Refining
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.
Total sees improving European refining margins
The $38.20/ton margin nearly doubled the $20.90/ton figure in the first quarter of this year, Total said in its quarterly chart of main indicators. European refining economics have been relatively weak for years, but margins have greatly improved in recent months amid the closure of several facilities.
Codexis eyes biofuel technology license from Shell
Under the agreement, Shell has agreed to negotiate exclusively with Codexis through September 1 on the terms of a new agreement under which Shell would grant certain rights and licenses in the biofuels field to develop and sell cellulase enzymes to third parties on a worldwide basis, except Brazil.
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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
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
