January 25, 2011
Volume: 3
Issue: 16

Fuels & Processing

Louisiana’s Chalmette Refinery Reports Spill Reached Mississippi River

The Mississippi River has a sheen of oil floating on the river which has been traced to the Chalmette Refinery in Louisiana, according to a January 23 Reuters report.

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Repsol Refinery Efficiency Project Aimed at Reducing 212,000 Tons of GHG

Under a United Nation’s greenhouse gas (GHG) limitation program, Spain’s oil company, Repsol YPF SA, plans to construct a refinery-based GHG control project – the first of its kind in the world, according to a January 24 report by Bloomberg.

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Imperial Oil Expands CB&I's Work at Kearl Oil Sands Project

CB&I announced January 21 that Imperial Oil has released an additional US$90 million to CB&I for work on the Kearl oil sands project in Alberta, Canada. CB&I's scope of work includes the engineering, procurement and construction of a bitumen extraction unit and multiple storage tanks.

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KPI Commissions New Rotterdam Refinery Units

Kuwait Petroleum International (KPI) officials on January 20 commissioned three units at the 88,000 barrels/day Kuwait Petroleum Europoort (KPE) refinery at Rotterdam, Netherlands, according to a January 21 report by Kuwait News Agency (KUNA).

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China Lining Up Investments, Access to Canada’s Oil Sands

Sinopec is one of several investors helping to fund the initial stages of Enbridge Corp.’s proposed pipeline from the Canadian oil sands producing region to Canada’s west coast, according to a January 21 Bloomberg report.

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SwRI Inks Fuels-Engine Research Alliance with India’s CSIR

Texas-based Southwest Research Institute (SwRI) announced January 20 that it signed a three-year “strategic alliance agreement” with India’s Council of Scientific and Industrial Research (CSIR) to cooperate on “novel technologies in fuels research and engine development projects.”

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Feature

GM Aiming to Double ‘Volt’ PHEV Battery Capacity: Argonne

While General Motors (GM) has now launched its Chevrolet “Volt” plug-in hybrid electric vehicle (PHEV) in the U.S. this month, the automaker still hopes to see dramatic improvements in future versions of batteries for electric cars.
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Transportation & Logistics

China Government Business Newspaper Touts Diesel Passenger Cars

China’s fast-growing passenger car sector is overwhelmingly gasoline-powered, but the heavy-duty sector is overwhelmingly diesel.

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Mazda Unveils EV Launch Plan for 2012

Mazda announced January 24 that it plans to launch its own electric vehicle (EV) starting spring 2012 in Japan.

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Margins & Economics

API on Gasoline Price Rises: Blame Crude Oil Prices

American Petroleum Institute (API) senior economic advisor Rayola Dougher on January 21 blamed world crude-oil price increases for a recent trend of rising U.S. gasoline prices.

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Essar Working US$350-Million Deal for Shell’s Stanlow Refinery

Essar Oil is reportedly finalizing a US$350-million purchase of the 233,000 barrel-per-day Stanlow refinery in the U.K. from current owner, Royal Dutch Shell, according to a January 22 report from Economic Times (India).

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Reliance Industries Refining Margins, Exports up Strongly

India’s Reliance Industries Limited (RIL) reported January 21 a 29% jump in net profits – to US$3.3 billion – for its fiscal third quarter 2011ending Dec. 31.

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Austrian Tribunal Upholds Market Manipulation Fine

The head of Austrian oil and gas group OMV manipulated the market ahead of the company’s 2009 sale of shares in Hungary’s MOL Group, an appeals tribunal said January 21.

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ZEEP Buying Eastman’s Texas Pet-Coke Gasification Project

Zero Emission Energy Plants Ltd. (ZEEP) announced on January 21 that it has entered into a definitive agreement with Eastman Chemical Company Investments, Inc., to purchase all of the membership interests of TX Energy, LLC (TXE) and its pet-coke gasification project.

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Negative Brent-WTI Spread Widens to US$8.50/bbl

NYMEX light sweet crude for March delivery settled at US$87.87 per barrel (/bbl), down $1.24 on January 24, as the dollar strengthened against most major currencies.

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