Refining
Malaysia's Petronas picks Technip for FEED work on refinery, petrochemical project
Technip has been awarded a front-end engineering design (FEED) contract by PETRONAS for its proposed refinery and petrochemical integrated development (RAPID) project located in the state of Johor, Malaysia. The contract is scheduled for completion in the second half of 2013.
Chevron says oil, gas output to jump 20% by 2017
Chevron said Tuesday its oil and gas production will inch up this year but it expects output to jump 20% in five years as massive liquefied natural gas (LNG) projects in Australia commence operations. Chevron officials noted that annual production could vary depending on oil prices.
Valero contract worker dies after flash fire at Memphis refinery
Nicolas Cuevas, one of three contract workers injured in a flash fire last week at Valero Energy Corp.'s oil refinery in Memphis, Tenn., died Saturday afternoon, a Valero spokesman said. The men were working at the flare platform as part of the crude unit turnaround that got under way March 2.
Motiva to convert N.J. storage to ULSD, biodiesel
Motiva plans to convert all of its high sulfur diesel heating oil (2000 ppm) storage to ultra low sulfur diesel (ULSD) (15 ppm) at its Sewaren Terminal in New Jersey. That will allow Motiva Sewaren, a 5mn bbl refined products terminal, to take deliveries of ULSD for NYMEX-based contracts via marine and pipeline.
US Senate kills latest bid to speed approval of Keystone oil pipeline
The US Senate defeated an attempt by Republican lawmakers to grant congressional approval for the construction of a new oil pipeline, after the White House confirmed that President Barack Obama personally called senators to persuade them to reject it. Republicans were trying to override Obama's objection.
OPEC says Asian growth offsets low OECD demand
The fundamental forces driving the world oil market were broadly stable in February, due to the familiar pattern of consumption growth in Asia offsetting weaker demand in the West, the Organization of Petroleum Exporting Countries said Friday. Recent data hasn't been encouraging, it said.
Enbridge restarts US Midwest oil pipeline after spill
Enbridge said it fully restarted a Midwest oil pipeline Thursday morning that had been shut down last weekend after a car crash hit it, causing a fire and spill. Two people died in the crash and three were taken to hospital to be treated for burn injuries.
Petrobras CEO pegs 2012 oil price at $100/bbl, says high levels won't last
The recent rise in global oil prices to as high as $123/bbl represented a "peak" and does not change Brazil's forecast for average prices in 2012 of $100/bbl, said Petrobras' CEO. According to Petrobras economists, oil prices could fall even lower "in the next few years," reaching $80 or $90/bbl.
Russia refiner taps Foster Wheeler for fired heater
Foster Wheeler has been awarded a contract by CJSC Antipinsky Refinery for the engineering and material supply of a new fired heater and air preheating system for the Antipinsky refinery in Tyumen. Foster Wheeler’s scope of work is scheduled to be completed by the end of 2012.
ExxonMobil to spend $185bn through 2016 to grow new energy sources
US-based oil and gas major ExxonMobil plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, CEO Rex W. Tillerson said. A total of 21 major oil and gas projects will begin production between 2012 and 2014.
- Sinopec, Aramco start building $10-B petchem complex in China's Fujian province 11/18
- Clariant EnviCat N2O-S catalyst to cut CO2eq by 690,000 tpy at Hengli’s nitric acid plant in China 11/18
- Russia's Ilsky refinery has asked for gov't help over high rates, modernization 11/18
- North Dakota (U.S.) approves Summit Carbon pipeline permit 11/18
- China's oil refinery output falls from a year ago for a seventh month 11/18
- European oil giants step back from renewables path 11/18
