The opening of a new, third set of locks on the Panama Canal will cut the distance between the US and Far East by more than one-third for vessels that can now transit the waterway but hadn’t been able to before. A voyage from the US Gulf Coast to the Far East around the Cape […]

Oil sands production is forecast to increase nearly 1 million b/d by 2025, driven primarily by the expansion of existing facilities with more attractive economics, according to analysis from IHS. Source: News

Union Pacific’s failure to maintain track and equipment led to the June 3 derailment of a crude oil train, a fire, and a 1,100-bbl spill near the town of Mosier, Ore., the Federal Railway Administration (FRA) said in a June 23 preliminary finding. Source: News

State-run Petronas has reached the halfway point of its long-planned project to build a refinery and petrochemical integrated development (RAPID) complex at Pengerang in southeastern Johor, Malaysia. Source: News

The Energy Equipment & Infrastructure Alliance, an organization of oil and gas supply chain companies, their trade associations, and their labor unions, formed a special action group to work for regulatory approval of pipelines and other major US energy infrastructure projects. Source: News

Pemex Exploracion y Produccion has let a $454-million contract to McDermott International Inc. for the engineering, procurement, construction, and installation of the Abkatun-A2 platform. Source: News

Syncrude Canada Ltd. said it conducted a cold startup of its steam systems at the Mildred Lake oil sands upgrading complex for the first time since the plant was commissioned in 1977-78. Source: News

Russia’s OJSC Rosneft and China Petrochemical Corp. (Sinopec) have entered a framework agreement to jointly develop a grassroots natural gas processing and petrochemical complex in East Siberia. Source: News