Hess Loses $59 Million in Q1, but R&M Earnings Up Big

Global Refining & Fuels Report: News from Americas	May 06, 2009
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 13, Issue 9

Top Stories
New GM Viability Plan Scraps Pontiac, Slashes Dealerships, Workforce
ConocoPhillips Q1 Earnings Tumble 80%
Valero Reports 23% Jump in Q1 Earnings
U.S.: Kyoto, No; Copenhagen, Yes; and World ‘Green Project’ Bank Coming
BP Earns $2.6 Billion in Q1
Kuwait-China JV Guangdong Refinery Still in the Works
Shell Q1 Earnings Drop 62%
U.S. EPA Finally Issues Renewable Fuel Standard-2
Australian Government Delays Implementation of Carbon Trading Program
ExxonMobil Earnings Fall 58%
Chrysler Files for Chapter 11 Bankruptcy Protection
Marathon Louisiana Refinery Expansion 85% Complete
Chevron Earnings Drop 64.4% in Q1
U.S. Retail Vehicle Sales Down Again in April
U.K. Energy Use to Drop with Electric, Plug-in Vehicles
Hart’s World Refining & Fuels Conference May 18-19 in Brussels
Market Snapshot
Gasoil
Brent
News from Americas
Husky Energy Q1 Earnings Decline 63%
Suncor Loses C$189 Million in Q1
Ford Posts $1.4 Billion Q1 Loss
Salamanca Sulfur Recovery Tender Is On Again
Hess Loses $59 Million in Q1, but R&M Earnings Up Big
Petro-Canada Posts C$47 Million Q1 Loss
Renault-Nissan Forms Another Electric Vehicle Partnership
Glencore, Ecopetrol Agreement on Cartagena Refinery Delayed
Suncor, Petro-Canada Merger Advances
Delek Refinery Resumes Operations This Month as Planned
U.S. Congress Eyes Sanctions on Iran Petroleum Suppliers
Petrobras Seeking Partner for Ceara Refinery, Denies Reported Mitsui Offer
Most Oil and Gas Executives Say U.S. Energy Independence Won’t Happen Before 2030
News from Middle East / Asia
Reliance Earnings Decline 9.4%
Honda Loses 186 Billion Yen in Q4
Construction Under Way at Kuwait-Japan JV in Vietnam
PetroChina Q1 Earnings Down 38%
Indonesia’s SETDCO Proposes 300,000 b/d Refinery
CNOOC Q1 Shows Increased Production, Decreased Revenue
Reliance Industries Acquires Chevron’s Stake
Sinopec Earnings Increase 85% in Q1
Japanese Auto, Cycle Output Fell 50% in March
Honda to Produce a PHEV?
Essar Restarts Vadinar Refinery
China to Do Away with Small Refineries by 2011
Indonesia Looks to Incentives to Get New Refineries Built
News from Europe / Africa
News Brief: ONGC Mittal to Build Refinery in Nigeria
Eni Earnings Fall 42.7%
PKN Orlen Says it was Hurt by Lithuanian Refinery Purchase
Neste Postpones Construction of Gasoline Isomerization Unit
Sibir Energy Negotiating Settlement for Misspent Money, Names New CEO
Market Report
NYMEX Crude Down Tuesday After Climbing Four Straight Days

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