Crude oil
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.
PGI Energy inks deal to trade Saudi Aramco crude
PGI Energy has entered into a one-year allocation agreement with its limited joint venture partner Intertorco Europe S.A. as the exclusive trading desk for 6 million bbl/month of Saudi light crude oil from Saudi Aramco.
Hess signs three-year contracts to explore Iraq
Energy giant Hess has signed production sharing contracts (PSCs) with the Kurdistan Regional Government of Iraq for the country’s Dinarta and Shakrok exploration blocks.
Calumet to buy Wisconsin refinery from Murphy Oil for around $475mn
Murphy Oil has agreed to sell its 34,300 bpd refinery in Superior, Wisconsin, for $214 million plus the value of hydrocarbon inventory to refiner Calumet Specialty Products. The hydrocarbon inventory will be valued based on market prices at closing, the company said. The inventory was valued at approximately $260 million as of June 30.
Statoil to supply ethane for NOVA Canada cracker
NOVA Chemicals has signed a memorandum of understanding with Statoil to secure a long-term supply of ethane from the Marcellus Shale basin. Financial terms were not disclosed.
ExxonMobil marine affiliate to build two crude oil tankers for US West Coast use
Exxon Mobil’s US marine affiliate, SeaRiver Maritime, signed a letter of intent with Aker Philadelphia Shipyard to build two US flag crude oil tankers in partnership with shipbuilding technology firm Samsung Heavy Industries.
Chevron forms technology alliance with NASA to improve oil, natgas recovery
Chevron and NASA’s Jet Propulsion Laboratory (JPL) have formed an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources, the groups said on Monday.
US petroleum demand increased in June - API data
Total US petroleum deliveries in June were up on both a year-on-year and month-on-month basis, according to information released Friday from the American Petroleum Institute (API). Moreover, deliveries were up 1.9% for the first six months of 2011 over the same period in 2010.
Norway bomb blast targeted oil ministry - reports
The bombing that rocked Oslo, Norway, on Friday appeared to target the nation’s Ministry of Petroleum and Energy, according to local media reports. The explosion blew out the windows of a large government office building and damaged several others, including one that holds the prime minister’s office, according to the Washington Post.
Safety progress in Gulf of Mexico drilling should lead to more US permits - API
The US oil and natural gas industry has significantly improved offshore safety, according to Erik Milito, group director of upstream and industry operations at the American Petroleum Institute (API), in testimony delivered this week to the US Senate Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
