More Oil & Gas Processing News

Z Energy to buy Chevron New Zealand for $785 million (NZ)

Jun 2, 2015

Z Energy Ltd., the downstream petroleum entity headquartered in Wellington, has acquired Chevron New Zealand for $785 million (NZ).

EPP acquires Eagle Ford midstream assets

Jun 1, 2015

Enterprise Products Partners LP (EPP), Houston, has executed agreements to purchase all of the member interests in EFS Midstream LLC from affiliates of Pioneer Natural Resources Co., Irving, Tex., and Reliance Industries Ltd., Mumbai, for $2.15 billion. The companies announced last year their desire to divest EFS Midstream.

Once more into the breach...

Jun 1, 2015

Oil & Gas Journal's 2015 Worldwide Gas Processing Report, which starts on p. 58, is my 31st effort to update OGJ readers. It's also my last.

Coast Guard cadets summoned to battle climatological foe

Jun 1, 2015

Confusion evident in President Barack Obama's commencement address at the Coast Guard Academy raises a question bearing on American foreign policy: Is it possible the administration has let its obsession with global warming skew relationships with oil-producing allies?

Ohio weighs post-production costs, royalty calculations

Jun 1, 2015

Post-production cost deductions are a common source of royalty litigation. Local lease-interpretation rules determine whether particular deductions are proper and defensible in court. Different jurisdictions, however, follow different rules to different ends.

North American fractionating, splitting projects advance

Jun 1, 2015

Recent clarifications by the US Bureau of Industry regarding the export of condensate amid growing supplies of domestic oil and gas shale production have sustained expansions of fractionation and splitting capacity by US and Canadian operators.

FOURTH-QUARTER 2014 FIRST-QUARTER 2015: Oil price collapse will slow midstream's growth

Jun 1, 2015

In the second article of this new series on midstream industry trends and developments, discussion shifted from a 10-year review to an analysis of quarterly trends in US gas plant NGL production, domestic demand, and LPG exports. That second article also reviewed the expansion of the NGL raw-mix pipeline grid during 2009-13.

Turkish Stream offers Russia increased export control

Jun 1, 2015

Estimates have the European Union importing 49% more gas in 2035 than in 2012.1 Russia would like to secure as much of this market as possible.

SERVICES | SUPPLIERS

Jun 1, 2015

Ethane availability spurs US infrastructure build

May 29, 2015

Strong natural gas production and ethane extraction in US shale plays have created an oversupply of NGLs, but plunging crude prices at the same time have reduced their global competitiveness with naphtha as a petrochemical feedstock.

EPA proposes renewable fuel quotas for 2014, 2015, and 2016

May 29, 2015

The US Environmental Protection Agency proposed renewable fuel quotas for 2014 that it said reflect the year’s actual biofuel use, and for 2105 and 2016 and, for biodiesel, quotas through 2017 that increase steadily over time.

Malfunction forces unit shutdown at Ohio refinery

May 29, 2015

A compressor malfunction has forced an unplanned shutdown of the fluid catalytic cracker (FCC) at PBF Energy Inc.’s 170,000-b/d refinery at Toledo, Ohio.

Chevron sheds stake in New Zealand refinery

May 29, 2015

Chevron New Zealand has inked a deal to sell its interest in New Zealand Refining Co. Ltd. (NZRC), which operates the 107,000-b/d Marsden Point refinery at Northland on the North Island’s east coast.

Victoria unit buys gas plant in Cameroon

May 27, 2015

Victoria Oil & Gas PLC, London, said a wholly owned subsidiary has completed the $2.578-million purchase of a natural gas processing plant at Logbaba gas field in Douala, Cameroon, from Expro Worldwide BV.

Lukoil commissions new plant at Bulgarian refinery

May 26, 2015

Lukoil Neftochim Burgas AD, a subsidiary of Russia’s OAO Lukoil, has commissioned a heavy-residue hydrocracking complex at its 9.8 million-tonne/year refinery in Burgas, Bulgaria, along the Black Sea.

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