Canadian Natural Resources Ltd. (CNRL), Calgary, has agreed to buy the suspended Joslyn oil sands mining project in Alberta from Total SA and its partners for $100 million in cash on closing and $25 million/year for 5 years. Source: News
Island Energy to end Hawaii refining business, sell assets
Island Energy Services LLC (IES), a subsidiary of One Rock Capital Partners LP, New York, has decided to cease refining operations at its 54,000-b/d Kapolei, Ha., refinery on the island of Oahu as part of a shift in its strategic focus, which will be dedicated instead to logistics and retail operations. Source: News
Total to shed Chinese polystyrene business
Total SA has agreed to sell its polystyrene business in China to Ineos AG subsidiary Ineos Styrosolution. The deal includes Total’s production plants in Ningbo, Zhejiang Province, and in Foshan, Guangdong Province, each with a polystyrene production capacity of 200,000 tonnes/year, Total said. Source: News
MARKET WATCH: NYMEX, Brent crude prices gain on trade conflicts, supply worries
The light, sweet crude oil contract for October gained on the New York market Aug. 30 to settle above $70/bbl while Brent crude oil for October settled above $77/bbl. Source: News
Lukoil starts construction on Kstovo refinery’s delayed coking complex
Lukoil-Nizhegorodnefteorgsintez, a subsidiary of Lukoil, has broken ground on construction of a deep conversion, delayed coking complex at its 17 million-tonne/year Kstovo refinery in central Russia’s Nizhny Novgorod region. Alongside a delayed coker, the 2.1-million tonne/year complex—which began construction on Aug. 29—will include a diesel hydrotreater, a gas fractionator, hydrogen and sulfur production units, as […]
Brazil’s ANP approves Petrobras to restart Replan refinery
Brazil’s National Petroleum, Natural Gas, and Biofuels Agency has approved Petrobras to resume production at the operator’s 415,000-b/d Replan refinery in Paulinia, Sao Paulo, following an Aug. 20 fire that led to a temporary suspension of operations at the complex. Source: News
Tierra del Fuego appraisal well starts flow
Roch SA has started oil production from a well drilled to appraise its 2008 San Martin discovery in Tierra del Fuego and cased a second appraisal as a possible producer. According to Crown Point Energy Inc., a 51.56% interest holder based in Calgary, the SM a-1002 appraisal well started producing on Aug. 15 from the […]
ESAI: Non-US projects to boost global LPG supply
Australia and Russia together will add more than 100,000 b/d of LPG supply in the coming months, according to ESAI Energy’s Global NGL Outlook. Given that US export infrastructure will limit US LPG exports this winter when global demand is strongest, higher exports from Australia and Russia will provide an important alternative source of supply […]
Powder River basin due gas processing plant
Evolution Midstream LLC, Denver, has broken ground on construction of a natural gas processing plant in Converse County, Wyo., in the heart of the Powder River basin (PRB). Source: News
FERC: Construction can resume on parts of Mountain Valley Pipeline
The US Federal Energy Regulatory Commission authorized builders of the Mountain Valley Pipeline (MVP) to resume construction along roughly 200 miles of the project in Virginia and West Virginia on Aug. 29 to best protect the environment. Source: News