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More Oil & Gas Processing News

Gasoline prices likely to stay volatile, EPRINC report suggests

Mar 25, 2013

Existing federal regulations, many of which mandate specific fuels and restrict refining capacity additions, make continued US gasoline price volatility very likely, a Mar. 15 report from Energy Policy Research Foundation Inc. (EPRINC) suggested.

Fourth-quarter 2012 earnings decline after asset writedowns

Mar 25, 2013

Favorable refining and petrochemical margins continued to bolster quarterly and yearend 2012 earnings of related operations for some oil and gas companies.

Wyden asks EPA for information about RIN price fluctuations

Mar 22, 2013

US Senate Energy and Natural Resources Committee Chairman Ronald L. Wyden (D-Ore.) asked the Environmental Protection Agency for data to explain unprecedented volatility in the market for Renewable Identification Numbers (RIN). RINs are designed to help refiners meet alternative fuel volume requirements under the federal Renewable Fuels Standard.

House panel launches RFS review with ethanol 'blend wall' white paper

Mar 21, 2013

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.

API, senators separately urge EPA to address rising RIN prices

Mar 21, 2013

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.

Gasoline prices likely to stay volatile, EPRINC report suggests

Mar 18, 2013

Existing federal regulations, many of which mandate specific fuels and restrict refining capacity additions, make continued US gasoline price volatility very likely, a Mar. 15 report from Energy Policy Research Foundation Inc. (EPRINC) suggested.

USCG: LPG being flared from pipeline south of New Orleans

Mar 18, 2013

Crude oil has been removed from a barge that was under tow when it collided Mar. 12 with a liquefied petroleum gas pipeline near Bayou Perot 30 miles south of New Orleans, the US Coast Guard said.

OGJ Newsletter

Mar 18, 2013

International news for oil and gas professionals

HPCL, Rajasthan sign MOU for refinery

Mar 14, 2013

Hindustan Petroleum Corp. Ltd. and the government of the Indian state of Rajasthan have signed a memorandum of understanding envisioning a refinery and petrochemical complex at Barmer, near oil fields producing and under development by Cairn India Ltd.

PetroJunin JV starts up first Orinoco oil producing well

Mar 14, 2013

The PetroJunin joint venture between Venezuela’s PDVSA and Eni SPA has started heavy oil production from the first well in Junin-5 giant heavy oil field in the Orinoco belt.

Sibur, TNK-BP extend gas processing venture

Mar 13, 2013

Sibur and TNK-BP of Russia have extended gas-supply agreements and expanded the framework of cooperation within OOO Yugragazpererabotka, a gas-processing joint venture they formed in 2007.

Indian refinery due completion in November

Mar 13, 2013

Completion of a 300,000-b/d, full-conversion refinery by Indian Oil Corp. Ltd. at Paradip, India, is expected in November, according to a government official (OGJ Online, Nov. 16, 2011).

EPP plans Gulf Coast ethane system

Mar 13, 2013

Enterprise Products Partners LP (EPP) said shipper commitments support development of a 270-mile pipeline header system for delivery of ethane to US Gulf Coast petrochemical plants from the company’s storage complex at Mont Belvieu, Tex.

Dugas to expand Jebel Ali MTBE plant

Mar 13, 2013

Dubai Natural Gas Co Ltd. (Dugas) has let a contract to Tebodin, The Hague, for detailed design of a 35% expansion of its methyl tertiary butyl ether plant at Jebel Ali.

BP-Husky Refining starts reformer in Ohio

Mar 12, 2013

BP-Husky Refining LLC has started up a new 42,000-b/d naphtha reformer at its 160,000-b/d Toledo Refinery in Oregon, Ohio (OGJ Online, Jan. 20, 2010).

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