Demand for liquid hydrocarbons will become a “tug of war between growth the petrochemical sector and declining demand from passenger cars,” predict analysts at McKinsey & Co. in a report suggesting oil demand might peak in 2030. Source: News
Tesoro Logistics to buy Tesoro’s Alaska storage, terminalling assets
Tesoro Logistics LP (TLLP) has agreed to acquire storage and terminalling assets in Alaska from units of Tesoro Corp. for $444 million. Source: News
Tesoro Logistics to buy Tesoro’s Alaska storage, terminalling assets
Tesoro Logistics LP (TLLP) has agreed to acquire storage and terminalling assets in Alaska from units of Tesoro Corp. for $444 million. Source: News
Tatneft commissions unit at Tatarstan refinery
PJSC Tatneft, Almetyevsk, Russia, has commissioned a 2 million-tonne/year delayed coking unit at the 9 million-tpy refinery of subsidiary OJSC Taneco’s multiphase integrated refining and petrochemical complex in Nizhnekamsk, 250 km from Tatarstan’s capital city of Kazan. Source: News
Tatneft commissions unit at Tatarstan refinery
PJSC Tatneft, Almetyevsk, Russia, has commissioned a 2 million-tonne/year delayed coking unit at the 9 million-tpy refinery of subsidiary OJSC Taneco’s multiphase integrated refining and petrochemical complex in Nizhnekamsk, 250 km from Tatarstan’s capital city of Kazan. Source: News
Vaalco outlines temporary well shut-in status offshore Gabon
Houston independent Vaalco Energy Inc. maintains its 2016 production guidance of 3,700-4,500 boe/d, noting that a malfunction with pumps on one well offshore Gabon is being resolved. Meanwhile, Vaalco renegotiated terms with Transocean Ltd. after releasing the Constellation II rig offshore Gabon. Source: News
Vaalco outlines temporary well shut-in status offshore Gabon
Houston independent Vaalco Energy Inc. maintains its 2016 production guidance of 3,700-4,500 boe/d, noting that a malfunction with pumps on one well offshore Gabon is being resolved. Meanwhile, Vaalco renegotiated terms with Transocean Ltd. after releasing the Constellation II rig offshore Gabon. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices drop more than $2/bbl
Crude oil prices tumbled more than $2/bbl on both London and US markets July 5 as US traders and investors returned to work after a July 4 holiday. They expressed concerns that a climbing US rig count might mean a slowing in the US production decline rate despite ample world oil supplies. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices drop more than $2/bbl
Crude oil prices tumbled more than $2/bbl on both London and US markets July 5 as US traders and investors returned to work after a July 4 holiday. They expressed concerns that a climbing US rig count might mean a slowing in the US production decline rate despite ample world oil supplies. Source: News
Uganda reported in refinery talks with SK
The government of Uganda has resumed negotiations with SK Engineering & Construction, Seoul, for construction of a grassroots refinery after ending talks with a Russian company, according to press reports. Source: News