TransCanada Corp., Sierra Oil & Gas, and Grupo TMM have proposed to jointly develop an $800-million refined product storage and transportation system to serve rising demand for gasoline, diesel, and jet fuel in central Mexico and surrounding markets. Source: News
Husky spill cleanup continues in North Saskatchewan River
Two weeks into the cleanup, 11 booms are on the North Saskatchewan River following a crude-oil spill discovered by Husky Energy Inc. on July 21. Ten of the 11 booms have been placed along an 18-km stretch below the oil’s point of entry into the river. Source: News
Minister: Sri Lanka plans refinery expansion
The Sri Lankan government plans to double capacity of the country’s only refinery, Ceylon Petroleum Corp.’s 50,000 b/d facility at Sapugaskanda. Source: News
EIA: US crude stockpiles up 1.4 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 1.4 million bbl during the week ended July 29 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report. Source: News
Producers urge EPA to use data collection request to learn about industry
The Independent Petroleum Association of America, American Exploration & Production Council, and 47 other US oil and gas trade associations urged the US Environmental Protection Agency to use its recent data collection request to learn more about the industry’s concerns and challenges. Source: News
Total starts Incahuasi field in Bolivia
Total SA and partners have started production from Incahuasi natural gas and condensate field in Bolivia and are considering further development. Source: News
MARKET WATCH: NYMEX crude for September settles below $40/bbl
The light, sweet crude oil price for September settled below $40/bbl on the New York market Aug. 2 pending release of a weekly government report showing US crude oil and product supplies. Source: News
Devon to boost rig count in Delaware basin, STACK play
Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with output from the plays rising in early 2017. Source: News
US court backs KBR in dispute with Pemex
KBR Inc. subsidiary Commisa has won a judgement of more than $465 million in a US court in a long legal dispute with Pemex Exploration & Production (PEP) over two platforms offshore Mexico. Source: News
Thai Oil lets contract for Sriracha refinery
Thai Oil PCL has let a contract to Amec Foster Wheeler PLC to provide services for a project that will expand crude oil processing capacity and improve fuel production at the 275,000-b/sd Sriracha refinery, near Laem Chabang Port in Chonburi, Thailand. Source: News