http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2012/10/bp-nears-deal-to-sell-stake-in-tnk-bp-crude-venture-to-russias-rosneft/ TNK-BP has been one of BP's best investments, returning $19 billion in dividends on the roughly $8 billion paid for its 50% stake in 2003. The venture accounts for nearly a quarter of BP's reserves and production. But tensions with AAR over strategy and governance have plagued the venture for years. http://hydrocarbonprocessing.com/news/2012/10/murphy-oil-to-spin-off-us-downstream-business/ Murphy Oil on Tuesday said it expects to complete the spinoff of Murphy USA in 2013. Murphy USA’s business will consist of retail marketing of petroleum products, a chain of retail gasoline stations, seven product distribution terminals and two ethanol production facilities in North Dakota and Texas. http://hydrocarbonprocessing.com/news/2012/10/canada-seeks-more-energy-exports-to-india-less-dependence-on-us/ Canada's search for alternative destinations, including India, China and Japan, for its trove of hydrocarbon resources coincides with India seeking stable supplies of oil and gas to augment its own, relatively limited, energy resources, which currently satisfy less than a quarter of its requirement. http://hydrocarbonprocessing.com/news/2012/10/opec-lowers-global-oil-demand-forecasts-for-2012/ Economic growth is mostly set to come from emerging markets, but these countries are reliant on exports to developed economies, which have performed sluggishly this year. Moreover, improvements in the global economy are dependent on the success of government and central-bank action. http://hydrocarbonprocessing.com/news/2012/10/sunoco-completes-us-merger-with-energy-transfer/ Energy Transfer gains 7,900 miles of crude oil and refined fuel pipelines from Sunoco Logistics Partners master limited partnership and give it a toe-hold in the Marcellus and Utica shale regions, increasingly productive sources of oil and natural gas. Sunoco now becomes a subsidiary of Energy Transfer. http://hydrocarbonprocessing.com/news/2012/09/enbridge-suncor-expand-canada-oil-sands-terminal/ Enbridge will construct a new 350,000 bbl tank at the Athabasca terminal as well as additional infrastructure including new booster pumps, meters and modifications to existing piping and manifolds. To meet Suncor's required in-service date, Enbridge began construction in July 2011. http://hydrocarbonprocessing.com/news/2012/09/bp-may-use-sale-proceeds-from-tnk-bp-to-boost-stake-in-russias-rosneft/ BP's commitment to Russia follows a meeting of BP chief Bob Dudley, BP chairman Carl Henric Svanberg, Rosneft CEO Igor Sechin and Russian President Vladimir Putin. "If we're successful at selling our stake, we'd be interested in buying a share in Rosneft," a BP spokesman said. BP already owns 1.3% of Rosneft. http://hydrocarbonprocessing.com/news/2012/09/iea-aims-to-halve-road-transport-fuel-use-by-2050/ In two reports published Wednesday, the IEA said there was massive potential for fuel efficiency improvements to reduce demand for transport fuels by 2050, even if the number of road vehicles doubles in the same period. The reports highlight technology available or about to enter the mainstream market. http://hydrocarbonprocessing.com/news/2012/09/oneok-seeks-shippers-for-proposed-bakken-shale-to-oklahoma-crude-pipeline/ The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 bpd of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla. http://hydrocarbonprocessing.com/news/2012/09/iea-sees-high-refinery-activity-boosting-fuel-supply/ The Paris-based energy watchdog, which represents major oil-consumer nations, expects refiners to process around 75.7 million bpd of crude in the third and fourth quarters, 1.3 million bpdmore than in the last quarter of 2011. Behind the output rise is unexpectedly high production in developed economies.