Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, will surge its forecast costs for construction of the Comperj petrochemical refinery. For full story, click here
Continue reading "Brazil’s Petrobras: Comperj Refinery Costs Could Surge"
Tuesday, June 23, 2009
The Petroleum Corporation of Jamaica’s oil refinery is back up to 90 percent of capacity after a shipping accident damaged its pier but full repairs will take up to 18 months. For full story, click here
Continue reading "Petrojam has backed up to 90% capacity after accident"
Wednesday, June 10, 2009
National Iranian Oil Company has set up its first Beijing office to push for crude sales in China, but the world’s No.4 crude exporter will have a tough job boosting volumes sharply in the absence of a refinery. For full story, click here
Continue reading "Iran’s China Oil Outfit will battle to enhance exports"
Wednesday, May 6, 2009
Kuwait’s state refining company is planning to partially shut a 50,000 barrels per day heavy oil unit at its Shuaiba refinery for scheduled maintenance in May. For full story, click here
Continue reading "Shuaiba unit will be shut"
Tuesday, May 5, 2009
Essar Oil Ltd, which has commissioned its 10.5 million tonne per annum petroleum refinery last May, has successfully expanded the capacity to 14 mtpa. For full story, click here
Continue reading "Essar Oil will increase its ability to process heavy, sour crude"
Monday, May 4, 2009
The upgrade project of China National Petroleum and Chemical Corporation’s Cangzhou Refinery formally commenced on March 26. The project includes technology upgrades of its 1.2 million-ton-per-year coking unit and the construction of a new 900,000-ton-per-year catalytic gasoline absorption desulfurization facility, an 80,000-ton-per-year benzene extraction project and auxiliary facilities. For full story, click here
Continue reading "Sinopec has launched Cangzhou Refinery Upgrade Project"
Friday, February 27, 2009
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, has got government approval to construct a giant refinery in the southern Guangdong province. For more information, click here
Continue reading "CNPC gets green signal for refinery project"
Wednesday, October 8, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
Continue reading "Upgrader: Tight belts"
Wednesday, October 8, 2008
Shareholders lost billions of equity and around half-billion-dollar heavy oil refinery were shelved on Monday as market fall continued to rock the boat for Alberta energy firms. Dick Gusella, president and chief executive of Connacher Oil and Gas Ltd said: We’re going through a real maelstrom of turmoil and turbidity here and it ain’t pretty.. [...]
Continue reading "Energy stocks tumble on refinery projects"
Thursday, September 4, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Continue reading "Upgrader: September 3"
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Tuesday, August 4, 2009