- Key Market Prices
- WTI Falls US$2.17 as Dollar Gains
- Public Policy
- Analysis Offers Path to Job Growth, More Government Revenue - API
- Beijing Confirms Euro-5 Standards for 2012
- Margins & Economics
- BP Shares Hit 6-Month High After Shell Bid Report
- U.S. Crude Inventories Seen Down on Lower Imports
- Octane Reports for Weeks Ended December 24 and December 31
- U.S. Crude Futures End 2.4% Lower on Day
- IPO Registered for Tesoro Logistics MLP
- Ener1 Completes US$25-Million Capital Raise
- AES Secures US$17-Million DOE Loan for New York Energy Storage System
- Fuels & Processing
- Jacobs Wins Turnaround Contract from North Atlantic Refining
- Eurecat Launches Refinery Catalyst Re-Processing Plant in India
- KBR Completes Buyout of JGC’s Interest in M.W. Kellogg
- Japan to Tap Refiners for High-Purity Hydrogen Scheme for Fuel Cell Cars
- Qantas, Solena in Bio-Jet-Fuel Venture: Report
- Transportation & Logistics
- Madrid Gives CNG, LPG Vehicles a Parking Discount
Fuels & Processing
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Jacobs Wins Turnaround Contract from North Atlantic Refining
U.S.-based Jacobs Engineering announced January 4 that it won a three-year contract for turnaround and “small capital work” services at the North Atlantic Refining facility in Newfoundland, Canada.
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Eurecat Launches Refinery Catalyst Re-Processing Plant in India
France-based Eurecat SA announced January 4 that it’s launching construction of a new catalyst processing plant in Gujarat, India, with commissioning targeted for second-quarter 2012.
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KBR Completes Buyout of JGC’s Interest in M.W. Kellogg
Houston-based KBR announced January 3 that it completed the acquisition of JGC’s 44.94% share interest in M.W. Kellogg Ltd. (MKWL).
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Japan to Tap Refiners for High-Purity Hydrogen Scheme for Fuel Cell Cars
Japan’s Ministry of Economy, Trade and Industry (METI) announced December 31 a new public-private research initiative aiming to boost high-purity hydrogen production for future fleets of fuel-cell-powered cars.
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Qantas, Solena in Bio-Jet-Fuel Venture: Report
Australia-based Qantas Airways and U.S.-based plasma gasification specialist Solena this month will announce a new scheme to produce bio-jet-fuel from wastes, according to a January 2 report by The Guardian (U.K.).
Feature
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Portuguese Prime Minister Becomes First Head of State to Drive EV
Portuguese electric mobility consortium MOBI.E. recently took delivery of nine, all-electric Nissan Leaf vehicles. A tenth set of keys was delivered to Portuguese Prime Minister Jose Socrates for his country’s pioneering work in electric mobility.
Key Market Prices
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WTI Falls US$2.17 as Dollar Gains
Transportation & Logistics
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Madrid Gives CNG, LPG Vehicles a Parking Discount
Commercial and industrial vehicles operating on compressed natural gas (CNG) – as well as hybrid and liquefied petroleum gas (LPG)-powered units up to 5,000 kilograms will pay €272 (US$364) for an “orange card” parking voucher in the Spanish capital of Madrid.
Margins & Economics
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BP Shares Hit 6-Month High After Shell Bid Report
BP Plc jumped the most in six months on January 4 after a report that Royal Dutch Shell Plc considered a takeover bid during the Deepwater Horizon oil spill and economic damages could be lower than originally forecast.
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U.S. Crude Inventories Seen Down on Lower Imports
Preliminary forecasts predicted a fifth straight decline in U.S. crude inventories and an increase in gasoline and distillate stockpiles in the week ended December 31.
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Octane Reports for Weeks Ended December 24 and December 31
Octane Reports for weeks ended December 24 and December 31
were mostly mixed.
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U.S. Crude Futures End 2.4% Lower on Day
NYMEX light sweet crude for February delivery settled at US$89.38 per barrel (/bbl), down $2.17 on January 4, as the dollar strengthened against most major currencies.
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IPO Registered for Tesoro Logistics MLP
Tesoro Logistics L.P., a wholly owned subsidiary of Tesoro Corp., announced January 4 that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission in connection with a proposed initial public offering (IPO) of its common units representing limited partner interests.
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Ener1 Completes US$25-Million Capital Raise
U.S. lithium-ion battery maker Ener1, Inc. announced January 3 the sale of US$25 million of senior unsecured notes, as well as shares of common stock and warrants, to several institutional investors.
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AES Secures US$17-Million DOE Loan for New York Energy Storage System
Virginia-based electrical power distributor AES Corp. has secured a $17.1-million loan for the construction of a 20-megaWatt (MW) energy storage system using advanced lithium-ion batteries at its Westover Generation Plant near Johnson City, N.Y.
Public Policy
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Analysis Offers Path to Job Growth, More Government Revenue - API
Greater access to domestic oil and natural gas – rather than increased taxes on the U.S. oil and natural gas industry – is the best strategy for adding government revenue, jobs and energy production, a new study released by Wood Mackenzie concludes.
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Beijing Confirms Euro-5 Standards for 2012
Beijing city officials announced December 30 that the city will adopt “State-V” vehicle emissions standards in 2012, equivalent to Euro-5 vehicle standards that require 10 parts per million (ppm) sulfur limits on diesel and gasoline.
