Crude oil
Enbridge plans $175mn expansion of Texas shale transportation infrastructure
Enbridge Energy Partners will invest an additional $175mn to expand its East Texas shale infrastructure, the crude and natural gas transportation services firm said on Friday.
Higher oil prices to limit demand growth, economic recovery – Ernst & Young
Unrest in North Africa and the Middle East, coupled with the disaster in Japan, threatens the sustainability of the global economic recovery, but the momentum of growth is thought to be strong enough in most regions to absorb the shocks, according to a quarterly analysis report from business advising firm Ernst & Young.
BP plans $388mn cleaner diesel project at Cherry Point refinery in Washington
BP will begin a $388mn project in May to install hydrogen diesel units at its Cherry Point refinery in Washington, according to a recent report in the Bellingham Herald newspaper.
BP, Dow Chemical plants in Texas City lose power as regional outages continue
The BP chemical plant in Texas City, Texas, lost power on Wednesday morning, marking the latest in a string of outages for the area’s numerous plants and refineries - including nearby producer Dow Chemical.
Rising US retail gasoline costs have yet to significantly dampen demand - report
Higher retail gasoline prices are not significantly changing the habits of US drivers, allowing demand to remain mostly flat on a year-on-year basis, according to data released this week from MasterCard Advisors’ SpendingPulse report.
Chevron awards $65mn contract to KBR for base oil expansion at Mississippi refinery
KBR has been awarded a $65mn contract for a base oil expansion project at Chevron’s refinery in Pascagoula, Miss., the global engineering and construction firm announced on Wednesday.
Holly Corp. shuts down crude unit at Tulsa refinery
Holly Corp. has shut down its West facility crude unit in Tulsa, Oklahoma, due to a mechanical failure that was discovered on Friday night.
New crude oil pipeline to be constructed from Oklahoma storage hub to Houston
Enterprise Products Partners and Energy Transfer Partners have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston. The project would allow greater access to US Gulf-area refining complexes and add approximately 500,000 barrels of storage capacity at new facilities to be constructed and owned by the joint venture at Enterprise’s new Houston crude oil terminal.
CB&I awarded over $45mn to build storage tanks for Canadian oil sands project
CB&I has been awarded a project in excess of $45mn to build storage tanks at a Canadian oil sands project near Fort McMurray, Alberta.
McDermott wins Gulf of Mexico deepwater project work from Chevron
McDermott International, Inc. announced that one of its subsidiary companies was awarded fabrication and installation work from Chevron to support the development of the Jack and St. Malo fields in the Gulf of Mexico.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
