McKinsey Energy Insights analyst discusses refining outlook to 2020 and beyond with DownstreamToday.
McKinsey: MARPOL Annex VI a 'Huge Factor' for Refiners

Wednesday, January 18, 2017 McKinsey Energy Insights analyst discusses refining outlook to 2020 and beyond with DownstreamToday.
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Outlook & Insights
As $21 Billion Gas Market Opens, Japan Seeks Strength in Numbers
(Wednesday, January 18, 2017) In the increasingly competitive world of Japan's energy market, there may be safety in numbers.

Ideal Employer Survey: Africa Values Safety the Most
(Tuesday, January 17, 2017) Out of all the continents featured in Rigzone's Ideal Employer Survey, respondents from Africa valued safety the most.

BP CEO Won't Boost Spending, Signaling Caution on Oil Rebound
(Tuesday, January 17, 2017) BP Plc boss Bob Dudley is not yet ready to boost spending despite the rebound in oil prices.

Ideal Employer Survey Reveals Midstream's Picks for Top Companies
(Monday, January 16, 2017) Rigzone's latest survey finds what's most important to midstream professionals and Deloitte's vice chairman John England provides a midstream outlook for 2017.

COLUMN-China's Crude Oil Juggernaut to Roll On, But More Slowly
(Monday, January 16, 2017) There is little doubt China's crude oil imports enjoyed a robust 2016, hitting a record high. The question is how long the party can continue?

Refining
McKinsey: MARPOL Annex VI a 'Huge Factor' for Refiners
(Wednesday, January 18, 2017) McKinsey Energy Insights analyst discusses refining outlook to 2020 and beyond with DownstreamToday.

Asian Oil Refinery Margins Jump on Outages in Mideast, Asia
(Tuesday, January 17, 2017) Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems, leading to a jump in profit margins for facilities still operating.

ADNOC Shuts Half Capacity at Ruwais Refinery After Fire -Sources
(Monday, January 16, 2017) Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday.

Russia's Tuapse Oil Refinery Resumes Production After Fire
(Friday, January 13, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft and suffered a fire on Wednesday, has resumed production in full, including vacuum gasoil output, a Rosneft representative told Reuters on Friday.

Anger as Mexicans Fear Higher Food Prices to Follow Gasoline Hike
(Friday, January 13, 2017) Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next.

Biofuels
China Cancels Ethanol Imports as Tax Hike Threatens Trade
(Monday, January 16, 2017) Chinese buyers have cancelled up to seven cargoes of ethanol due to arrive by the end of March, sources said, the first sign that a likely hike in import duties is threatening to stall demand from the world's fastest-growing market.

USDA Analysis Says Ethanol's Environmental Benefits Better Than Forecast
(Thursday, January 12, 2017) The U.S. government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.

Africa's First Grid-connected Biogas Plant Powers Up
(Tuesday, January 10, 2017) A commercial farm in Kenya has become Africa's first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered generation.

China to Plough $360 Bln into Renewable Fuel by 2020
(Thursday, January 05, 2017) China will plough 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.

U.S. EPA Seeks to Ban Genscape from Verifying Renewable Fuel Credits
(Thursday, January 05, 2017) Genscape has 60 days to oppose the EPA notice, and the company can continue to verify credits until the agency issues it final order.

Petrochemical
Odebrecht Said to Plot Survival Plan After Record Graft Fine
(Tuesday, January 17, 2017) The sprawling organization reportedly plans to focus on just two business sectors: the construction arm and petrochemical producer Braskem SA, which together account for 84 percent of the group's revenue.

SNC-Lavalin Wins Contract Extension from Saudi Aramco
(Thursday, January 12, 2017) Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.

Republicans Pass Sweeping Bill to Reform 'Abusive' U.S. Regulation
(Thursday, January 12, 2017) In a 238-183 vote, the House passed the "Regulatory Accountability Act," which combined eight bills aimed at changing how the vast government bureaucracy runs. Only five Democrats voted for it.

Process Safety Management: Overcoming the Silo Factor
(Wednesday, January 11, 2017) Review of process safety risk assessments detects a common culprit.

Slumping Fertilizer Makers Turn to High-margin Industrial Uses
(Wednesday, January 11, 2017) Makers of fertilizers that boost corn and palm growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump.

Pipelines
Pipeline in Canada Needs Replacing after 'Mischief' - Police
(Tuesday, January 17, 2017) A section of an intra-provincial oilfield pipeline under construction in Canada's oil heartland of Alberta needs replacement after being damaged by an act of "mischief," authorities said on Monday.

U.S. Pipeline Regulator Completes Rule to Boost Safety Standards
(Friday, January 13, 2017) The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Friday it has passed a rule to boost safety requirements on the country's oil and refined products pipelines.

Kinder Morgan Clears Pipeline Hurdle With Billion-Dollar Pledge
(Thursday, January 12, 2017) Kinder Morgan won environmental approval from British Columbia for the Trans Mountain expansion after it promised to share part of the spoils with the province.

Thailand's PTT Picks Marubeni-Itochu Venture to Supply Natural Gas Pipeline
(Thursday, January 12, 2017) Thailand's largest energy firm PTT Pcl has chosen a Marubeni and Itochu joint venture to supply a natural gas pipeline, the Thai company said on Thursday.

ExxonMobil Licenses New Gas Dehydration Technology
(Wednesday, January 11, 2017) ExxonMobil unveils technology it says makes the dehydration of natural gas more efficient.

Terminals & Storage
UK Government Urged to Block Ship-to-Ship Oil Transfers in Moray Firth
(Tuesday, January 17, 2017) Scottish National Party MSP for Caithness, Sutherland and Ross, Gail Ross, has called on the UK government's Maritime and Coastguard Agency to block proposals for ship-to-ship oil transfers in the Moray Firth.

Mexico's Pemex Imports First Diesel Cargo via Train from U.S.
(Tuesday, January 17, 2017) Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview.

Operations at Venezuelan Oil Terminal Halted by Spill -Sources
(Tuesday, January 17, 2017) Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday.

As OPEC Cuts, Traders Send European Oil Volumes to Asia
(Thursday, January 12, 2017) European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts.

Freezing Med Attracts Unusual Diesel Cargoes
(Wednesday, January 11, 2017) At least one tanker carrying diesel en route to New York has been diverted in the mid-Atlantic to the Mediterranean, where freezing weather from North Africa to the Balkans has boosted demand for heating oil and sharply lifted prices.

LNG / LPG
Hottest Thing in LNG Is Producing Power as Record Glut Looms
(Wednesday, January 18, 2017) Seeking new ways to market their product, producers of LNG are turning to an age-old technique: packaging.

NextDecade Leases Texas City Site for Potential LNG Project
(Tuesday, January 17, 2017) NextDecade, LLC announced Tuesday that it has signed lease agreements for a nearly 1,000-acre site southeast of Houston for the potential development of a multibillion-dollar LNG export facility.

Algerian Troubles Curb Winter LNG Deliveries to France: GRTgaz
(Tuesday, January 17, 2017) French gas grid operator GRTgaz said a force majeure in Algeria and tensions in the global gas market were reducing deliveries of LNG to southern France, just as winter demand for heating intensifies.

LNG Use Surging While Idled Spending May Trigger Next Spike
(Monday, January 16, 2017) LNG prices falling to the lowest in a decade last year spurred fresh demand while suppressing investment in new production, potentially leading to shortages and price spikes next decade, according to a new Bloomberg New Energy Finance report.

Platts Launches Middle East LNG Price Marker as Region's Demand Grows
(Monday, January 16, 2017) Commodity pricing agency S&P Global Platts will begin assessing prices for LNG delivered to the Middle East and Pakistan, reflecting growing imports into a region better known as an exporter, the company said on Monday.

Commodities
Oil Steady As Weak Dollar Offsets US, Russia Output Forecasts
(Tuesday, January 17, 2017) Oil prices were little changed as a decline in the US dollar and comments by Saudi Arabia that it would adhere to OPEC's commitment to cut output.

Oil Up On Saudi Commitment To Cut; U.S. Output Seen Rising
(Monday, January 16, 2017) Oil prices settle up, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year.

U.S. EPA Locks in 2025 Fuel Efficiency Rules
(Friday, January 13, 2017) U.S. EPA chief Gina McCarthy on Friday finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.

Oil Falls On China Concerns, Down 3% For The Week On OPEC Doubts
(Friday, January 13, 2017) Oil prices fall and end the week 3% lower on lingering doubts over the extent of OPEC cuts.

PetroVietnam, Exxon Mobil Sign Deal on Gas Generation
(Friday, January 13, 2017) The Blue Whale project aims to produce the first gas for power plants by 2023

Finance & Acquisition
Technip, FMC Technologies Complete Merger
(Tuesday, January 17, 2017) Technip and FMC Technologies finalize their merger, say new company can challenge conventions in oilfield project delivery.

India's Reliance Expects Sharp Rise in Operating Profit from Next Fin. Year
(Monday, January 16, 2017) Refining and petrochemicals contribute around 90 percent of Reliance's overall revenue and profit.

Mexico's Pemex Says New Procurement Rules Aimed at Combating Graft
(Thursday, January 12, 2017) Pemex said on Wednesday that updated procurement policies, such as renegotiating service contracts and fewer no-bid purchases, have led to more than 24 billion pesos ($1.10 billion) in savings for the cash-strapped firm.

Australian Regulator to Review BP Purchase of Woolworths' Petrol Stations
(Thursday, January 12, 2017) Australia's competition regulator said on Thursday it will review BP Plc's A$1.8 billion purchase of 527 petrol stations from Australia's top grocer, Woolworths Ltd.

The Tiny Gulf Country With a $335 Billion Global Empire
(Wednesday, January 11, 2017) The world's largest LNG exporter is back in the deal-making business.

People on the Move
Trump EPA Pick Pledges to Quash Heavy Hand of EPA Rules
(Wednesday, January 18, 2017) Oklahoma Attorney General Scott Pruitt told the Senate Environment and Public Works Committee Wednesday that environmental protection can be accomplished in collaboration with states and Congress -- without undermining the economy.

Jesse Norman to Take on Full Energy Brief at UK Energy Department
(Friday, January 13, 2017) UK MP Jesse Norman has confirmed through social media site Twitter that he will take on the full energy brief at the UK Department for Business, Energy & Industrial Strategy.

Marathon Petroleum Names Retired Shell Exec HR and Labor Relations VP
(Thursday, January 12, 2017) Marathon Petroleum Corp. Thursday announced the appointment of Dave Sauber to the position of vice president of Human Resources and Labor Relations, effective Feb. 1.

BLOG: Houston Profitable Area for STEM Grads
(Thursday, January 12, 2017) A recent analysis by WalletHub finds that the Houston metropolitan area ranks first in the annual media salary for STEM workers.

BLOG: Study Shows US Residents Leaving the South for New Jobs
(Wednesday, January 11, 2017) An United Van Lines study shows that the south had a large exodus of residents in 2016.






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