Refining
Iran expands tanker fleet in bid to maintain exports
Iran has added seven new Very Large Crude Carriers to its fleet since the beginning of the year, including four in the last four months. National Iranian Tanker Co.'s fleet now numbers 37 VLCCs, with a total capacity of 64 million bbl, and 14 smaller tankers, with a capacity of 12.5 million bbl.
EIA: China set to top US as world’s biggest oil importer
China is set to the the largest world import of crude oil in October and will hold that ranking in 2014, forecasters at the federal Energy Information Administartion said Friday
Taiwan sees rising crude oil imports, falling LNG
The country's two refiners, government-owned CPC Corp. and privately run Formosa Petrochemical, refined a combined 3.76 million kiloliters of crude oil, up 4.26% from a year earlier, the bureau said in a monthly report. Refinery utilization fell to 62.54% in June from 66.08% in the previous month, it said.
ConocoPhillips to sell Clyden oil sands in Canada
ConocoPhillips will sell its 100% interest in the Clyden oil sands leasehold to Imperial Oil and ExxonMobil Canada for approximately $720 million (C$751 million) before customary adjustments.
Study: Keystone XL pipeline would not impact US greenhouse gas emissions
According to the new IHS study, the proposed Keystone XL pipeline would have “no material impact” on US GHG emissions. In the absence of the pipeline, alternate transportation routes would result in oil sands production growth being more or less unchanged, the study says.
US officials tighten crude-by-rail shipping rules
Federal railroad officials are investigating whether some crude shipments contain chemicals from fracking that make them more hazardous than their classification indicates.
China posts record high in monthly crude imports
China, the second-largest oil consumer after the US, imported 26.11 million metric tons, or 6.17 million bpd, of crude in July, customs authorities said Thursday. This was 20% more than the same month last year, and up 18% from June, according to calculations by The Wall Street Journal.
KBR wins FEED work to raise US refinery's capacity to handle heavy crudes
During the feasibility phase, KBR’s expertise will focus on determining the optimum economic configuration to increase overall heavy crude processing capability and flexibility. The refinery currently processes light sweet crudes and aims to take advantage of fluctuations in the crude oil pricing market.
EPA likely to lower US renewable fuels mandate
The EPA plans to reduce the volume of renewable fuel that refiners must blend into the US gasoline supply, a move that could shrink markets for ethanol and other products.
New TransCanada pipeline to carry crudes from Alberta to East Canada
TransCanada plans to seek regulatory approval for the project from Canada's National Energy Board by the end of the year, and, if it succeeds, to start construction in 2016. Service to refineries in Montreal and Quebec City would begin the following year and then to Saint John in 2018.
- CTCI awarded $417-MM EPC contract to build ethylene storage in Qatar 11/15
- Russian refineries cut oil runs due to losses, closures loom 11/15
- Spain's Moeve swings to quarterly loss on weak refining margins 11/15
- Asia naphtha supply expected to remain tight over next two years 11/15
- Countries, companies lag in response to tackle methane emissions, U.N. says 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
