Crude oil
HP Boxscore Construction Analysis: 2013 global construction outlook
The downstream industry is investing billions of dollars in the development and construction of grassroots facilities, along with expansions and upgrades to existing plants.
HP Viewpoint: Interview with UOP
Hydrocarbon Processing had the opportunity to meet with Dr. Rajeev Gautam, president and CEO of UOP, A Honeywell Co., and discuss several high-level factors impacting the global hydrocarbon processing..
HP Industry Perspectives: Energy industry expects approval on the Keystone XL
With US President Barack Obama’s second four-year term now secure, most in the global hydrocarbon processing industry (HPI) expect the Obama administration to ultimately approve the controversial..
Brazilian oil workers expected to approve wider Petrobras strike
Workers are protesting Petrobras's latest profit-sharing offer, which the union contends short-changes workers to the benefit of shareholders. The strike is tentatively scheduled to start Feb. 20, said Joao Antonio de Moraes, general coordinator for the Brazilian Oil Workers Federation, or FUP.
Brazilian oil workers expected to approve wider Petrobras strike – union
Workers are protesting Petrobras's latest profit-sharing offer, which the union contends short-changes workers to the benefit of shareholders. The strike is tentatively scheduled to start Feb. 20, said Joao Antonio de Moraes, general coordinator for the Brazilian Oil Workers Federation, or FUP.
Japan boosts imports of Russian LNG, crude oil
Japan's imports of liquefied natural gas from Russia rose 17% to 8.3 million metric tons last year, while its imports of Russian crude oil increased 10% to 10.02 million kiloliters, or about 172,000 bpd. Japan also imported 8.12 million tons of thermal coal from Russia in 2012, up 8.1% from 2011.
Valero exploring use of rail to move Canadian crude oil to US Gulf refineries
Valero already has expanded greatly how much oil from Texas and North Dakota its Gulf Coast refineries use. The San Antonio, Texas, company, the world's largest independent refiner, now is looking into using rail cars to bring Western Canadian oil to the Gulf Coast, home to about two-thirds of its refining capacity.
US could become world's biggest liquid fuels producer by 2014
Total US production of liquid fuels could equal or surpass Saudi Arabia as early as next year, but crude oil output will still remain short, according to an EIA administrator.
Nebraska approves new Keystone XL pipeline route
The approval by the state's governor, a Republican, is one of the last remaining hurdles the pipeline has to clear before getting a final permit from the Obama administration. Meanwhile, the US State Department is expected to release a draft of its own findings in the coming days.
IEA raises forecast for global oil demand in 2013, citing strength in China
In China, which alone accounted for two-thirds of total oil demand growth in the four years to 2011, infrastructure spending, stronger electricity use and increased rail usage could underpin an increase in demand, the IEA said. In Europe, however, the picture still remains bleak.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
