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General Interest 2013 P7

  • 03/26/2013 -- PHMSA issues CAO to Chevron Pipe Line for products leak in Utah
    The US Pipeline and Hazardous Materials Safety Administration issued a corrective action order on Mar. 22 outlining steps Chevron Pipe Line Co. must take in response to a leak 4 days earlier in its products pipeline near Willard, Utah.
  • 03/25/2013 -- Sinopec Corp., parent form $3 billion joint venture
    China Petroleum & Chemical Corp. (Sinopec Corp.) agreed to form a joint venture with parent company China Petrochemical Corp. (Sinopec Group) to be called Sinopec International Petroleum E&P Hongkong Overseas Ltd.
  • 03/22/2013 -- House members ask Obama to request final Atlantic seismic EIS
    Forty US House members signed a Mar. 21 letter asking US President Barack Obama to urge his administration to complete an environmental impact statement (EIS) for a proposed seismic assessment of oil and gas resources on the US Atlantic Continental Shelf.
  • 03/22/2013 -- MARKET WATCH: Cypriot crisis undercuts crude prices
    Energy prices generally were down in mixed markets Mar. 21 with crude losing 0.6%. in New York while the United Nations’ International Monetary Fund, the European Central Bank, the European Union, and Russia “squabbled” over the possible economy bailout for Cyprus.
  • 03/21/2013 -- Senators prepare expanded energy revenue sharing bill
    US Sens. Mary L. Landrieu (D-La.) and Lisa Murkowski (R-Alas.) said they will introduce an expanded version of federal energy revenue sharing legislation they have offered previously.
  • 03/21/2013 -- LNG export strategy should be balanced, expert tells House panel
    The US should adopt an LNG export strategy that provides certainty for producers but doesn’t significantly increase prices for industries and other consumers, an expert told the US House Oversight and Investigations Committee.
  • 03/21/2013 -- House panel launches RFS review with ethanol 'blend wall' white paper
    The US House Energy and Commerce Committee launched a bipartisan review of the federal Renewable Fuel Standard with a white paper addressing the so-called “blend wall,” the point at which adding the required ethanol volumes to gasoline supplies would result in a blend above the currently allowable 10% ethanol limit.
  • 03/21/2013 -- API, senators separately urge EPA to address rising RIN prices
    The American Petroleum Institute and two Republican US senators separately asked the Environmental Protection Agency to address renewable identification number (RIN) costs, which have jumped by 1,400% since the beginning of 2012.
  • 03/20/2013 -- MARKET WATCH: Economic gloom over Cyprus brought down oil prices
    The front-month crude contract fell 1.8% Mar. 19 in the New York futures market as the Cyprus government’s rejected an unpopular proposal for a 10% tax on individual bank deposits above €20,000 to bail out its economy.
  • 03/20/2013 -- EIA: US oil production to surpass imports for first time since '95
    US monthly crude oil production is expected to exceed the amount of crude oil imports later in 2013 for the first time since February 1995, the Energy Information Administration projected.

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