Crude oil
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.
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.
- 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
