More Refining Capacities News

OGJ Newsletter

Jul 7, 2008

Constraints in worldwide refining capacity

Jul 7, 2008 The US currently consumes about 20.5 million b/d of petroleum and produces about 8.5 million b/d, including natural gas liquids and processing gains.

‘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.

SPECIAL REPORT: Markets evolving for oil sands bitumen, synthetic crude

Jul 7, 2008 As Canadian oil sands production increases, producers are adopting varied strategies in marketing the bitumen blends and synthetic crude oil (SCO).

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.

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.

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.

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.

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.

'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.

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.

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.

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.

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.

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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