August 05, 2011
Volume: 3
Issue: 149

Fuels & Processing

Mesa Pipeline System Expands West Texas Crude Takeaway

Producers in the reemerging West Texas oil patch will soon be able to access expanded crude oil takeaway capacity at the 80-mile Mesa pipeline system, which has raised capacity by about 100,000 barrels per day (b/d) to roughly 420,000 b/d, according to an August 4 announcement by one of the pipeline’s owners.

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Molycorp to Establish Integrated Rare Earths Supply Chain

Hart Energy has monitored the run-up in zeolytic catalysts using rare-earth elements (REEs) in fluid circulating catalytic units (FCCUs) in refineries around the world as a result of reduced exports and higher costs from Chinese mines and processors who represent more than 95% of the world’s production.

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Downstream Logistics: Kirby to Barge Eagle Ford Crude to Refiners. Utica Next?

Downstream Logistics: Kirby to Barge Eagle Ford Crude to Refiners. Utica Next?

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RUO Notes: Refining Unconventional Oil Spurs Valero Profits, Plans

Refining unconventional crude helped Valero Energy Corp. report second-quarter 2011 results that were 43% higher than the same quarter in 2010, and the company is hungry for more unconventional crude in the coming quarters if the downstream logistics expand accordingly.

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TNK-BP Taps Invensys Automation Control Technology

Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, announced July 28 that it has signed two contracts with TNK-BP, the third largest oil company in Russia and among the top 10 private oil companies in the world by production volumes.

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Track Software Launches Upgraded Cost-Management Software

Track Software, a leading platform for labor cost management, has launched its upgraded “Track 6.2” module, according to a July 28 company release.

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Feature

EU Biofuels Consumption Reached 13.9 Mtoe in 2010

EurObserv’ER released its latest Biofuels Barometer this week, which indicated that while biofuels consumption did grow in 2010, it was at a slower pace, growing by 1.7 million tons of energy equivalent (Mtoe) – compared with growth of 2.7 Mtoe in 2009.
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Key Market Prices

WTI Falls US$5.98/bbl Following Stock Market Sell-Off

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Electric Power

Austin Energy to Install 103 Public EV-Recharge Stations

Austin Energy will install 103 plug-in charging stations to form its Plug-In EVerywhere network for electric vehicles, the Texas-based company announced August 3.

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Transportation & Logistics

MAN Debuts Euro-5 Diesel Engine for School Buses in Brazil

With tougher Euro-5 fuels and emissions standards taking effect January 1, 2012, in Brazil, MAN this month will debut a four-cylinder, Euro-5 diesel engine for the “Volksbus” school bus.

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Margins & Economics

Crude Futures Dive US$5.30/bbl on Stock Market Sell-Off

NYMEX light, sweet crude for September delivery extended recent losses to five consecutive sessions – settling at US$86.63 per barrel (/bbl), down $5.30 – tracking a massive sell-off in the stock market and a firm dollar.

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Iran Intercepts India Crude Oil Payments via Turkey

A threatened suspension of oil exports from Iran to India is called off as payments for India’s purchases of crude oil imported from Iran begin flowing through Turkish banks, according to several recent media reports.

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Gushan Acquires Controlling Interest in Xiangbei Copper Co.

Chinese biodiesel producer Gushan Environmental Energy Ltd. on July 28 announced that it has entered into definitive agreements to acquire a controlling interest in Hunan Yin Lian Xiangbei Copper Co. Ltd., a China-based company that is currently engaged in the recycled copper business.

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Public Policy

U.S. DOE Launches New, ‘Modernized’ Website

The U.S. Department of Energy (DOE) has modernized its website, www.energy.gov, which it says will provide consumers and businesses with access to information and resources that can save money and energy while improving the agency’s ability to interact with the public and each other.

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Environmental Justice: Latest Push by Obama’s EPA

Expanding the reach of a Clinton-era directive to consider the social concept of environment justice in several federal agency activities, the Obama administration announced August 4 an increased effort aimed at developing environmental-justice strategies and providing the public with annual progress reports.

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