- Key Market Prices
- WTI Posts Modest Gains
- Public Policy
- U.S. EPA Proposes to Exempt CCS from ‘Hazardous Waste’ Rules
- Dutch Politician Becomes New IEA Executive Director
- Margins & Economics
- Valero to Acquire, Integrate Murphy Oil’s Meraux, La. Refinery
- NYMEX WTI Ends Modestly Higher
- Fuels & Processing
- Foster Wheeler to Design Hydrogen-Production Unit in Kazakhstan
- Global Heavy Crude Output to Hit 12.3 Million b/d by 2020 - Report
- Two Libyan Refineries Preparing to Restart Operations
- Technip Wins Qatar’s Laffan Refinery Expansion FEED
- Pemex to Execute Clean-Fuels Projects Totaling US$1.2 Billion
- Electric Power
- Mexican Power Project Selects Gas Turbines for CCPP
- First Solar, Verve, GE Collaborate on Australia’s First Utility-Scale Solar Project
- Transportation & Logistics
- Integrys Energy Group Acquires Two CNG Refuelers
- Volvo, Siemens Ink EV-Technology Deal
Fuels & Processing
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Foster Wheeler to Design Hydrogen-Production Unit in Kazakhstan
The Global Engineering and Construction Group of Swiss-based Foster Wheeler has won a contract for the basic engineering design of a new hydrogen production unit at a Kazakhstan refinery, according to a September 1 company announcement.
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Global Heavy Crude Output to Hit 12.3 Million b/d by 2020 - Report
Global heavy crude oil production, led by new output from Canada, Venezuela and the Middle East, will increase to 12.3 million barrels per day (b/d) by 2020, according to short-term and medium-term forecasts in Hart Energy’s research report titled, Heavy Crude Oil: A Global Analysis and Outlook to 2035.
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Two Libyan Refineries Preparing to Restart Operations
Two refineries in war-torn Libya are preparing to restart operations, according to at least two media reports.
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Technip Wins Qatar’s Laffan Refinery Expansion FEED
Qatargas-operated Laffan Refinery Co. Ltd. has awarded a front-end engineering design (FEED) contract to France’s Technip S.A. for the second phase of the refinery’s expansion project, according to a recent Laffan announcement.
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Pemex to Execute Clean-Fuels Projects Totaling US$1.2 Billion
According to an August 22 report by Platts citing an email by spokesperson at Petróleos Mexicanos (Pemex), the Mexican state-owned company is executing a US$1.196-billion clean-fuels initiative that will see low-sulfur fuel production ramp at the 270,000 barrel-per-day (b/d) Cadereyta refinery outside Monterrey and at the 152,000-b/d Madero refinery in Tamaulipas.
Feature
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Keystone XL Clears Environmental Hurdle; Awaits ‘National Interest’ Decision
Now that the U.S. State Department has issued a favorable Final Environmental Impact Statement (FEIS) for the Keystone XL pipeline project – which would deliver more than 700,000 barrels per day (b/d) of heavy Canadian oil to U.S. refiners – the focus moves to whether federal regulators will determine whether the project is in the best interest of the nation.
Key Market Prices
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WTI Posts Modest Gains
Electric Power
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Mexican Power Project Selects Gas Turbines for CCPP
Mexico’s Norte II combined-cycle power plant, an independent power project (IPP) located in the State of Chihuahua, has selected GE to supply two “Frame 7FA” gas turbines and long-term services, according to an August 30 GE press statement.
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First Solar, Verve, GE Collaborate on Australia’s First Utility-Scale Solar Project
U.S.-based First Solar announced August 30 that it’s teaming up with GE and Western Australia-based power producer Verve Energy on Australia’s first utility-scale, solar-power project, slated for start-up in mid-2012.
Transportation & Logistics
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Integrys Energy Group Acquires Two CNG Refuelers
To enter the compressed natural gas (CNG) fueling business, Integrys Energy Group, Inc. has acquired Pinnacle CNG Systems and Trillium USA – formerly owned by Wagner & Brown, Ltd., according to a September 1 Integrys announcement.
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Volvo, Siemens Ink EV-Technology Deal
Volvo Car announced August 31 that it has signed a deal with Siemens to “advance the technical development of electric cars through extensive strategic cooperation.”
Margins & Economics
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Valero to Acquire, Integrate Murphy Oil’s Meraux, La. Refinery
Valero Energy Corp. (NYSE:VLO - News) has agreed to acquire Murphy Oil USA, Inc.’s Meraux, La. refinery and related logistics assets for US$325 million plus current inventories estimated at roughly $300 million, according to a September 1 announcement.
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NYMEX WTI Ends Modestly Higher
NYMEX light, sweet crude for October delivery finished at US$88.93/per barrel (/bbl), up 12¢ on September 1, finding some strength in Chinese and U.S. manufacturing data.
Public Policy
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U.S. EPA Proposes to Exempt CCS from ‘Hazardous Waste’ Rules
The U.S. Environmental Protection Agency (EPA) on August 4 proposed a rule that would “advance the use of carbon capture and sequestration (CCS) technologies.”
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Dutch Politician Becomes New IEA Executive Director
Dutch politician Maria van der Hoeven, former Minister of Economic Affairs in the Netherlands, has become new executive director of the International Energy Agency (IEA), according to a September 1 announcement.
