- Top Stories
- Hart’s EEE Awards to GM, Drillers Supply Int.; Special EPA Honor to Hart’s EVP
- COP 16 Special Coverage: Meetings Hailed a Success; Many Issues Postponed
- COP 16 Special Coverage: Push for CCS Technologies in Cancun
- Refiner Tesoro Corp. Forming MLP
- Statue Cruises to Launch Hydrogen Hybrid Vessel by April
- Virgin: 100% of Profits Dedicated to Jet-Biofuels R&D
- O’Malley to Retire as Petroplus Board Chairman
- Shell Applies for ‘Integral’ Oil Sands CCS Permit
- Albemarle, Petrobras Team-up on ULSD Catalyst Plant
- Sunoco to Sell Ohio Refinery to PBF for US$400 Million
- Germany Issues ‘National Electromobility’ Standards for EV Systems
- TAM Flies Airbus Jet on Jatropha-Based Biofuel
- Alberta Would Take Liability for Long-Term CO2 Storage
- Market Report
- Fortnight Market Snapshot: ICE Brent Futures and ICE Gas Oil Futures
- Asia Diesel, Gasoline Leading Global Oil Demand Rebound: WoodMac
- EU Leads Top 100 Countries Ranked by Low Sulfur Diesel Limits
- Pyrolysis-Oil BTX Scheme Could Eliminate Fossil Feedstocks: Study
- Only 7% of U.S. Car Shoppers Likely to Consider Buying an EV: Report
- News from Americas
- BP, Husky Boards Approve US$2.5-Billion Toledo Refinery Upgrade
- Enterprise Enhances Refined Products Service Capabilities
- Greens Launch Ad Assault Against Alberta Oil-Sands Pipeline
- Pemex Reportedly Negotiating Acquisitions of U.S. Refineries
- U.S. Senate Committee Advances Diesel Emissions Reduction Act
- Marathon Closes Sale of Minnesota Downstream Assets
- News from Middle East / Asia
- Kuwait’s Kharafi Group to Invest US$150 Million in Indian Refinery
- Bharat Petroleum Plans South India Refinery Expansion
- Iraq May Self-Fund $20 Billion Refinery Fleet
- China Natural Gas Announces New Supply Agreement with CNPC
- HPCL Plans New Refinery near Mumbai
- News from Europe / Africa
- Gazprom and Shell Sign Energy Collaboration Pact
- Technip Wins Sonatrach Refinery Expansion Contract
- Neste Oil Combines Business Units, Bids Adieu to Deputy CEO
- Technip Wins Total Hydrocracker EPC Contract
- Siemens Touts Amino-Acid CO2 Post-Capture Scheme
- Uganda Energy Minister Amps Expectations for Hoima Refinery
News from Americas
The governing boards of BP and Canada’s Husky Energy have sanctioned what will be a US$2.5-billion upgrade to the two oil firms’ Toledo, Ohio, refinery.
Houston-based integrated midstream firm Enterprise Products Partners L.P. said it will add another 2 million barrels of underground storage capacity for motor gasoline and distillates at Mont Belvieu, Texas.
A coalition of about 20 environmental groups has launched a television ad campaign to stop the construction of a US$7-billion Canadian oil-sands pipeline and urging President Barack Obama to reject a permit for the project.
Petroleos Mexicanos (Pemex) is negotiating the purchase of “refining capacity in the U.S.,” according to a December 2 Bloomberg report.
Hundreds of environmental, public health, industry and government organizations are endorsing the reauthorization of the “Diesel Emissions Reduction Act,” which was passed November 30 by the U.S. Senate Environment and Public Works Committee (EPW). Ratification by the committee marks a “major step”, according to a release issued the same day by the Diesel Technology Forum (DTF).
Marathon Oil Corp. December 1 announced that its wholly owned subsidiary Marathon Petroleum Co. LP (MPC) has closed the transaction with ACON Investments, LLC and TPG Capital for the sale of most of Marathon's Minnesota downstream assets. ACON and TPG formed Northern Tier Energy LLC (Northern Tier Energy) to operate the assets as a stand-alone company, according to the announcement.
News from Middle East / Asia
Kuwait-based multinational Kharafi Group announced December 1 that it will invest US$150 million in a 100,000 barrel-per-day (b/d) refinery being built in West Bengal by India’s Cals Refineries Ltd.
India’s state-owned Bharat Petroleum Corp. Ltd. (BPCL) is looking to expand its southern India refinery at Kochi to help meet its target of 50 million tons per year (mtpy) refining capacity, according to a December 3 Dow Jones (DJ) report citing a company spokesman.
Bloomberg reported November 26 that Iraq will go it alone on funding the construction of four new grassroots refineries if other investors don't step in.
China Natural Gas, Inc., a provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use, said it has signed a natural gas supply agreement with a subsidiary of the China National Petroleum Corp. in Xi’an.
Hindustan Petroleum Corp. (HPCL), India’s third-largest state refiner, has plans to build a new refinery near Mumbai next year, according to Bloomberg.
News from Europe / Africa
Alexey Miller, chairman of the Gazprom Management Committee, and Peter Voser, CEO of Royal Dutch Shell plc, November 30 signed a protocol on strategic global cooperation, establishing basic guidelines for the companies’ broader collaboration.
Technip announced December 2 that it won a lump-sum turnkey contract worth US$908 million for a project to expand refining capacity from 2.7 million tons/year (today) to 3.6 million tons at Sonatrach’s Algiers refinery.
Neste Oil announced December 1 a reorganization of two major operating groups and the departure from the company of Jarmo Honamaa, deputy CEO and executive vice president.
French contractor Technip announced December 1 that it won an engineering, procurement and construction (EPC) contract to increase the capacity of Total’s hydrocracker at the Normandy refinery in Gonfreville, France.
Siemens on November 18 announced what the company claims is a “breakthrough with CO2 reduction technology” with an amino-acid salt chemistry.
According to a November 30 Reuters report, activities will ramp in 2011 toward a 2012 start of construction for the new Hoima refinery in Uganda.
Two U.S. companies – one for its progress on the Chevrolet Volt electric vehicle (EV) and another for providing the drilling technology to rescue 33 trapped miners in Chile – were honored December 2 for their energy and environmental achievements. A third award was presented to Fred Potter, executive vice president of Hart Energy Publishing, by the U.S. Environmental Protection Agency.
The 16th session of the UN-sponsored Conference of the Parties (COP 16) climate change summit concluded in dramatic fashion on December 11 with a deal participants said proved multi-lateral negotiations could indeed yield results. Still, few changes were made in areas that could have a direct impact on energy producers.
CANCUN, Mexico – The battle over the future of carbon capture and storage (CCS) technologies has become a centerpiece of the 16th session of the U.N.-sponsored Conference of the Parties (COP 16) climate change negotiations in Cancun.
Texas-based Tesoro Corp. announced December 13 its intention to form a Master Limited Partnership (MLP) with contributed logistics assets and then offer units in the MLP via an initial public offering. The MLP is intended to support Tesoro's strategy to grow its logistics business.
San Francisco-based Statue Cruises announced November 30 that it has signed an agreement with Derecktor Shipyards in Bridgeport, Conn., to complete the world’s first hybrid ferry using hydrogen fuel by April 2011. The 1,400-horsepower Hornblower Hybrid will run on a combination of energy generated by clean Tier 2 diesel engines, hydrogen fuel cells, solar panels and wind turbines.
Virgin chief Richard Branson declared at this month’s climate-change conference in Cancun, Mexico, that 100% of company profits are going into biofuels research.
Thomas O’Malley, chairman of Swiss refining company Petroplus, will retire his position effective May 5, 2011, according to a December 8 Petroplus statement. Patrick Monteiro de Barros, current vice chairman on the Petroplus board has been selected to succeed O’Malley as board chairman effective upon his retirement.
Shell Canada announced November 30 that it has submitted a regulatory application for its Quest carbon capture and storage (CCS) project located in central Alberta. Quest is a fully integrated CCS project, meaning it will capture, transport (pipeline) and store carbon dioxide (CO2). Hart spoke with Shell spokesman Adrienne Lamb who told us that CCS “is an integral part of the company’s overall greenhouse gas management portfolio.”
Albemarle Corp., a Baton Rouge-based petrochemical producer, and Brazilian multinational Petrobras announced December 6 that that they have signed a memo of understanding to build a “world-scale” diesel hydroprocessing catalyst (HPC) production plant on the site of their existing joint venture Fabrica Carioca de Catalisadores SA (FCC SA) in Santa Cruz, Brazil.
Philadelphia-based Sunoco, Inc. has reached a definitive agreement to sell its 170,000 barrel-per-day (b/d) refinery in Toledo, Ohio, to Toledo Refining Co. LLC, a wholly owned subsidiary of PBF Holding Co. LLC.
The government/industry “National Platform for Electromobility” working group on November 30 issued an interim report to the German government’s recommended standards for the mass introduction of electric vehicles (EVs) and recharge systems.
Airbus announced November 23 what it termed as “the first Jatropha-based biofuel flight in Latin America, using an Airbus A320” flown by Brazil’s TAM airlines.
Legislation introduced this month by the Alberta, Canada, government clarifies that the province would accept long-term liability for carbon dioxide stored underground from carbon capture and storage (CCS) schemes.
These charts show biweekly activity of the ICE Brent Futures and ICE Gas Oil Futures from December 1 to December 15.
Wood Mackenzie analysts announced December 8 that global oil demand in 2010 “is almost certain to exceed the previous all time high reached in 2007,” thanks to continuing demand growth in China and India and despite continuing declines in Organization for Economic Cooperation and Development (OECD) countries.
Hart’s International Fuel Quality Center (IFQC) has updated its ranking of the top 100 countries based on sulfur limits in on-road diesel – Sweden, Germany and Japan, remained first, second and third, respectively.
Chemical engineers at the University of Massachusetts-Amherst (UMass Amherst) reported in the November 26 edition of the scholarly journal Science that they have developed a relatively cheap way to produce high-volume chemical feedstocks including benzene, toluene, xylenes (BTX) and olefins from pyrolytic bio-oils.
Kelley Blue Book on November 30 reported the results of a recent Kelley Blue Book Market Intelligence study gauging U.S. consumer attitudes on electric vehicles, showing that only 7% of car shoppers say they are likely to consider an electric vehicle for their next new-vehicle purchase or lease.