Refineries

New York Culinary Experience 2014 Presented By New York Magazine And The International Culinary Center - Day 2

The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so. Examples of companies that divested downstream assets include Hess and… Keep reading →

Air Pollution Reaches High Levels Across London

Last month EPA implemented new gasoline regulations requiring the last microscopic bits of sulfur to be removed from fuel. The Tier 3 standard is likely to hit consumers and burden the economy while providing, at best, negligible benefit. Writing for the Jefferson Policy Journal, Paul Driessen makes a number of important points about the potentially onerous effects of… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

United States law prohibits exports of crude oil and condensate except under certain conditions, while exports of refined products and natural gas are far less restricted. While these laws had little impact when the country was in a position of oil and gas scarcity, the country’s newfound energy abundance has rendered some of them obsolete,… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

The possibility of a rapprochement in nuclear talks between the US and Iran – though they did not produce a deal - had fueled a degree of oil market optimism about Iran’s reinstatement as a global oil supplier. But even if negotiations had proved successful, political and logistical hurdles would likely have stalled any significant return… Keep reading →

Australian Petrol Prices On The Rise

By Jackie DeAngelis It’s getting cheaper for Americans to fill their tanks and heat their homes, but analysts warn that consumers are unlikely to show signs of an economic windfall. The national average for a gallon of regular gasoline now runs $3.31, down 13 cents in a month and lower by 28 cents from the… Keep reading →

Activists Against The Keystone Pipeline Project Demonstrate At The State Department

The ongoing controversy over the proposed Keystone XL Pipeline linking Alberta’s oil sands to US markets covers a vast amount of factual territory, from refinery configuration to logistics to international crude oil trading to carbon dioxide emissions. But at times, all of these issues take a back seat to the emotional, or symbolic, component of… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

When it comes to the question of whether pipeline or rail is safer for moving crude, the answer depends somewhat on the source, but pipelines are broadly understood to come out ahead, not only on safety, but also on cost and efficiency. However, newfound oil abundance in areas not traditionally associated with oil and gas… Keep reading →

Delta Air Lines Buys Philadelphia Area Oil Refinery From ConocoPhillips

By Patti Domm U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile. Already running at their highest levels in six years, U.S. refineries are finding strong demand for diesel fuel, used widely in cars outside of the United… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

Natural gas production gains spurred by the unconventional revolution upended long-held beliefs about resource scarcity in the US, leading to calls for exports. And the rise in US unconventional crude production has led to similar calls for exporting oil. “Federal lawmakers should overturn the ban on exporting crude oil produced in the United States,” said Blake… Keep reading →

Oil Prices Rise As BP Shuts Pipeline

A National Research Council report, which was mandatory under a 2011 pipeline safety law, found that Canadian heavy oil is no more likely to spur pipeline leaks than other crude oils are, which could bode well for the future of the Keystone XL pipeline. Of course, there is still the issue of the cold, dead… Keep reading →

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