- Key Market Prices
- Crude Futures Settle Mixed
- Fuels & Processing
- Petroplus Woes Deepen as All Credit Lines Frozen
- Clean Energy Fuels Touts 68 New Natgas-Vehicle Refueling Sites in 2011
- UOP Launches New Natural Gas and Hydrogen Business Unit
- Carbon Sciences Unveils ‘CarbonCrude’
- World Health Energy Signs LOI for Algae Farm in India
Fuels & Processing
-
Petroplus Woes Deepen as All Credit Lines Frozen
The plight of Petroplus Holdings AG, Europe’s largest independent oil refiner, worsened on January 4 as lenders extended the freeze on its borrowing to all credit lines. That was on top of the US$1 billion in revolving credit choked off a week earlier.
-
Clean Energy Fuels Touts 68 New Natgas-Vehicle Refueling Sites in 2011
California-based Clean Energy Fuels – among whose board members is Texas natural gas seller T. Boone Pickens – on January 6 reported that its North American network of compressed natural gas (CNG) or liquefied natural gas (LNG) retail stations grew by 68 units in 2011, including five LNG truck-refueling stations.
-
UOP Launches New Natural Gas and Hydrogen Business Unit
Illinois-based UOP LLC has established a new business unit dedicated to natural gas processing solutions and hydrogen.
-
Carbon Sciences Unveils ‘CarbonCrude’
California-based Carbon Sciences, Inc., a developer of a breakthrough technology to make liquid transportation fuels from natural gas and carbon dioxide, announced January 4 that its breakthrough technology could also be used to make “CarbonCrude,” the firm’s version of an ultra-clean, environmentally friendly synthetic crude oil.
-
World Health Energy Signs LOI for Algae Farm in India
World Health Energy Holdings, Inc. announced December 21 the signing of a letter of intent (LOI) with Prime Inc., an Indian industrial and transportation company, to develop an algae production facility ramping up to 250 acres with a budget of up to US$100 million.
Feature
-
-
U.S. Could Emerge as Japan’s Energy White Knight
The massive increase in U.S. shale-gas production and reserves in recent years has turned the U.S. gas market on its head, prompting traditional liquefied natural gas (LNG) importers to launch plans to export domestic gas overseas.
Key Market Prices
-
Crude Futures Settle Mixed
Transportation & Logistics
-
Price Tags Discourage Many Potential EV Buyers - Pike Survey
The continuing relatively high price of electric vehicles (EVs) is dampening consumer buying interest, according to a new survey by U.S.-based Pike Research.
-
Volvo Unveils Gasoline PHEV for N. American Market; 2014 Debut Seen
At the annual Detroit auto show this month, Volvo Cars will unveil its “XC60” plug-in hybrid electric vehicle (PHEV) featuring a gasoline engine for North American market, in contrast to the diesel PHEV that Volvo is launching in Europe this year.
-
UQM/EVI Team Up on 100 More EVs for UPS
Colorado-based UQM Technologies announced January 3 that it won an order for another 100 “PowerPhase HD Select 200” electric drive-train systems from Electric Vehicles International (EVI) for UPS delivery vans built by EVI.
Margins & Economics
-
Gulf Coast 3-2-1 Crack Spread Up 9% in Week Ending December 30
The 3-2-1 crack spread for the Gulf Coast rose 9% from US$14.89 per barrel (/bbl) to $16.17/bbl in the week ending December 30. The New York 3-2-1 crack spread also moved up 9% from $17.06/bbl to $18.60/bbl for the same period.
-
Gulf Coast Aromatics Prices Mostly Higher in Week Ending January 6
U.S. Gulf Coast aromatic spot prices and other prices were mostly higher in the week ending January 6.
-
NYMEX WTI Ends Week Lower; ICE Brent Advances
NYMEX light, sweet crude for February delivery settled at US$101.56 per barrel (/bbl), down 25¢ on January 6, as the glow from a positive U.S. employment report faded and a stronger dollar and lingering concerns about Europe reclaimed the spotlight.
-
U.S. Refining Sector Woes Seem to be Going from Challenging to Worse
One of the largest crude oil refiners in the U.S., Tesoro Corp. has lowered its earnings guidance for the fourth quarter (4Q) and now projects a loss of between 55¢ and 80¢ per share – according to a January 5 Wall Street Journal (WSJ) report.
Public Policy
-
NRDC Sues U.S. EPA over Diesel, Gasoline Vehicle Pollution in Los Angeles
The Natural Resources Defense Council (NRDC) announced January 3 that it and several local “green” groups filed suit against the U.S. Environmental Protection Agency (EPA) over the EPA’s alleged negligence in measuring and then stopping air pollution caused by gasoline- and diesel-powered vehicles along Los Angeles highways.
