Refining
HP Innovations: HPInnovations
IVD vacuum vessel aids in corrosion prevention   Fig. 1. The IVD vacuum vessel   applies aluminum coatings for   corrosion protection.  Thermal processing systems manufac..
US sees lower 2011 oil use, becomes net exporter
US oil demand in all of 2011 dropped 1.8%, or by 345,000 bpd, from 2010 to a two-year low of 18.835 million bpd, government data released Wednesday show. US oil output climbed 7.4% to 5.877 million bpd, the highest level since 1999.
Obama says US reducing dependence on foreign oil
President Barack Obama on Thursday released research that he said showed US dependence on foreign oil shrinking in each year since he took office. Obama then called on Congress to eliminate subsidies to the oil industry.
Canada oil sands producers form alliance to share environmental technology
Canadian oil sands producers have formed a new alliance named Canada's Oil Sands Innovation Alliance (COSIA), seeking to accelerate the pace of improving environmental performance in Canada's oil sands. COSIA also announced Dr. Dan Wicklum as CEO of the new alliance.
Repsol to align with Pemex on downstream work in Americas, Spain, Portugal
Spain-based Repsol signed a strategic industrial alliance with Pemex, for 10 years, looking for synergies and profits in the short and medium term. The agreement involves cooperation in upstream and LNG in the Americas and downstream operations in the Americas, Spain and Portugal.
Blackwater to boost storage capacity at Georgia chemical terminal
Blackwater Midstream will add 60,000 barrels of chemical storage capacity at its terminal site in Brunswick, Georgia, the company said on Wednesday. The Brunswick site will grow from its current capacity of 161,000 bbl to a total of 221,000 bbl after construction is completed.
Lukoil taps Foster Wheeler for waste heat boiler at Russia refinery
Foster Wheeler has been awarded a contract by Lukoil for the supply of a waste heat boiler for the Nizhegorodnefteorgsyntez refinery located in the Nizhny Novgorod region of Russia. Foster Wheeler’s scope of work is scheduled to be completed by March 2013, it said.
EIA warns of diesel price spike if Sunoco closes Philadelphia refinery
Ultra-low-sulfur diesel fuel - already at a record high for this time of year - could spike higher if Sunoco proceeds with plans to shut the 335,000 bpd refinery in July.
BP in talks for $14bn Gulf oil spill settlement
BP and plaintiffs suing over the 2010 Gulf of Mexico oil spill are in talks for a $14 billion settlement funded by monies originally set aside by the company for out-of-court settlements, Bloomberg News reported Monday, citing three people familiar with the negotiations.
TransCanada to move ahead with Gulf Coast leg of Keystone XL pipeline
The company will build the southern leg while a new application for the whole pipeline is reviewed by the US government.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
