Gasoline
New reports predict US auto industry boosting profits with higher mileage standards
As the US ramps up vehicle fuel efficiency standards, two new reports from Citi Investment Research, Ceres and longtime independent industry experts conclude that US automakers will be more profitable at a fleetwide 42 mile per gallon (mpg) average in 2020
Purvin & Gertz releases global petroleum market outlook
Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.
Shell sells Stanlow refinery to Essar Oil (UK)
Shell has signed a sales and purchase agreement for its 270,000 bpd Stanlow refinery in the UK and certain associated local marketing businesses with Essar Oil (UK) Ltd. for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.
ExxonMobil increases fuel supply to Tohoku region of Japan
In an ongoing effort to quickly and safely supply much needed fuel to the areas in Japan hardest hit by the earthquake, ExxonMobil Group Japan has increased fuel supply into its Tohoku region dealer service station network by 140% above pre-earthquake levels.
Sibur and Lukoil sign agreement for the supply of associated petroleum gas
The petrochemical holding company Sibur and the Lukoil Oil Co. have signed a long-term agreement for the supply of associated petroleum gas (APG).
ExxonMobil opens Shiogama terminal in area affected by earthquake, tsunami
ExxonMobil Japan Group has reopened its Shiogama terminal, enabling delivery of increased fuel supplies into the Tohoku area of Northeast Japan, which was affected by the March 11 earthquake and tsunami.
Colonial announces pipeline expansions
Colonial Pipeline has announced recent pipeline system improvements have netted an additional capacity of 24,000 bpd.
Porocel and Inprocat join together
Porocel International and Integrated & Proven Catalyst Technologies (Inprocat) announced today that they have reached a definitive agreement to combine their forces into a joint venture to be called Quanta Technologies, LLC.
Nuclear disaster will shift $200 billion investment to fossil and renewables
In the next five years over $3 trillion will be invested in dynamic segments of the power, energy and water industries. However, forecasts regarding the division of this investment made just months ago are now revised to reflect lower investment in new nuclear power plants and higher investment in alternatives.
Haldor Topsøe's contract with Petróleos de Venezuela, S.A.
Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
