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China’s demand growth may make it globally dominant, speakers suggest

09/18/2014

China potentially could dictate terms as the fastest growing market in a world suddenly awash in potential oil and gas resources, speakers suggested during a discussion of energy and security in China and Pacific Asia at the Woodrow Wilson Center for Scholars.

PDVSA wraps major maintenance at Puerto La Cruz refinery

09/18/2014

Petroleos de Venezuela SA (PDVSA) has completed major maintenance on the atmospheric distillation unit at its 190,000-b/d Puerto La Cruz refinery in eastern Venezuela, the state-owned company said.

Senate adopts bill making BLM drilling permit pilot program permanent

09/17/2014

The US Senate approved Tom Udall (D-NM) and John Barrasso’s (R-Wyo.) bill permanently extending a US Bureau of Land Management drilling permit processing improvement pilot program that was established under the 2005 Energy Policy Act. It was scheduled to expire in 2015.

WoodMac: China, North America face propylene oversupply

09/17/2014

Oil and gas analyst Wood Mackenzie Ltd. forecasts that global propylene production capacity will increase to 165 million tonnes/year (tpy) by 2030 from a current 109 million tpy, prompting a radical shift in historical supply relationships.

Statoil to suspend second semi off Norway

09/17/2014

Statoil ASA will lay up a second semisubmersible drilling rig that it says exceeds the needs of its current program offshore Norway.

AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins

09/17/2014

Russia’s Precaucus and Uralian Foreland basins are the oldest and most developed oil and gas producing regions in the country. As the “birthplace” of Russia’s oil industry, the Precaucus was first developed in the late 19th century. Production improved rapidly after 1920 and entered steep decline after 1970.

Eni makes major oil discovery offshore Angola

09/17/2014

Eni SPA has made an oil discovery on Block 15/06 in the Ochigufu exploration prospect offshore Angola. It is the 10th commercial oil discovery for the block, and is estimated to hold 300 million bbl of oil in place.

AFPM launches web site to recruit refining, petchem employees

09/17/2014

The American Fuel & Petrochemical Manufacturers launched a workforce development web site to provide information for anyone seeking a career in the two industries. “The refining and petrochemical industries want to let people know that we are hiring,” AFPM Pres. Charles T. Drevna said. “If you have a high school degree, or if you have a college degree, we want you to consider a career in these industries.”

Spectra, NU announce New England gas pipeline expansion

09/17/2014

Spectra Energy Corp., Spectra Energy Partners, and Northeast Utilities (NU) plan to build the 1-bcfd Access Northeast natural gas pipeline expansion project, designed to increase gas supplies to New England. Spectra says the project will enhance the Algonquin and Maritimes pipeline systems, using existing routes.

MARKET WATCH: Crude oil futures prices rise on OPEC news report

09/17/2014

Oil futures rebounded on the New York and London markets Sept. 16, which analysts attributed largely to reported comments about a possible production cut for next year by the Organization of Petroleum Exporting Countries.

Sasol lets contract for Mozambique gas processing plant

09/17/2014

Sasol Petroleum International, the upstream unit of Sasol Ltd., has let a services-related contract to a subsidiary of Foster Wheeler’s global engineering and construction group for an electrical expansion project at Sasol’s gas processing plant in Temane, Mozambique.

Pemex lets contract for Salamanca refinery

09/17/2014

Mexico’s Petroleos Mexicanos (Pemex) has let a contract to South Korea’s Samsung Engineering Co. Ltd. for the execution of an ultralow-sulfur diesel (ULSD) project at its Antonio M. Amor refinery in Salamanca, in Guanajuato state.

Senators offer bill to reform energy project cross-border permitting

09/16/2014

Four US senators—2 Democrats and 2 Republicans—introduced legislation to prevent extended delays of energy projects requiring a cross-border permit by moving reviews of applications from the White House to appropriate federal agencies.

Bahrain awards FEED for refinery expansion

09/16/2014

Bahrain Petroleum Co. (BAPCO) has let a contract to a subsidiary of Technip SA to develop front-end engineering design (FEED) for four main work packages as part of a planned expansion and upgrade of the 267,000-b/d refinery at Sitra, on Bahrain’s eastern coast.

Bill Barrett to divest Powder River, Piceance properties

09/16/2014

Bill Barrett Corp., Denver, reported that it has agreed with several undisclosed buyers to sell the majority of its Powder River basin acreage and remaining position in the Gibson Gulch natural gas program in Colorado’s Piceance basin in deals totaling $757 million.

API official calls for end to nearly 6-year Keystone XL permit delay

09/16/2014

Three days before the sixth anniversary of TransCanada Corp.’s original filing for presidential approval of the proposed Keystone XL crude oil pipeline’s cross-border permit application, an American Petroleum Institute official said the Obama administration is catering to a small minority at the expense of the US national interest and the wishes of the vast majority of ordinary Americans.

Engineering contract awarded for Oklahoma gas plant

09/16/2014

A unit of Enable Midstream Partners LP, Oklahoma City, has awarded a contract to CB&I, Houston, for engineering and procurement of equipment and process modules for a new natural gas processing plant near Enable Midstream's 200-MMcfd Bradley cryogenic gas processing plant, currently under construction in Grady County, Okla. 

AER approves conversion to low-pressure steaming at CNRL’s Primrose East

09/16/2014

Alberta Energy Regulator has approved an application by Canadian Natural Resources Ltd. to convert to low-pressure steamflooding at its Primrose East Area 1 bitumen project.

Study finds bad well construction, not fracing, fouled water wells

09/16/2014

Fugitive methane found in water wells above the Marcellus and Barnett shales came from poor well construction, not hydraulic fracturing, a study the National Academy of Sciences released on Sept. 15 concluded.

Borealis lets contract for ethane cracker upgrade

09/16/2014

Borealis AG, Vienna, has let a service contract to Neste Jacobs Oy of Finland for work related to an upgrade of the ethane steam cracker at subsidiary Borealis AB’s petrochemical complex in Stenungsund, Sweden.

EPA approves GHG permit for Texas condensate splitter

09/16/2014

The US Environmental Protection Agency has issued a final greenhouse gas (GHG) prevention of significant deterioration (PSD) construction permit to CCI Corpus Christi LLC, a holding of Castleton Commodities International LLC (CCI), Stamford, Conn., for a $500 million petroleum processing installation to be located near Corpus Christi, Tex.

MARKET WATCH: Brent oil futures prices fall as China’s factory output slows in August

09/16/2014

Crude oil futures rose modestly on the New York market on Sept. 15 while Brent fell modestly on the London market. Meanwhile, China released an economic report indicating possible weakening world oil demand.

SSLPC lets contract for Shandong complex

09/15/2014

Shandong Shouguang Luqing Petrochemical Co. Ltd. (SSLPC) has let a contract to Honeywell’s UOP LLC for technology to produce isobutylene at its integrated refining and petrochemical complex located in Bohai Industrial Park, in Shouguang City, Shandong Province, China.

Kentucky: Daybreak furthers Twin Bottoms drilling campaign

09/15/2014

Daybreak Oil & Gas Inc., Spokane, Wash., has drilled its 10th and 11th horizontal oil wells at the Twin Bottoms Field in Lawrence County, Ky.

Pemex advances diesel program at Mexican refineries

09/15/2014

Mexico’s Petroleos Mexicanos (Pemex) has let a contract to Spain’s Técnicas Reunidas to execute an ultralow-sulfur diesel project at its Lazaro Cardenas refinery near Minatitlan in Veracruz state.

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