January 20, 2010
Volume: 2
Issue: 12

Fuels & Processing

Kinder Morgan Acquires Renewable Fuel Terminals for US$195 Million

Officials with Kinder Morgan Energy Partners (KMP) announced Jan. 19 a terminal venture designed specifically to handle renewable fuels.

Full Story >>

Valero Seeks 'Alternatives' for New Jersey Refinery

Valero Energy Corp. is exploring "strategic alternatives" for its Paulsboro, New Jersey, refinery, but the company will not confirm a Bloomberg report that it hired investment bank UBS AG to find a buyer, according to The Philadelphia Inquirer.

Full Story >>

SATORP’s Jubail Refinery includes 17 Compressor Trains

Compressor trains awarded to Elliott Company for SATORP’s Jubail refinery in Saudi Arabia will serve a variety of applications. Compressor loads will include sour service, hydrogen service and refrigeration.

Full Story >>

New Senior Leadership at Infineum International

Infineum International Ltd. has made a number of changes to its senior leadership team that will become effective Feb.1.

Full Story >>

Italy to Build Oil Refinery in Uganda

Italy is set to build an oil refinery in Uganda, according to the Web site, New Vision (Uganda).

Full Story >>

Refinery Staff Reductions May Affect Turnaround Schedules

Downstream staff reductions have been recently announced by several refining organizations. However, there is speculation as to how these reduced staffing levels will affect plant turnarounds.

Full Story >>

Petrobras Configuring New Mega Refinery for Export Market

The 300,000-b/d Petrobras refinery to be completed in 2013 will be expanded to 600,000 b/d by 2015. With financial help from the Japanese government and Marubeni Corp., the US$20 billion project is purposed for export of refined product to Japan.

Full Story >>

HyMelt Developer Wins US$3.9 Million Grant for Coal Gasification Research

In the defense spending bill signed by U.S. President Barack Obama last month, US$3.9 million is earmarked for research on a HyMelt coal gasification technology being pursued by American Freedom Fuels.

Full Story >>

Spectrometer Detects Biodiesel in Diesel

Wilks Enterprise’s Infraspec VFA-IR spectrometer is now capable of measuring biodiesel in diesel fuel down to 0.05%, company representatives announced.

Full Story >>

Feature

Ernst & Young Report: Better Outlook in 2010 for Oil and Gas Sectors

While the last 12 months have been a challenge for companies in the oil and gas sector, there have been substantial opportunities for those with strong balance sheets, according to the Ernst & Young Global Oil and Gas Transactions Review, released Jan. 18.
Full Story >>

Key Market Prices

Key Market Prices

Full Story >>

Margins & Economics

Crude Oil Futures Reverse Downward Trend

The crude oil markets Jan. 19 ended five days of losses. The price of West Texas Intermediate (WTI) crude for February delivery settled at US$79.02 per barrel (bbl), up $1.02 from Jan. 15. Brent crude for February delivery also went up, gaining 68¢ from the close of Jan.15, to settle at $77.78/bbl.

Full Story >>

Dresser-Rand Acquires Leading Edge Turbine Technologies

Officials of Dresser-Rand Group Inc. announced Jan. 18 that the company acquired the assets of Leading Edge Turbine Technologies Inc. and its related company for US$35 million.

Full Story >>

Public Policy

Anarchists Attack Carbon Trading Summit

Anarchists and other anti-carbon-trading activists last week organized a protest at the Carbon Trading Summit in New York City.

Full Story >>

Contractors File ‘Emergency’ Petition to Block CARB Non-Road Diesel Retrofits

Associated General Contractors of America officials announced Jan. 11 that they’ve filed an “emergency” petition with California Air Resources Board to block the agency’s non-road diesel emissions retrofit mandates.

Full Story >>

Covanta: Waste-to-Diesel Might Aid U.S. EPA Biofuel Goals

U.S.-based Covanta Energy officials are hoping to convince the U.S. Environmental Protection Agency (EPA) of the low-carbon virtues of producing diesel fuel from organic and other wastes, as part of EPA’s upcoming Renewable Fuel Standard-2 rule.

Full Story >>