Crude oil
Shipper commitment period extended for proposed Cushing-to-Houston crude pipeline
Enterprise Products and Energy Transfer today announced a three-week extension of the binding open commitment period for capacity on the proposed Double E crude oil pipeline from Cushing, Oklahoma to Houston.
API chief executive urges US to expedite offshore permitting programs
American Petroleum Institute (API) CEO Jack Gerard said on Friday that speeding up offshore permitting programs in US waters could allow President Barack Obama to reverse disappointing employment numbers while generating additional revenue to help with the debt crisis.
Martin Midstream to build Corpus Christi terminal, will take crude from Eagle Ford shale
Martin Midstream will build a new terminal at the Port of Corpus Christi, Texas to receive crude oil from the Eagle Ford shale via the recently announced Harvest Gardendale pipeline, company officials said.
Elliott Group to supply compressors for Petrobras refinery expansions in Brazil
Elliott Group has won contracts from Brazilian oil major Petrobras to supply compressors for expansion projects at the company's REGAP and REMAN refineries as well as the new northeast refinery RNEST. The projects will aid the Petrobras' efforts to increase domestic production of high-quality diesel fuel, officials said.
ExxonMobil updates Montana oil spill response
ExxonMobil Pipeline Co. issued the following statement as cleanup operations continued on Tuesday following an oil spill over the weekend into Montana’s Yellowstone River. The release originated from a 12-inch crude pipeline operated by the company that runs from Silver Tip to Billings in Montana.
PetroChina, INEOS finalize Europe refining JV
PetroChina and INEOS have completed a deal to form trading and refining joint ventures effective July 1. The joint ventures include trading and refining activities at the Grangemouth refinery in Scotland and the Lavéra refinery in France. The business employs approximately 1,000 people and has a turnover of $15bn.
PDVSA awards Foster Wheeler with design deal for new refinery in Venezuela
Foster Wheeler has been awarded a process design and front-end engineering design (FEED) services contract by PDVSA for the new Batalla Santa Ines refinery Phase I hydroskimming section to be built in Barinas, Venezuela.
US refiners Holly, Frontier complete merger
HollyFrontier on Friday announced the completion of the merger of Holly Corp. and Frontier Oil Corp. The merger combines two leading independent refiners to create the most profitable (on a per barrel basis) independent refiner in the US, the companies said.
Marathon finalizes spinoff of downstream business
Marathon Oil has completed the spin-off of its downstream business, making Marathon Oil an independent upstream company and Marathon Petroleum the fifth-largest US crude oil refiner, the companies said on Friday.
July 4 travel likely to fall in US amid high fuel costs, reducing gasoline demand
The American Automobile Association (AAA) forecasts 39 million Americans will travel 50 miles or more from home during the Independence Day holiday weekend, a 2.5% decline from the 40 million people who traveled a year ago.
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- Brazilian city trials new biofuel aimed at replacing diesel entirely 3/22
- South Korea to review restructuring plan for largest petrochemical complex 3/22
- Shell says Pearl GTL facility's train two in Qatar requires around a year for full repair 3/22
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years 3/22
- The Shipping Corporation of India and Mazagon Dock Shipbuilders sign contract for methanol dual fuel platform supply vessel 3/20
