‘Silent disruption’ limiting oil supply
Jul 7, 2008
Recent increases in the price of oil result largely from a collision of demand growth with what might be called a “silent disruption” to worldwide supply.
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Lukoil, ERG form refinery joint venture
Jun 27, 2008
Lukoil will pay ¬1.3 billion to acquire a 49% stake in a new JV with Italian refiner ERG. The JV will jointly operate ERG's Isab refining complex at Priolo, Sicily.
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Mariisky lets contract for refinery expansion
Jun 24, 2008
Mariisky NPZ Ltd. awarded a contract to Foster Wheeler Italiana SpA, Milan, for the expansion of the Mari-El refinery's capacity to 90,000 b/sd from 27,000 b/sd, scheduled for start-up in 2012.
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Construction begins on Marathon Detroit refinery
Jun 24, 2008
Marathon Oil Corp. has begun construction of the $1.9 billion heavy oil upgrading project at its Detroit refinery following issuance of an air quality permit by the Michigan Department of Environmental Quality.
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SPECIAL REPORT: Global LPG markets react to high oil prices
Jun 23, 2008
High global oil prices, regional supply disruptions, project delays, regional demand increases, and slowing economies in many regions have all affected global LPG markets and trade.
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Volatile VLCC rates lead tanker rebound
Jun 23, 2008
Tanker market earnings for the half-year ended March 2008 firmed by 14.1%, from the previous 6 months.
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'We'd be doing the country a favor if more of that oil were produced here at home'
Jun 20, 2008
From Vice President Richard B. Cheney's luncheon address to the US Chamber of Commerce on June 11.
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Lift OCS leasing bans to increase US supplies, Bush tells Congress
Jun 20, 2008
President George W. Bush urged Congress to lift oil and gas leasing bans on the Outer Continental Shelf as the first of four steps to increase domestic supplies in response to soaring prices.
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Bush urges Congress to lift bans on OCS leasing
Jun 18, 2008
US President George W. Bush urged Congress to lift oil and gas leasing bans on the Outer Continental Shelf as the first of four steps to increase domestic supplies in response to soaring prices.
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Senate Democrats turn their focus from global warming to oil taxes
Jun 13, 2008
Days after withdrawing global climate change legislation, US Senate Democrats prepared to bring to the floor an energy bill which would reimpose a windfall profits tax on major oil companies and repeal several of their financial incentives.
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Senate Democrats turn focus from global warming to oil taxes
Jun 10, 2008
Days after withdrawing global climate change legislation, US Senate Democrats prepared to bring to the floor an energy bill that would reimpose a windfall profits tax on major oil firms.
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NGC: Lieberman-Warner bill would drive up gas demand
Jun 9, 2008
A recent study from the Natural Gas Council concluded that legislation to be debated this week in the US Senate is likely to increase natural gas demand without addressing the need for increased supply.
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WoodMac: Alberta oil sands triggers investment wave
Jun 9, 2008
The projected growth of Alberta oil sands production, which has in place some 1.75 trillion bbl of resources, is triggering a wave of investments, said Wood Mackenzie Ltd., Edinburgh.
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NGC: Lieberman-Warner legislation would drive up gas demand
Jun 4, 2008
A recent study from NGC concluded that legislation to be debated this week in the US Senate is likely to increase gas demand without addressing the need for increased supply.
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WoodMac: US refiners, pipelines invest in Canadian tar sands
May 30, 2008
The projected growth of Alberta oil sands production, which has in place some 1.75 trillion bbl of resources, is triggering a wave of investments, said Wood Mackenzie Ltd., Edinburgh.
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