- Key Market Prices
- Key Market Prices
- Margins & Economics
- Crude Futures Experience Sharp Decline
- Enterprise Products Partners: Organic Growth Over Acquisitions
- Royal Dutch Shell Q4 Earnings: Downstream Loss of US$1.8 Billion
Fuels & Processing
-
Delek to Buy BP-France Retail Fuels Business
Israel-based Delek officials announced Feb. 4 that they’ve made a binding offer through their Delek Europe subsidiary to buy BP’s retail fuel network in France for €180 million (US$247 million).
-
Tesoro CEO: Expect More U.S. Refinery Closures in 2010
In a webcast presentation Feb. 3 at the Credit Suisse Energy Conference in Vail, Colorado, Chairman and Chief Executive of Tesoro, Bruce Smith, said he expected that more U.S. refineries will close in 2010 and may include plants operated by major oil companies.
-
Linc Chinchilla UCG Advances; Seen Boosting CTL Prospects
Australia-based Linc Energy officials announced Feb. 4 that “generator 4” of the company’s Chinchilla underground coal gasification (UCG) project “is now complete and the generator is now operational and producing synthesis gas.”
-
Canadian Study Confirms Low-Temperature Problems with FAME Blends
A study funded by Natural Resources Canada and Canadian Petroleum Products Institute confirmed that saturated mono-glycerides in biodiesel blends will plug fuel filters at low temperatures typical of Canadian winters.
-
Milwaukee Gasification-WTE Project Unveiled
Milwaukee-based Alliance Federated Energy (AFE) officials announced Feb. 3 a proposed US$225 million, gasification-based waste-to-energy (WTE) project that would employ Westinghouse Plasma Corp.’s (WPC) plasma gasification technology.
Feature
-
-
EDTA’s Wynne: Creation of Best Practices is Key to EV Adoption Rate
Global Refining & Fuels Today spoke with EDTA president Brian Wynne about the future of electric vehicles. While the cost incentives are in place for utilities and consumers, it is important that everyone involved in the segment utilize best practices to increase the adoption rate both among consumers and fleet operators.
Key Market Prices
-
Key Market Prices
Transportation & Logistics
-
U.S. Diesel Car Leasing Boom Seen
U.S.-based Automobile Consumer Services, Inc. (ACS), an Internet direct-to-consumer auto leasing and financing company, found in a new study that the Volkswagen Golf TDI and the Volkswagen Jetta TDI lead the list of the top 10 U.S. diesel vehicles to lease.
-
Western Gas Partners Acquires Granger Assets from Anadarko
Western Gas Partners completed its third dropdown acquisition from its parent, Anadarko Petroleum Corp. The US$254.4 million acquisition includes the Granger gathering system and the Granger plants, all of which are located in southwest Wyoming.
-
TransCanada, ExxonMobil Receive FERC Approval for Alaska Pipeline Open Season
The Alaska Pipeline Project has filed its plan with FERC to obtain approval to conduct the first natural gas pipeline open season to develop Alaska's gas resources.
-
Auto Fuels Expert Joe Colucci Wins SAE International Medal of Honor
Former General Motors fuels and lubes director Joe Colucci just won the SAE International Medal of Honor, the automotive engineering industry’s highest award.
Margins & Economics
-
Crude Futures Experience Sharp Decline
Crude futures posted their largest one-day decline since July on Feb.4. The price of West Texas Intermediate (WTI) crude for March delivery fell US$3.84 to settle at 73.14 per barrel (bbl), and Brent crude for March delivery fell $3.79 to close at $72.13/bbl.
-
Enterprise Products Partners: Organic Growth Over Acquisitions
Enterprise Products Partners’ Q4 2009 results were highlighted by a 42% increase in revenue to US$8.4 billion and a 78% increase in net income to $406 million due to record natural gas liquid, crude and petrochemical volumes that it transported, as well as record equity NGL production and fractionation volumes and increased volumes of natural gas it transported.
-
Royal Dutch Shell Q4 Earnings: Downstream Loss of US$1.8 Billion
Royal Dutch Shell Feb. 4 reported fourth quarter downstream results were a loss of $1.8 billion compared to earnings of $561 million in the fourth quarter 2008 due to substantially lower refining margins, lower refinery plant intake volumes and reduced sales volumes of oil products.
Public Policy
-
Interest Groups Respond to RFS-2 Rule
One day after the announcement from the U.S. Environmental Protection Agency (EPA) announcing its final “renewable fuel standard-2” (RFS-2) rule, various interest groups have responded to how it will affect their members and interests.
-
Biomass, CCS on U. S. Energy Agenda
U.S. President Barack Obama Feb. 3 announced a package of energy announcements that address biomass, biofuel production and carbon capture and storage.
