Refining
Crude oil costs rise as OPEC meeting concludes without production increase
OPEC talks broke down on Wednesday as government officials were unable to convince the cartel to raise production rates.
ExxonMobil makes three oil, gas discoveries as Gulf drilling resumes post-moratorium
ExxonMobil announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well.
Capstone receives order for microturbines from Russian oil firm Tatneft
Capstone Turbine Corp. said it received another follow-on order from the oil and gas industry for its microturbines. The new order is for C600 and C800 power packages from Tatneft, one of the largest Russian oil companies.
BP unveils annual energy review, sees China passing US as top consumer
China became the world’s largest energy consumer in 2010, overtaking the US during a year which saw the global economic recovery drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks, BP said in its annual global energy review.
Shell commits to develop new Gulf deepwater field
Shell on Wednesday announced a $2.5 billion investment to develop its major Cardamom oil and gas field in the deep waters of the Gulf of Mexico. The Cardamom project is expected to produce 50,000 bbl/day of oil equivalent (boe) at peak production and more than 140mn boe over its lifetime.
Statoil sells stake in Norway pipeline JV Gassled
Norway’s oil company Statoil ASA will sell the majority of its stake in gas transportation firm Gassled for 17.35 billion Norwegian kroner ($3.2 billion).
IEA says natural gas entering 'golden age', could muscle out renewables
As supply and demand factors increasingly point to a future with natural gas playing a greater role in the global energy mix, the International Energy Agency (IEA) says natural gas may increasingly “muscle out” low-carbon fuels such as renewables and nuclear.
NPRA urges US approval of Keystone XL pipeline
The National Petrochemical & Refiners Association (NPRA) sent a letter to the US State Department urging approval of the Keystone XL pipeline, which would bring oil from Western Canada to US refineries.
Foster Wheeler wins Spanish engineering award for refinery expansion work
Foster Wheeler won the 2010 national prize in industrial engineering from the Spanish National Society of Professional Industrial Engineers for refinery expansion work completed for Repsol Petróleo S.A. in Cartagena (Murcia), Spain.
Air Products to supply Valero US Gulf refineries with hydrogen, plans new facility
Air Products will supply US refiner Valero with more than 200 million standard cubic feet/day of additional hydrogen for its refineries in St. Charles, Louisiana and Port Arthur, Texas, officials said on Monday.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
