- Key Market Prices
- Key Market Prices
- Public Policy
- U.S. President Touts ‘Clean’ Energy; Trade Groups Respond
- Wyoming CCS Project Moves to Environmental Assessment Stage
- Margins & Economics
- Murphy: Downstream Lost US$4.1 Million in Q4
- PetroChina Tops List of 50 Largest Energy Companies
- Crude Futures Continue Downward Trend
Fuels & Processing
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Canadian Natural, North West Upgrading Unveil ‘Low Carbon’ Oil-Sands Refinery Scheme
Calgary, Alberta-based Canadian Natural Resources (CNR) officials on Jan. 28 announced a deal to acquire a 50% asset stake in fellow Calgary-based North West Upgrading (NWU), developer of a gasification-based scheme to convert oil sands to ultra-low sulfur diesel (ULSD), naphtha and bitumen diluent.
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LyondellBasell Raises Prices
Effective February 1, LyondellBasell Industries will increase prices in Europe by €120 per ton (US$168) on all of its polypropylene grades and €100 per ton (US$140) on all of its polyethylene grades.
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Total, ERG Ink Italian Downstream Joint-Venture Deal
France-based Total officials announced Jan. 28 that they’ve inked a deal forming a joint-venture refining and marketing business with Italy-based ERG Petroli.
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New R&D Facility for Stored Energy
Officials of Exide Technologies, a stored electrical-energy solutions company, Jan. 27 announced the opening of its new 20,000 square-feet Global Technology Center in Milton, Ga.
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Ciris Wins More Financing for Coal-to-Methane Bio-Scheme
Colorado-based Ciris Energy officials announced Jan. 27 that they’ve closed another round of financing to support development of a proposed coal-to-methane scheme involving biotechnology rather than gasification or shale-gas production.
Feature
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U.S. EIA: Fuel Ethanol Margins May Improve in 2010
According to the U.S. Energy Information Administration’s This Week in Petroleum report released Jan. 21, ethanol producers’ margins continued to fluctuate in 2009, but they may fare better this year as demand for ethanol blends grows.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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GridPoint Launches PHEV Trials with BGE, Calif. DGS
Virginia-based GridPoint officials announced Jan. 27 that they’re launching fleet trials with Baltimore Gas & Electric (BGE) and California Department of General Services for “smart recharging” schemes involving plug-in hybrid electric vehicles (PHEVs).
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U.S. DOE: US$1.4B Loan to Nissan for Electric Cars
U.S. Secretary of Energy Steven Chu announced Jan. 28 that the Department of Energy (DOE) has finalized its US$1.4 billion loan agreement with Nissan North America, Inc. to retool their Smyrna, Tennessee, factory to build advanced electric automobiles and an advanced battery manufacturing facility.
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Volvo Launches ‘GTDi’ Direct-Injection Gasoline Engine
Volvo officials announced Jan. 28 the launch of a four-cylinder, two-liter “GTDi” (Gasoline Turbocharged Direct Injection) engine in the Volvo S80, V70 and XC60, boosting fuel economy and cutting carbon dioxide (CO2) emissions.
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Renault Electric-Car Partner Raises US$350 Million for Batteries
Renault Electric-Car Partner Raises US$350 Million for Batteries
Margins & Economics
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Murphy: Downstream Lost US$4.1 Million in Q4
Murphy Oil Corporation officials announced Jan. 28 that refining and marketing operations incurred a loss of $4.1 million in the fourth quarter of 2009 compared to income of $140.5 million in the 2008 quarter.
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PetroChina Tops List of 50 Largest Energy Companies
The combined value of the 50 largest publicly traded energy companies increased 35% in 2009 to $3.9 trillion, according to energy consultants PFC Energy. That value remains 26% below its $5.2 trillion high at the end of 2007. The 35% gain compares with increases of 71% in oil prices and 20% in the S&P 500 over the same period.
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Crude Futures Continue Downward Trend
Crude futures prices remained flat Jan. 28. The price of West Texas Intermediate (WTI) crude for March delivery settled at US$73.64 per barrel (bbl), down 3¢, while Brent crude for March delivery slipped 13¢, to close at $72.13/bbl.
Public Policy
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U.S. President Touts ‘Clean’ Energy; Trade Groups Respond
In his first State of the Union address Jan. 27, U.S. President Barack Obama endorse renewable power, nuclear power, advanced biofuels and clean-coal technologies.
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Wyoming CCS Project Moves to Environmental Assessment Stage
U.S. Bureau of Land Management (BLM) officials announced Jan. 25 that they’re now seeking public input into a draft environmental assessment for the “Rands Butte” carbon dioxide (CO2) storage/enhanced methane and helium recovery project in Wyoming.
