Crude oil
HP Construction: Asia Pacific
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the group owns with Samsung as part of the Samsun..
US sees lower 2011 oil use, becomes net exporter
US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.
Obama says US reducing dependence on foreign oil
President Barack Obama on Thursday released research that he said showed US dependence on foreign oil shrinking in each year since he took office. Obama then called on Congress to eliminate subsidies to the oil industry.
Canada oil sands producers form alliance to share environmental technology
Canadian oil sands producers have formed a new alliance named Canada's Oil Sands Innovation Alliance (COSIA), seeking to accelerate the pace of improving environmental performance in Canada's oil sands. COSIA also announced Dr. Dan Wicklum as CEO of the new alliance.
Blackwater to boost storage capacity at Georgia chemical terminal
Blackwater Midstream will add 60,000 barrels of chemical storage capacity at its terminal site in Brunswick, Georgia, the company said on Wednesday. The Brunswick site will grow from its current capacity of 161,000 bbl to a total of 221,000 bbl after construction is completed.
BP in talks for $14bn Gulf oil spill settlement
BP and plaintiffs suing over the 2010 Gulf of Mexico oil spill are in talks for a $14 billion settlement funded by monies originally set aside by the company for out-of-court settlements, Bloomberg News reported Monday, citing three people familiar with the negotiations.
TransCanada to move ahead with Gulf Coast leg of Keystone XL pipeline
The company will build the southern leg while a new application for the whole pipeline is reviewed by the US government.
India seeks boost in Saudi Arabia crude oil supply
India has asked Saudi Arabia to augment daily shipments by up to 100,000 bbl each year to meet expanding refining capacities at home, Oil Minister Jaipal Reddy said.
Shell to buy fuel from Petroplus French refinery
The company will use the France refinery owned by insolvent Swiss-based refiner Petroplus to process crude oil for six months, said French President Nicolas Sarkozy.
TNK-BP to review operations at unprofitable Ukraine refinery
Russian oil major TNK-BP, half-owned by BP, said Friday that operations at the Lisichansk refinery in Ukraine have become unprofitable and it plans to further review its options for increasing efficiency. The refinery has a capacity of over 7 million tpy of crude oil.
- Clariant's FAMAX™ catalysts deliver outstanding performance at two Yihua formaldehyde plants in China 5/27
- Aramco and Emerson collaborate on strategic corrosion R&D 5/27
- TotalEnergies extends fuel price cap in France through June 5/27
- MOL says repairing petrochemical plant damaged in explosion could take several months 5/27
- China allows fresh urea exports amid Iran war-fueled fertilizer crisis 5/27
- India ethanol push drives big rise in land farmed to make fuel 5/27
