- Key Market Prices
- Key Market Prices
- Public Policy
- U.S. EPA Issues Latest Data on Toxic Chemical Releases
- UNCCC 2009 Special Coverage: News from Copenhagen: Addressing Climate Change with CCS Technologies
- UNCCC 2009 Special Coverage: News from Copenhagen
- Duke Energy, U.S. President Obama In-Sync on ‘Greenhouse’ Legislation
- India Proposes US$4.3 Billion Compensation to State Refiners
- Margins & Economics
- Lukoil Shifting More Investment Toward Refining
- Surplus Oil Worries Cause Futures to Decline
- Chevron Budgets US$3.4 Billion for Global Downstream
- Fuels & Processing
- Foster Wheeler, PetroAlgae in Algae-Refinery Hookup
- ConocoPhillips Plans to Process Partially Refined Oil at Santa Maria Refinery
- U.S. CSB Issues Urgent Recommendations to CITGO
- Eastman Kills Beaumont, Texas, Industrial Gasification Project
- Transportation & Logistics
- Recession-Slammed Truckers Win CARB Diesel ‘Flexibility’
- Mahindra, Navistar Team-up on Diesel Engines
Fuels & Processing
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Foster Wheeler, PetroAlgae in Algae-Refinery Hookup
Florida-based PetroAlgae officials announced Dec. 10 that they’ve signed a memo of understanding with global oil refinery engineering firm Foster Wheeler “to develop commercial solutions that will allow existing oil refineries to convert micro-crop biomass into fuels that are functionally compatible with petroleum-based fuels in the current market.”
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ConocoPhillips Plans to Process Partially Refined Oil at Santa Maria Refinery
ConocoPhillips plans to increase processing capacity of its Santa Maria, Calif., refinery by 5,500 barrels per day without additional capital investment. The facility processes local crude into intermediate products, but it also planning to process partially refined oil from other refineries.
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U.S. CSB Issues Urgent Recommendations to CITGO
The U.S. Chemical Safety Board (CSB) Dec. 9 issued urgent safety recommendations calling on CITGO Petroleum Corporation to immediately improve its emergency water mitigation system in the event of another release of potentially deadly hydrogen fluoride (HF) vapor, as occurred following an explosion and fire July 19, 2009, at CITGO’s Corpus Christi, Texas, refinery.
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Eastman Kills Beaumont, Texas, Industrial Gasification Project
Eastman Chemical officials announced Dec. 9 that they’ve decided to discontinue their Beaumont, Texas, industrial gasification project.
Feature
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House Extends Biodiesel Tax Credit
A one-year extension to the US$1 per gallon tax credit for biodiesel was approved by the U.S. House of Representatives Dec. 9.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Recession-Slammed Truckers Win CARB Diesel ‘Flexibility’
California Air Resources Board (CARB) board members voted Dec. 9 to direct CARB staff to come up with a revised diesel truck and bus emissions clean-up rule early next year, accounting for the severe economic down-turn facing the goods-transport industry.
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Mahindra, Navistar Team-up on Diesel Engines
Mahindra & Mahindra officials joined Navistar last week in unveiling the “MaxxForce” 7.2-liter diesel engine being produced in India for a domestic market introduction in early 2010.
Margins & Economics
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Lukoil Shifting More Investment Toward Refining
Although Lukoil has reduced oil production costs relative to the previous year, plans are to shift more investments towards refining. Overall, efficiency improvements throughout the company’s value chain are being targeted.
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Surplus Oil Worries Cause Futures to Decline
Crude oil future prices continued their decline Dec. 10.
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Chevron Budgets US$3.4 Billion for Global Downstream
Chevron Corp. announced Dec. 10 a US$21.6 billion capital and exploratory spending program for 2010, a 5% decrease from projected 2009 expenditures.
Public Policy
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U.S. EPA Issues Latest Data on Toxic Chemical Releases
The U.S. Environmental Protection Agency (EPA) released Dec. 8 the 2008 Toxics Release Inventory.
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UNCCC 2009 Special Coverage: News from Copenhagen: Addressing Climate Change with CCS Technologies
Global Refining & Fuels Today is reporting the latest news from the United Nations Climate Conference in Copenhagen. Coverage also includes live reporting from the event by our correspondents.
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UNCCC 2009 Special Coverage: News from Copenhagen
Global Refining & Fuels Today is reporting the latest news from the United Nations Climate Change Conference in Copenhagen. Coverage also includes live reporting from the event by our correspondents.
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Duke Energy, U.S. President Obama In-Sync on ‘Greenhouse’ Legislation
Duke Energy chief executive Jim Rogers announced Dec. 9 that following a meeting with U.S. President Barack Obama in the White House that he’s more convinced than ever that greenhouse gas (GHG) legislation passage is critical to ensure energy companies make wise future investments.
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India Proposes US$4.3 Billion Compensation to State Refiners
According to a report last week from Top News (India), India’s oil ministry is seeking special Oil Bonds worth Rs 20,871 crore (US$4.3 billion) from the finance ministry in order to make up for the losses suffered by state-run refiner-retailers on price-controlled fuel sales in the three quarters of fiscal 2010.
