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WEC Plans New South Texas Refinery
(Monday, May 20, 2013) Worldwide Energy Consortium, Inc. (WEC) announced Monday that it will begin the initial engineering/permitting phase for its new refinery located near Gardendale in La Salle County Texas.
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Flood of Russian Diesel Puts Pressure on European Refiners
(Tuesday, May 21, 2013) Russia's slowing economy is leading to a flood of Russian diesel flowing to Europe, which could force a new round of European refinery closures.
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US Approval of LNG Exports Paves Way for Asian Spot Market
(Monday, May 20, 2013) Japanese LNG buyers see U.S. government approval for a Texas LNG facility to export gas to countries with which it doesn't have free-trade agreements as a step forward.
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ConocoPhillips Pulls Back on Plans to Sell Oil-Sands Assets
(Tuesday, May 21, 2013) ConocoPhillips is pulling back on plans to sell its Canadian oil sands assets after it exceeded its target for raising capital by divesting energy properties elsewhere.
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Pemex Files Suit to Recover Nearly $160MM from Siemens, SKEC
(Monday, May 20, 2013) Pemex and its affiliate Pemex-Refinacion (PREF) have filed a lawsuit in New York seeking to recover nearly $160 million from German multinational Siemens and South Korea's SK Engineering & Construction Co. Ltd. (SKEC) in a global bribery case.
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Drevna Applauds RFS Legislation
(Monday, May 20, 2013) AFPM President Charles T. Drevna said that his organization supports the Foreign Fuels Reduction Act legislation recently introduced by Sens. Bob Corker (R-TN) and Joe Manchin (D-WV).
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Shake Up Among Kuwaiti Oil Executives
(Monday, May 20, 2013) Kuwait Petroleum stated that the reshuffle wasn't linked to the crisis over the controversial payment of a $2.2 billion penalty to Dow Chemical for scrapping a joint venture in December 2008.
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Pacific NorthWest LNG Awards FEED Contract to KBR
(Tuesday, May 21, 2013) KBR Tuesday announced it was awarded a contract to execute FEED and early detailed engineering work for a world-scale LNG export facility at Lelu Island near Prince Rupert, British Columbia.
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PAA to Extend Western Oklahoma Oil Pipeline
(Monday, May 20, 2013) Plains All American Pipeline announced it is constructing a 95-mile extension of its existing Oklahoma crude oil pipeline system to service increasing production from the Granite Wash, Hogshooter and Cleveland Sands producing areas.
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Halliburton Rolls Out CNG-Powered Truck Fleet
(Monday, May 20, 2013) Halliburton announced Monday the deployment of nearly 100 light-duty CNG trucks across several field locations in the United States.
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