Crude oil
Survey shows majority of offshore workers proud of industry, would recommend to friend
Despite soaring oil costs, the one-year anniversary of the Deepwater Horizon rig explosion and political unrest in the headlines, a clear majority of offshore oil and gas workers say they are proud to work in the industry and would recommend it to a friend, according to a new survey conducted by engineering consulting firm NES Global.
BP commits up to $1 billion for restoration projects in Gulf spill areas
BP says it has signed an agreement with federal and state agencies that will accelerate work starting this year to restore areas of the Gulf of Mexico that were affected by the year-ago rig explosion of the Deepwater Horizon and ensuing oil spill.
Shell to close Australia refinery amid high competition, will convert site to fuel import terminal
Shell is proposing to convert its Clyde refinery and Gore Bay terminal in Sydney, Australia, into a fuel import terminal.
NuStar Energy buys South Texas refinery, terminal from AGE for $41 mn
NuStar Energy has closed on its purchase of certain refining and terminal assets of bankrupt firm AGE Refining for $41 mn excluding net working capital. The deal includes a refinery in San Antonio, Texas.
Chem safety board faces ‘significant challenges’ in US Deepwater Horizon investigation
The US Chemical Safety Board (CSB) continues to face “significant challenges” in its ongoing investigation into the Deepwater Horizon oil rig explosion, as companies and witnesses have sought to evade subpoenas for testimony and records and various investigation groups have not coordinated effectively, the agency said.
China’s Sinopec to cut fuel exports, lower chemical plant operating rates
Chinese refiner Sinopec will reduce fuel exports and lower chemical plant operating rates in order to increase domestic refined oil products supply, the company said on Tuesday.
Marathon Oil subsidiary Speedway named top US retail gasoline brand for third year
For the third year in a row, Speedway is the highest-ranked gasoline brand in the US, according to the Harris Poll EquiTrend survey of more than 25,000 consumers.
Koch Pipeline wins API’s top safety, environmental award for 2010
Koch Pipeline Co. employees won the API 2010 distinguished award for outstanding safety and environmental performance, considered the API’s highest award in the field, the company said.
IPIC proceeds with plan for $3bn UAE refinery, gives engineering deal to Shaw
International Petroleum Investment Co. (IPIC) announced that it is proceeding with the implementation of a 200,000 bbl/day refinery at Fujairah, at an estimated cost of $3 billion.
Eagle Ford crude on the express to Corpus
Flint Hills Resources has completed long-term arrangements with Anadarko Petroleum Corp. and Harvest Pipeline Company that will bring additional quantities of Eagle Ford crude and condensate production to Corpus Christi.
- 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
