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Processing 2010 P2

  • 12/16/2010 -- Study: Chinese, Indian refining to grow; region looks to Mideast for crude
    Refineries for national oil companies (NOCs) in China and India continue to expand capacities as 2010 closes. Japanese refiners, on the other hand, are heading into a second round of capacity reductions.
  • 12/14/2010 -- Valero ready to restart Aruba refinery
    Valero Energy Corp. said its Aruba refining subsidiary is ready to restart the 235,000-b/d refinery it idled in July 2009 because of poor economics (OGJ Online, June 8, 2010).
  • 12/14/2010 -- Turkey JV hires manager for refinery construction
    State Oil Co. of Azerbaijan Republic (SOCAR) and Turcas Rafineri AS have awarded Fluor Corp. a project management consultancy for a refinery to be built in Aliaga, Turkey.
  • 12/13/2010 -- Petrobras awards refinery design contracts
    Petroleo Brasileiro SA (Petrobras) let a basic engineering design and front-end engineering design contract to Foster Wheeler’s Global Engineering & Construction Group for two grassroots refineries in Brazil.
  • 12/08/2010 -- FTC: US ethanol market still unconcentrated
    The US ethanol market is still unconcentrated, with 160 firms nationwide either producing the motor fuel additive or likely to be producing it in the next 18 months, according to the Federal Trade Commission in its sixth annual report.
  • 12/07/2010 -- CPC Talin refinery due desulfurization unit
    CPC Corp. of Taiwan let contract to Jacobs Engineering Group Inc. for a desulfurization unit at its 300,000-b/d Talin refinery in Kaoshiung, Taiwan.
  • 12/02/2010 -- PBF unit to buy Toledo refinery from Sunoco
    Toledo Refining Co. LLC, a wholly owned subsidiary of PBF Holding Co. LLC, has agreed to buy Sunoco Inc.’s 170,000-b/d refinery in Toledo, Ohio, for about $400 million.
  • 12/02/2010 -- Contract let for Normandy hydrocracker work
    Total has let an engineering, procurement services, and construction management contract to Technip to raise capacity of the hydrocracker at its 330,000 b/d Normandy refinery in Gonfreville, France.
  • 12/01/2010 -- Enterprise adds 2 million bbl of products storage at Mont Belvieu
    Enterprise Products Partners LP added about 2 million bbl of underground storage capacity for motor gasoline and distillates at Mont Belvieu, Tex., as part of a program to enhance service capabilities across its refined products network.
  • 12/01/2010 -- Enterprise brings fourth Mont Belvieu NGL fractionator online
    Enterprise Products Partners LP has begun operations at its fourth NGL fractionator at Mont Belvieu, Tex., at nameplate capacity of 75,000 b/d.
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Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

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Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

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