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A Citgo Petroleum official said that a compressor at its Lemont III refinery has been shut for planned repairs. The company said this won't impact production at the 167,000 bblpd refinery.
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The entire Line 1 span, which transports gasoline from Houston to Greensboro was shut for an hour after Colonial discovered a small amount of leaked product the day before.
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The likely deal with China Development Bank will be supported by an agreement to supply fuel products from Essar's refinery to PetroChina. Essar group said it has been in discussions with several international banks, including Chinese banks, to replace its local debt.
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Crews worked to clean up some 2,500 bbl of crude that spilled over the weekend at an oil storage terminal in Cushing, Oklahoma, the third biggest crude spill seen in the United States this year. The Enbridge spill took place at a crude gathering site. It follows the rupture in March of Exxon Mobil's Pegasus pipeline, which spilled an estimated 5,000 bbl of heavy Canadian crude into a Mayflower neighborhood.
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The rise in diesel exports comes as Russia's economy weakens with a subsequent lower demand for the country's commodities, and analysts expect the export trend to continue as Russian refiners look to sell their diesel abroad to make up for the waning domestic demand.
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In a filing with the Coast Guard's National Response Center, the company reported that a trunk line hooked up to a storage tank leaked crude oil. The oil migrated beyond a barrier and was settling into a containment pond. The cause of the leak was unknown, according to the report, which was made public.
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A consortium comprised of Itochu and foreign firms won an order from the State Oil Company of the Azerbaijan Republic to build Turkey's largest oil refinery in the western city of Izmir. Other members of the consortium are Tecnicas Reunidas, Saipem and GS Engineering and Construction.
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The Whitetail refinery site was chosen to take advantage of production from the nearby Eagle Ford Shale play, according to WEC officials. This is the first of several planned operations by WEC in the region.
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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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Protests against a planned oil refinery and petrochemicals facility broke out in southwest China for the second time this month, as pressure mounted on local leaders over environmental impact of the project.
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Shell's Nigerian unit, Shell Petroleum Development Company (SPDC) declared force majeure on gas supplies to Nigeria LNG Ltd. (NLNG) following a reported gas leak on one of its pipelines, SPDC said.
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The Cost Reduction Task Force, which authored the report, found that carbon capture and storage technology could be a viable option for the UK government in meeting its carbon reduction targets. The report estimated that CCS technology could soon generate electricity at a breakeven cost.
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Petrobras was informed that a federal judge suspended environmental licenses granted by INEA for the refinery under construction in Rio de Janeiro state. The judge ruled that IBAMA had jurisdiction over licensing the project, forcing a halt in construction until IBAMA issued new licenses.
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The gas supply problem is expected to be alleviated with the Los Ramones project, a pipeline that will carry gas from southern Texas to the central Mexican state of Guanajuato, which is a hub for the Mexican auto industry. Pemex plans to release bidding rules next week for the longest part of the pipeline.
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HollyFrontier disclosed that unplanned outages at two of its refineries will reduce its crude throughput in the 2Q by about 7.5% from what it had been expecting. HollyFrontier spokeswoman Julia Heidenreich said the company felt the event was material and should be reported to shareholders.
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Gasoline retail activities have decreased in Western Europe, on the back of lower consumption due to the prolonged economic crisis. Lower cost retailers have also emerged, forcing some major companies to rethink their refining and marketing strategy and focus instead on oil exploration and production.
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The Ascend propane hydrogenation (PDH) project will be located at a site near Houston, according to regulatory filings. This marks the 14th Oleflex project that UOP has announced since the beginning of 2011, and the company's seventh Oleflex project in North America since the technology was developed.
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The new office will offer process licensing for India's refining and petrochemical sectors, and be GTC's center for engineering/procurement/construction management and a regional site for the company's energy services and process equipment business units. Investment terms were not disclosed.
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The company is seeking to lure investors back. In recent months, BG Group has fallen out of favor with investors and analysts following a write down on the value of its US natural gas assets, big cost overruns at a key LNG project in Australia and downgrades to its production forecasts.
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Petrobras says it is evaluating all possible measures related to the halt, which would stop work on one of the company's largest projects. The Comperj refinery will have installed capacity to process 165,000 bpd of crude oil when it enters operation in April 2015, with a second phase coming by 2018.
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US-based Celanese struck a deal with Japan's Mitsui & Co. to build a new methanol production unit at Celanese's integrated chemicals complex in Clear Lake, Texas.
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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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PetroChina withdrew a bid for an Australian coal bed methane gas producer, but will continue to invest in other Australia projects because of their commercial value and importance for energy security.
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Cleanup is currently under way in Indianapolis after about 500 bbl of diesel fuel leaked there from a Marathon Petroleum pipeline last week. The "vast majority" of product has been recovered, and the affected section of pipe has been cut out and sent for testing.
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Enerkem is working on a new research project with the Canadian government to develop new catalytic processes for the conversion of waste into "drop-in" biofuels.