Crude oil
Oil demand, prices to rise in Q3 - Ernst & Young
Oil demand and prices should continue to rise in the third quarter of 2011 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe, according to a quarterly outlook from Ernst & Young.
Shell to supply technology for Iraq refinery upgrade
Shell Global Solutions has signed an agreement with the South Refineries Co. of Iraq for the provision of technology licenses to a refinery in Basrah, Southern Iraq. Shell will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement, it said.
HP Construction: South America
Argentina’s second liquefied natural gas (LNG) import facility, a joint development between YPF S.A., ENARSA and Excelerate Energy, GNL Escobar (GNLE), began receiving cargoes on May 24, 2011, an..
HP Innovations: HPInnovations
Fischer-Tropsch process commercialization acceleratesThe high throughput experimentation (hte) company has extended its collaboration with BP International Ltd. in the field of Fischer-Tropsch (FT) sy..
Momentive opens new US oilfield technology plant
The oilfield technology group (OTG) of Momentive Specialty Chemicals has started up a new manufacturing plant in Batesville, Ark., to provide additional resin coated proppants to fracturing service companies and operators in the oil and gas industry.
Gulf oil, natgas production returns to normal after Tropical Storm Don
As of midday Monday, evacuations are over for platforms and rigs in the Gulf of Mexico, with nearly all shut-in oil and natural gas facilities having resumed operations, according to the US Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE).
PGI Energy JV chosen as subcontractor for Motiva refinery expansion in Texas
PGI Energy has formed a joint venture with SETX Instrumentation & Electrical as a subcontractor under general contractor Bechtel-Jacobs and refiner Motiva for the construction of the 660,000 bpd refinery in Port Arthur, Texas. The expansion work will make the Port Arthur refinery the largest in the US.
Tropical Storm Don shuts in 12% of Gulf oil output
Nearly 12% of offshore Gulf of Mexico oil production has been shut in as Tropical Storm Don churns toward the Texas coast, with an expected landfall late Friday near Corpus Christi. In total, 166,554 bpd in oil production has been shut in, or 11.9% of overall Gulf output, according to the US Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE).
Gulf oil, natural gas platforms shut in production as Tropical Storm Don targets Texas
Several oil and natural gas producers in the Gulf of Mexico began shutting in production and evacuating platforms on Thursday as Tropical Storm Don moves toward the lower Texas coast. Overall, the Gulf of Mexico accounts for 29% of US oil production and 13% of natural gas, according to the US Energy Information Administration (EIA).
US groups API, NPRA praise House passage of bill seeking Keystone XL Pipeline decision
The American Petroleum Institute (API) and National Petrochemical & Refiners Association (NPRA) each issued statements of support after the US House of Representatives passed the North American-Made Energy Act, which seeks to speed up the permitting process for the proposed Keystone XL Pipeline.
- 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
