster Chemicals declares force majeure at Singapore naphtha cracker 8/29
- Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses 8/29
- Novatek partially resumed processing at Ust-Luga complex 8/29
- Phillips 66 to begin winding down Los Angeles-area refinery next week 8/29
- Update: Mexico's Minatitlan refinery back online, Olmeca still down 8/29
- SIBUR produces test batch of first hexane plant in Russia 8/28
