Motiva Restarting Norco Refinery
(Friday, September 05, 2008) Motiva Enterprises, the refining joint venture between Royal Dutch Shell Plc and Saudi Aramco, has begun restarting its 240,000 barrels per day refinery in Norco, Louisiana, which was shut last week ahead of Hurricane Gustav.

Enviro Group Sues Calif. City Over Refinery Upgrade
(Friday, September 05, 2008) Environmentalists are challenging the Richmond City Council's decision to approve Chevron Corp.'s plans to upgrade its Bay Area oil refinery.

Banks Allowed To Lend More To IOC's Paradip Project
(Friday, September 05, 2008) The Reserve Bank of India (RBI) has allowed banks to lend more to state-owned refiner Indian Oil Corporation's (IOC) Paradip project over and above the prescribed limit for them.

Northern Ethanol To Build Plant In Niagara Falls
(Thursday, September 04, 2008) Northern Ethanol, LLC, a wholly owned subsidiary of Northern Ethanol, Inc., has announced that it has entered into an agreement to acquire a 70 acre site from Praxair, Inc in Niagara Falls on which it will locate its Niagara Falls, NY ethanol plant.

UPDATE: Citgo Cancels Request for SPR Oil
(Thursday, September 04, 2008) Citgo has withdrawn its request for 250,000 barrels of oil from U.S. strategic reserves, while Marathon submitted one, a federal official said Wednesday.

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Gazprom's Yamal Gas Link To Europe Reopens
(Friday, September 05, 2008) Russian gas export monopoly Gazprom said on Friday it had reopened one of its major pipelines to Europe following a maintenance shutdown on Tuesday.

Nabucco 'On Track' Despite Georgia-Russia Conflict - Exec
(Friday, September 05, 2008) The Nabucco gas pipeline, which seeks to link central Asia's gas fields with Europe, is on track despite the Russia-Georgia conflict, the project's chief executive said in an interview published Friday.

Pacific Connector, Jordan Cove Receive Draft EIS from FERC
(Friday, September 05, 2008) Pacific Connector Gas Pipeline, LP and Jordan Cove Energy Project, LP have received notification that the Draft Environmental Impact Statement has been issued by the Federal Energy Regulatory Commission (FERC) for their projects.

Sasol Lowers Stake In Nigeria GTL Project
(Thursday, September 04, 2008) Sasol and Chevron have entered into a heads of agreement for Chevron to purchase an additional 27.5% in the Escravos gas-to-liquids (EGTL) project and Sasol to reduce its economic interest in the EGTL project from 37.5% to 10%.

Senate Panel Looks At Oil 'Bottleneck' In North Dakota
(Thursday, September 04, 2008) It's a bittersweet reality for oil producers in North Dakota: As oil production grows, the means to transport the black stuff shrinks.

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NPD Launches Survey of Potential CO2 Storage Site
(Friday, September 05, 2008) A seismic survey of the subsurface has been initiated at the Troll field in the North Sea to determine whether the site is suitable for storage of large volumes of CO2 from carbon capture facilities at the industrial plants at Mongstad and Karsto.

UPDATE: Citgo Cancels Request for SPR Oil
(Thursday, September 04, 2008) Citgo has withdrawn its request for 250,000 barrels of oil from U.S. strategic reserves, while Marathon submitted one, a federal official said Wednesday.

DOE Grants Citgo 250,000 Barrels of Oil from SPR
(Wednesday, September 03, 2008) Citgo will be allowed to pull 250,000 barrels of oil from the Strategic Petroleum Reserve because of its inability to secure crude in the aftermath of Hurricane Gustav.

UPDATE: LOOP To Restart Ops By Weekend
(Wednesday, September 03, 2008) The Louisiana Offshore Oil Port will restart operations in the next couple days, after apparently surviving a nearly direct hit from Hurricane Gustav with minimal damage, a spokeswoman said Wednesday.

Oil Industry Tallies Up Damage from Gustav
(Tuesday, September 02, 2008) Oil companies, rig and pipeline owners and refiners spread out across the Gulf Coast to look for damage from Hurricane Gustav on Tuesday, and some were already putting equipment and people back in place to resume operations.

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NEB Okays Most Elements of Repsol's Canaport App
(Friday, September 05, 2008) The National Energy Board on Thursday approved an application by Repsol Energy Canada Ltd. for a long-term license authorizing the importation of LNG into Canada, and a separate license to export regasified LNG from Canada to the U.S.

SEC Alleges Former Exec Violated FCPA
(Friday, September 05, 2008) The SEC announced this week that it charged former KBR executive Albert Jackson Stanley with violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) and related provisions of the federal securities laws.

Pacific Connector, Jordan Cove Receive Draft EIS from FERC
(Friday, September 05, 2008) Pacific Connector Gas Pipeline, LP and Jordan Cove Energy Project, LP have received notification that the Draft Environmental Impact Statement has been issued by the Federal Energy Regulatory Commission (FERC) for their projects.

E.ON Sets Target for LNG Purchases - Report
(Thursday, September 04, 2008) Europe's second-largest utility, E.ON , plans to get 15 percent of its gas supplies from liquefied natural gas (LNG) in the medium term, based on 2007 figures, the company's gas chief told German paper Sueddeutsche Zeitung.

Gazprom's Expansion Across The Globe
(Thursday, September 04, 2008) Russia's state-controlled Gazprom, the world's biggest gas producer, has been expanding steadily around the globe and increasing its dominance at home.

more LNG / LPG news...   

Gail India To Double Pata Petrochemical Plant's Capacity
(Friday, September 05, 2008) State gas utility GAIL India on Friday said it will nearly double its Pata petrochemical plant's capacity to 800,000 tons in the next few years as part of plans to make it big in the chemical business.

China's Cabinet Urges Stricter Safety Control At Chemical Plants
(Friday, September 05, 2008) China's cabinet on Friday urged the country's chemical plants to tighten work safety control after a fatal blast in the south.

Albemarle Issues Post-Gustav Update On Baton Rouge Ops
(Thursday, September 04, 2008) Baton Rouge, La.-based Albemarle Corp. has released the statement below highlighting the impact of Hurricane Gustav on its operations in the city.

Lignol To Resume Lignin Apps Development with Huntsman
(Thursday, September 04, 2008) Lignol Energy Corp. on Thursday provided an update on its Memorandum of Understanding (the "MOU"), signed on August 30, 2007, with Huntsman International LLC.

Mitsubishi Chem Ups Ethylene Plant Runs After Outage
(Thursday, September 04, 2008) Mitsubishi Chemical Corp, Japan's top petrochemical maker, said on Thursday it has boosted the operating rates of two naphtha crackers to compensate for lost output at its problem-hit third unit.

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Law Firm Balks At Demands for SemGroup Info - Ex-CEO
(Friday, September 05, 2008) A law firm that represented SemGroup LP, its former chief executive, and the Kivisto-owned trading firm that lost $290 million of SemGroup's money, says creditors of the failed energy company are asking it for too much information.

Crude Settles At 5-month Low
(Friday, September 05, 2008) Crude oil futures fell Friday for the sixth straight session as production ramped up in the Gulf of Mexico in the wake of Hurricane Gustav, and U.S. unemployment hit a multi-year high.

NYMEX-Crude Slides After Gustav Damage Seen Limited
(Tuesday, September 02, 2008) U.S. crude oil futures tumbled on Tuesday as energy companies assessed damage and geared up to restart energy infrastructure shut ahead of Hurricane Gustav and as a resurgent dollar helped pressure oil.

Gustav Reminds U.S. of Oil Vulnerabilities
(Tuesday, September 02, 2008) Hurricane Gustav's rampage through the Gulf of Mexico was a stark reminder that U.S. oil supplies are vulnerable to major storms, analysts said.

Inspector General Probing CFTC-led Task Force Report - Source
(Wednesday, August 27, 2008) The inspector general for the U.S. commodity futures regulator has officially begun an investigation into an interagency report on commodity markets, a person close to the matter told Dow Jones Newswires.

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FTC Requests More Information on Dow's Rohm and Hass Acquisition
(Friday, September 05, 2008) The Dow Chemical Co. on Friday announced that it has received a request for additional information, commonly referred to as a "Second Request," from the U.S. Federal Trade Commission (FTC) regarding Dow's proposed acquisition of Rohm and Haas.

Banks Allowed To Lend More To IOC's Paradip Project
(Friday, September 05, 2008) The Reserve Bank of India (RBI) has allowed banks to lend more to state-owned refiner Indian Oil Corporation's (IOC) Paradip project over and above the prescribed limit for them.

TEPPCO Partners Prices Units
(Thursday, September 04, 2008) TEPPCO Partners, L.P. announced Thursday that it has priced a public offering of 8,000,000 units representing limited partner interests.

Spectra Joins Dow Jones Sustainability Index
(Thursday, September 04, 2008) Spectra Energy has been named to the Dow Jones Sustainability Index for North America, which lists North America's leading, sustainability-driven companies based on a measurement of overall financial, environmental and social performance.

TransCanada Pipeline Buys Bison Project
(Wednesday, September 03, 2008) TC PipeLines, LP (the Partnership) on Wednesday announced Northern Border Pipeline Company (Northern Border) has sold its wholly owned subsidiary, Bison Pipeline LLC, to TransCanada Pipeline USA Ltd. (TransCanada).

more Finance & Acquisition news...   

Neste Names Lievonen President and CEO
(Thursday, September 04, 2008) Neste Oil Corp.'s Board of Directors has appointed Matti Lievonen (age 49) as the company's new President & CEO.

DCP Names New Finance Chief
(Thursday, August 28, 2008) DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP, or the Partnership, announced the appointment of Angela A. Minas to the position of vice president and chief financial officer effective Sept. 8, 2008.

O'Connor To Succeed Fowler As DCP's Chairman
(Thursday, August 28, 2008) DCP Midstream GP, LLC, the general partner of DCP Midstream Partners, LP, or the Partnership, announced the appointment of Thomas C. O'Connor as chairman of its board of directors, replacing Fred J. Fowler effective September 1, 2008.

Fluor Opens New Alaska Office
(Tuesday, August 26, 2008) Fluor Corp. announced Tuesday the opening of its Alaska office in Anchorage to support projects in the region.

Genesis Adds Deere To Senior Management Team
(Tuesday, August 26, 2008) Genesis Energy, L.P. on Tuesday announced the appointment of a new senior officer for Genesis. Robert (Bob) V. Deere was appointed Executive Vice President & Chief Financial Officer.

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