More Oil Refining News

CALIFORNIA OIL SPILL BILL SPARKS INDUSTRY TUSSLE

Jul 2, 1990 California independent producers are squaring off against major oil companies and importing refiners in a squabble over who will fund the state's proposed $150 million emergency oil spill response fund. California Independent Petroleum Association is lobbying to kill legislative efforts to extend a fund buildup fee of 25/bbl to independents' production. CIPA contends the fee would shut in many independents' wells in California.

INTERNATIONAL BRIEFS

Jul 2, 1990 INDIA'S petroleum ministry estimates oil sector spending at $33 billion in its eighth fiscal planning period,1990-95, up sharply from $10.863 billion in the seventh plan. The estimate breaks out, in billions of dollars, as Oil & Natural Gas Commission 17.4, refining 5.4, marketing 5.2, Gas Authority of India Ltd. 4, and Oil India Ltd. 1.1. ESSO BV let contract to Comprimo BV, Amsterdam, for a 40,000 kw cogeneration plant to supply power and steam at its Rotterdam refining and petrochemical

U.S. BRIEFS

Jul 2, 1990 PACIFIC GAS & ELECTRIC CO. received California's first Air Pollution Reduction Award for developing and using a process to remove hydrogen sulfide gas from geothermal steam and reducing hazardous waste by as much as 90% at the Geysers power plant, Sonoma and Lake counties, Calif. The process cuts the volume of chemicals used at the plant.

WATCHING THE WORLD AMEERI'S TASK IN KUWAIT

Jul 2, 1990 With Roger Vielvoye from London Kuwait's oil minister, Ali Khalifah al-Sabah, one of the most accomplished performers in the world of the Organization of Petroleum Exporting Countries, is moving on to become his country's minister of finance. OPEC will get its first official view of Ali's successor, Raschid Salim al-Ameeri, at the ministerial conference scheduled to open July 25 in Geneva.

STATE SOLONS ACCENT ENVIRONMENTAL ISSUES

Jul 2, 1990 The spring round of state legislative sessions saw renewed emphasis on U.S. environmental protection. Only about a dozen legislatures are still sitting. States also increased their cooperation on environmental issues. For example, Rhode Island, Connecticut, New York, and Massachusetts officials met last spring to cooperate on regional oil spill protection and liability issues.

WEATHERING ANOTHER PRICE SLUMP

Jul 9, 1990 The absence of panic is palpable. The crude oil market has been pounded soft again this year by overproducing members of the Organization of Petroleum Exporting Countries. Yet, by most visible signs, oil industry operations most vulnerable to a price slump hum right along. However welcome the calm, some less visible signs should raise concerns.

OGJ GROUP PROFITS SLIDE 26% FROM YEAR AGO

Jul 9, 1990 Robert J. Beck Economics Editor First quarter profits for Oil & Gas Journal's group of 22 large U.S. oil companies totaled $5.616 billion, down 26% from first quarter 1989. Results were mixed, with 14 companies posting a drop and eight showing an increase. None of the companies had a loss for the quarter this year, compared with one company, Ashland Inc., a year ago. A slide in earnings from chemical and U.S. refining operations caused the first quarter slump.

INTERNATIONAL BRIEFS

Jul 9, 1990 LUCKY ENGINEERING CO., South Korea, let contract to ABB Lummus Crest Inc. on behalf of Indonesia's PT Graha Swakarsa Prima to provide styrene technology for a 120,000 metric ton/year ethylbenze to styrene monomer unit PT Graha plans as part of a $500 million petrochemical complex in West Java. Other plants at the complex will produce acrylonitrile butadiene, styrene resin, and high impact polystyrene.

REFORMULATED FUELS SET THE STAGE FOR U.S. SUPPLY PINCH, PRICE SPIKES

Jul 9, 1990 Bob Williams Senior Staff Writer U.S. refiners could see gasoline supply shortfalls and price spikes in some regions of the country as they press efforts to market reformulated fuels. That campaign is crucial for the U.S. petroleum industry as it seeks to head off possible mandates for alternate fuels under emerging federal and state air quality regulations.

ENVIRONMENT AND MARKETPLACE FORCING MAJOR CHANGES IN GAS PROCESSING

Jul 9, 1990 R.E. Cannon Gas Processors Association Tulsa Major changes have occurred and internal restructuring is under way that will dramatically change the gas-processing industry. Some reasons for the industry's current state of flux are dramatic shifts in market demand, the lowest operating margins in recent memory, environmental pressures on NGL uses, increased refinery production of gas liquids, excess capacity and production, and an extremely competitive market place.

WORLDWIDE GAS-PROCESSING GROWTH SLOWS

Jul 9, 1990 Warren R. True Pipeline/Gas Processing Editor Canada and the Asia-Pacific region in 1989 continued growth patterns for gas-processing activates which were evident in 1988, this year's exclusive Oil & Gas Journal gas-processing survey shows. Worldwide, however, gains of 1988 showed signs of slowing in 1989. The survey is accompanied by the Journal's annual compilation of sulfur-recovery capacity. As Canadian experience is proving, however, new facilities to handle sulfur and high-H2S

U.S. BRIEFS

Jul 9, 1990 ENERGY VENTURES INC., Houston, acquired the remaining 17.2% interest in oil field service and equipment unit EVI Inc. for about 890,000 shares of Energy Ventures stock. SEAGULL ENERGY CORP., Houston, purchased Wacker Oil Inc., Houston, from Costain Holdings Inc., Chicago, for about $77 million. PARKER & PARSLEY DEVELOPMENT PARTNERS LP, Midland, Tex., and affiliates acquired eight limited partnerships affiliated with Damson Oil Corp., New York, with proved oil and gas reserves of 7.6 million bbl

WAYS TO DEAL WITH WET H2S CRACKING REVEALED BY STUDY

Jul 9, 1990 Gerrit M. Buchheim Exxon Research & Engineering Co. Florham Park, N.J. Large-scale inspections during the past 5 years of pressure vessels operating in wet H2S service and an American Petroleum Institute (API) survey have revealed that, industry wide, about 25% of all vessels inspected contained cracks. Individual companies and locations have experienced cracking in as many as 45% or more of the vessels inspected.

POSITIVE NOTES APPEAR IN U.S. GAS PROCESSING OUTLOOK FOR THIS DECADE

Jul 9, 1990 R. R. Haun, E. E. Ellington, J. R. Hawes Purvin & Gertz Inc. Dallas U.S. gas processors will experience more favorable times during the next 10 years than during 1988 and most of 1989. The recovery will be gradual, however, and seasonal changes in profitability will continue. On the supply side, there is uncertainty as to the future volumes, compositions, and locations of natural gas available for processing. The effects of future volumes of LPG imports are also uncertain.

TAIWAN TO BOOST CONSUMPTION OF OIL, LNG

Jul 16, 1990 Oil and LNG will claim a greater share of energy consumption in Taiwan during the 1990s than was forecast 5 years ago, says Resource Systems Institute's East West Center, Honolulu. In addition, Taiwan will have to expand refining capacity to meet a corresponding demand increase for gasoline and diesel. Its renewed growth in demand for imported low sulfur fuel oil will then subside as domestic production, diesel and gasoline demand, and LNG imports combine to squeeze-possibly end-fuel oil

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