Refining
US growth in tight oil production could reshape Canadian oil sands markets
The US will remain the main market for Canada's oil sands and its import levels are expected to grow, but the destinations and types of imports are likely to be altered.
Aramco, Bapco to upgrade path of joint oil pipeline to lone Bahrain refinery
The project will up the capacity of the pipeline, opened in 1945, to 350,000 bpd of oil from 230,000 bpd, the person said. The project is part of a strategy to develop Bahrain's oil and gas sector.
PTT aims to join Pertamina Indonesia refinery study
After Pertamina chooses its partner, the study will be conducted to determine production capacity, investment details, and a timeframe, said Pailin Chuchottaworn, chief executive of PTT. PTT sees investment opportunities in Indonesia's energy sector given its huge population and potential demand.
US weekly ethanol production sinks to record low
The figure was the lowest since the EIA began releasing weekly ethanol production data in mid-2010. It was slightly below the previous low of 785,000 bpd in late September. US ethanol producers have struggled with weak margins since early last year, pressured by several factors.
BP outlook shows North America shale oil boom putting pressure on OPEC
BP's forecasts illustrate the extent to which the North American boom, first in shale gas production and now in shale oil, has redrawn the global energy map. However, the company doesn't expect the shale revolution to spread by 2030 on any great scale to Asia or Europe.
Valero expands Houston refinery for Texas crudes
The move by Valero, the world's largest independent refiner, illustrates how the US crude-oil production boom is displacing crude-oil imports. Valero said by 2015 it will complete the project to add a 90,000 bpd "crude topper" to the refinery. The company will spend up to $280 million on the project.
Idemitsu, partners approve $9bn Vietnam refinery
The joint venture partners on Tuesday signed a preliminary agreement with an international consortium to build the $9 billion Nghi Son refinery after securing part of around $5 billion in bank loans and agreeing to final terms with the Vietnamese government, an Idemitsu official said.
UK rejects requests to stop Arctic oil, gas drilling
The UK government said that while it recognized the risks of drilling for hydrocarbons in the sensitive Arctic region, high environmental and drilling standards, efforts to enhance oil spill prevention and response mechanisms would be more effective than a complete ban.
Enterprise inks marine transport deal with Exxon for US refined products
Under the terms of the agreement, which took effect January 1, 2013, Enterprise is committing five tugs and 10 barges for the transportation of refined products and other hydrocarbon products along the US inland waterway system. Financial terms were not disclosed by the companies.
US issues new emission rules on diesel generators
The new rules will cut costs for diesel-generator users by $139 million a year, while reducing hazardous air pollutants, carbon monoxide, nitrogen oxides and other pollution, the EPA said. Diesel generators emit pollution that can cause cancer and can aggravate respiratory and heart diseases.
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- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
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- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
