Diesel
HP Construction: Middle East
A grassroots diesel hydrotreater unit (Prime-D), licensed by Axens, was successfully put into production at Saudi Aramco’s Ras Tanura refinery. The 105,000-bpsd unit—reportedly one of the wo..
Clean fuels firm Neste Oil divests Estonia gas unit
European renewable diesel supplier Neste Oil has sold its majority-owned (93.85%) Estonian subsidiary, AS Reola Gaas, to the Estonian-based Alexela Group. The transaction was completed on Monday. The parties said they agreed not to disclose the value of the sale.
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.
Natural gas company Chesapeake seeks to reduce US dependence on OPEC oil
In an effort to help break what it described as a 38-year stranglehold by OPEC on the US economy, Chesapeake Energy unveiled a plan that it says offers a scalable and affordable pathway toward a transportation future that runs on domestic supplies of natural gas and oil from deep shale and other unconventional formations.
Elliott Group to supply compressors for Petrobras refinery expansions in Brazil
Elliott Group has won contracts from Brazilian oil major Petrobras to supply compressors for expansion projects at the company's REGAP and REMAN refineries as well as the new northeast refinery RNEST. The projects will aid the Petrobras' efforts to increase domestic production of high-quality diesel fuel, officials said.
HP Construction: North America
CB&I has been awarded an additional project, valued at approximately $50 million, for storage tanks at an oil-sands project near Fort McMurray, Alberta, Canada. CB&I’s scope of work includes the ..
HP Construction: Europe
Jacobs Engineering Group Inc. has received a contract from Goteborg Energi AB for the GoBiGas project, a 20-MW biomass gasification and methanation project in Goteborg, Sweden. Officials estimate the ..
Mississippi ranked as world's top spot for oil and gas investment
Mississippi is ranked as the top place in the world for oil and gas investment, according to the opinions of international petroleum executives and managers in the annual Global Petroleum Survey, released today by the Fraser Institute.
Total unloads UK downstream marketing assets
Total has signed a sale and purchase agreement to sell most of its marketing assets in the UK, the Channel Islands and the Isle of Man to Rontec Investments, a consortium led by Snax 24, an independent forecourt operator in the UK.
Release of strategic oil reserves: New form of economic stimulus
On June 23 International Energy Agency (IEA) members announced the release of 60 million barrels of strategic oil reserves over a month—the equivalent of 2 million barrels per day (bpd) for 30 days. Half of this amount—30 million barrels—will come from the US Strategic Petroleum Reserve (SPR), which currently holds 726.5 million barrels of crude. The release of 60 million barrels over 30 days will temporarily increase world oil supply by about 2.3 percent.
- Colombia's Ecopetrol to invest up to $700 MM in SAF production plant 4/2
- Ergon to invest $400 MM to expand gasoline production at Vicksburg refinery (U.S.) 4/2
- DB Schenker to use Neste's renewable diesel to decarbonize logistics in Asia 4/2
- U.S. EPA's upcoming proposal on biofuel blending mandates to cover two years 4/2
- ExxonMobil to invest more than $100 MM in Baton Rouge upgrade to produce high-purity isopropyl alcohol 4/2
- Stockholm Exergi to begin building one of the world's largest carbon capture projects using CATACARB Enhanced HPC 4/2
