Refining
Seaway pipeline reversal to ease US Midwest oil supply glut
The decision to reverse the flow of a key oil pipeline should alleviate a supply bottleneck that has trapped crude in the Central US for the better part of this year. "What you're going to see is WTI more closely aligned with your global crude prices," said Brian Milne, refined fuels editor at Telvent DTN.
Aeroméxico begins using Honeywell UOP biofuel on commercial routes
Honeywell’s UOP said that its Green Jet Fuel is powering Aeroméxico’s Mexico City to San José, Costa Rica route, marking one of the first uses of renewable fuels in everyday airplane passenger service. The Mexican aviation sector expects biofuels to account for 1% of the fuel used in Mexico by 2015 and 15% by 2020.
US NGL production to rise over 40% by 2016 - study
US natural gas liquids (NGL) production is expected to increase more than 40% over the next five years, according to a new joint market study from BENTEK Energy and Turner, Mason & Company (TM&C). Current levels of NGL infrastructure are inadequate to handle the surge in NGL production and significant new investment is needed to relieve bottlenecks, according to the authors.
Enbridge buys Conoco stake in US Seaway pipeline, will reverse crude oil flow
Enbridge has acquired ConocoPhillips’ 50% interest in the US Seaway Pipeline for $1.15 billion and has agreed with joint owner Enterprise Products to reverse the direction of crude oil flow, allowing it to carry discounted West Texas Intermediate (WTI) from Cushing, Oklahoma, to the US Gulf coast.
TransCanada CEO: Keystone XL still most competitive Gulf coast pipeline
TransCanada Corp. chief executive Russ Girling said Wednesday the Keystone XL pipeline is still the best alternative to bring Canadian crude to the US Gulf coast despite a delay and a re-route imposed by the US government last week. Girling also said Keystone's shippers remain supportive of the project, due to its progress through planning and regulation.
Enterprise Products cancels Wrangler pipeline plan
Enterprise Products said Wednesday it will cancel its Wrangler pipeline project in favor of reversing the Seaway pipeline to bring crude oil from Cushing, Okla. to the Gulf Coast. "For all intents and purposes, this project takes the place of Wrangler," the company said.
TransCanada: Keystone reroute agreement could speed approval process
TransCanada Corp. said it reached a tentative deal with Nebraska officials that would move the planned route of its Keystone XL pipeline project away from an environmentally sensitive region, possibly reviving a stalled approval process for the controversial oil conduit.
IHS acquires downstream market research firm Purvin & Gertz
Consultancy group IHS has acquired Purvin & Gertz, a global advisory and market research firm that provides technical, commercial and strategic advice to international clients in the petroleum refining, natural gas, natural gas liquids, crude oil and petrochemical industries.
Keystone delay causing tremors among big oil, benefiting small refiners
The US State Department's decision to delay TransCanada Corp.'s expansion of its Keystone pipeline system sparked quick concern in the North American energy industry. The move would delay completion of the project by a year and a half, according to the American Petroleum Institute (API).
IEA lowers China’s oil demand forecast
The International Energy Agency has slightly lowered its 2012 forecast for Chinese oil demand due to an anticipated slowdown in that country's economy, but revised up its forecast for India's oil demand next year by the same amount. China's gross domestic product in the third quarter rose 9.1% from a year earlier but was down from a 9.5% growth in the second quarter and 9.7% in the first.
- Samsung C&T and Axens partner to accelerate global deployment of CCUS projects with advanced DMX™ technology 2/24
- Yokogawa and CMC Solutions sign global sales and service agreement for predictive emission monitoring systems for industry 2/24
- Update on Asian refinery maintenance/turnarounds and outages 2/24
- NOVA Chemicals commercializes two new recycled polyethylene grades 2/24
- Verso Energy to use Honeywell UOP tech for seven eSAF projects 2/24
- Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7-B pipeline deal 2/24
