Refining
TNK-BP, Sibur to partner on hydrocarbon feedstock
The Russian companies reached agreement on the indefinite continuation of their Yugragazpererabotka gas processing joint venture, with contracts under the joint venture framework extended through 2026.
Essar, Barclays reach crude oil supply deal for UK Stanlow refinery
Under the three-year deal announced Wednesday, Barclays has already started buying crude for the Stanlow refinery, the UK's second largest at 296,000 bpd. Barclays has also taken control of inventories of crude oil and refined products on the site worth $700 million, Essar said.
API to shut Falconara Marittima refinery for 2013
Italy-based API Anonima Petroli Italiana SpA, the refiner and service-station operator also known as Api, will shut its Falconara Marittima refinery from January for a year to revamp its power engine. The refinery, located on the Adriatic coast, has a capacity of 85,000 bpd.
Valero shuts Meraux refinery in Louisiana after fire
The exchanger caught fire at about 1:30 a.m. local time on Sunday, according to a report filed with the US National Response Center. All units will remain down while repairs are made to the crude unit and related utilities. Valero did not give a timetable for repairs or a possible restart.
US oil, fuel demand falls amid weak economy - API
Gasoline demand tracked the overall numbers, declining 2.5% for June versus a year ago and 1.0% for the first six months of this year against the same period in 2011, the API said. Distillates, jet fuel, and residual fuel were also down for the first six months, while distillates and residual fuel were down for June.
Enbridge to spend up to $500mn more on Canada pipeline safety features
The company's plan to build an oil pipeline from Alberta to a port in Kitimat, British Columbia, for export overseas faces opposition within the province, including from native groups and environmental organizations. Northern Gateway would ship up to 525,000 bpd and is scheduled for a 2017 startup.
PdVSA awards Venezuela refinery expansion work to Foster Wheeler, Toyo
Foster Wheeler will execute the project in consortium with Toyo Engineering Corp. from Japan and Y & V Ingeniería y Construcción from Venezuela. The consortium previously completed the front-end engineering design for the project. The value of the deal was not disclosed.
Celanese, Pertamina to collaborate on fuel ethanol projects in Indonesia
In line with a long-term strategy to develop new and renewable energy sources, Pertamina will collaborate exclusively with Celanese to jointly develop synthetic fuel ethanol projects in Indonesia utilizing Celanese’s proprietary TCX ethanol process technology. Production could begin in about 30 months.
BP, Russian partners discuss stake sale in TNK-BP crude oil venture
The talks set up an end game for what has proved to be a highly profitable, but tempestuous BP adventure in Russia, one that could yet draw in other major players in the country's state-dominated energy sector.
BP to commission delayed UK biorefinery this year
The construction of the biorefinery, one of the world's largest, was due to be completed by late spring. The delays are due to BP ensuring it is "dotting every i and crossing every t," said Phillip New, BP Biofuels CEO.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
