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Canadian Prime Minister Stephen Harper took his case for approval of the Keystone XL pipeline to the United States, burnishing Canada's environmental credentials and saying the arguments for the project are "overwhelmingly on the side of approval."
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Exports of crude oil from northern Iraq have been suspended after a new bomb attack against a key pipeline, a Middle East shipping agent said. The attack took place at the north of the al-Shurgat area north of Baiji, some 200 kilometers north of the capital, Baghdad.
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The EPA gave the US State Department's review of the proposed Keystone XL pipeline a 'C' grade, adding that there is "ample time and ability" to upgrade the analysis.
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The company estimated the Cheecham project would cost about $300 million. It will include two new 450,000-bbl blend tanks and convert an existing tank from blend to diluent service. Enbridge will also install receipt and distribution manifolds to facilitate transfers to Enbridge's Waupisoo pipeline.
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NNPC said that it has no plan to set up an agency to protect pipelines in the country. A NNPC spokeswoman, said that the corporation and its subsidiary Pipelines and Produce Marketing Co. aren't privy to any plan by the federal government to up the agency or a commission to protect the pipelines.
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TransCanada said that it has reached binding shipping agreements allowing it to move forward on plans for a pipeline and terminal facility in Alberta that will help link Canadian crude oil resources in the province to markets in eastern Canada and the US. The projects would cost a combined $893 million.
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A resident notified the company that oil had stained the pipeline. Exxon is investigating the cause of the incident. The Pegasus pipeline has been out of service since March 29, when a breach in the line led to thousands of barrels of oil spilling into a residential neighborhood in Mayflower, Arkansas.
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Phillips 66 said it boosted the share of discounted crude produced in the US and Canada that its refineries process to 68% of its feedstock, up from 60% last year. The company said relatively cheap oil from shale and Canadian sources is central to the company's midcontinent refineries.
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Valero said it was spending about $500 million for new equipment at its refineries in Houston and Corpus Christi, Texas, to increase their light, sweet crude refining capacity by a combined 160,000 bpd. The company was also planning to ship more crude oil from Texas to its refinery in Quebec City,
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The country is also planning to build a 30,000 bpd refinery to produce refined fuel products for the local market, allowing the pipeline to transport additional crude to export markets through neighboring Kenya, according to Kalisa Kabagambe, the ministry's permanent secretary.
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Located in the Athabasca region of northeastern Alberta, production from Kearl's initial development is expected to reach daily production of 110,000 bbl by late this year. Expansion will add another 110,000 bpd by late 2015, and the project has the potential to produce a capacity of 345,000 bpd by 2020.
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The company pushed back the in-service date for its proposed Keystone XL pipeline to the second half of 2015 as it awaits US government approval for the controversial project. The US State Department is still reviewing the project, which is opposed by environmental groups.
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Executives at ONGC said they were in the process of agreeing to a long-term alliance with Shell to jointly explore oil and gas production. In India, Shell currently has a small retail presence and is involved in developing a liquefied natural gas import and regasification terminal at Kakinada in Andhra Pradesh.
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With access to rail and existing marine infrastructure, the Port of Vancouver is uniquely positioned to serve as a hub for the distribution of North American crude oil to West Coast refining centers, according to the companies. The deal is subject to approval by regulatory agencies and port commissioners.
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Nearly 75% of Americans and 68% of Canadians said they support or somewhat support the project, which would carry heavy crude from the Alberta oil sands to the US Gulf for refining. "Energy security, particularly in the US, is driving views on energy issues," said Nik Nanos, president of Nanos Research.
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Despite the modest rise of about 100,000 bpd, demand was the second lowest in March since 1997, the API said. Demand for gasoline, the most widely used petroleum product in the country, fell 2.3% in March to a 13-year low of 8.4 million bpd. First-quarter gasoline use was off 1.7% from a year earlier.
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The move is part of Exxon's response to the rupture of the Pegasus pipeline, which on March 29 spilled about 5,000 bbl of oil into streets and yards of the community. Crews were still at work this week cleaning some areas, and none of the residents of 22 evacuated homes have yet returned.
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Torbjorn Tornqvist, chief executive of trading house Gunvor, said Wednesday it was clear that shale production on a scale similar to that in the US is possible in several of the world's biggest current energy producers and consumers -- but that Europe is unlikely to be transformed by it.
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The agreement to build a refinery with a capacity of just 30,000 bpd was reached following a meeting on Saturday between Mr. Museveni and representatives of the oil companies. It follows a warning from Total in February that failure to include an export pipeline in the plan would stall the development.
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Plains said the pipeline is expected to transport both sweet and sour crude oil from the Permian Basin to the Eagle Ford pipeline it operates as part of a joint venture with Enterprise Products. The Eagle Ford pipeline serves markets in Three Rivers, Texas, and Corpus Christi, Texas.
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The potential sale is consistent with Shell’s strategy to concentrate its global downstream businesses where it can be most competitive, according to company officials. Recent examples include the sale of refineries in the UK and Germany and downstream businesses in Finland and Sweden.