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Items Tagged with 'crude oil'

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US refiners break seasonal records for crude processing

U.S. refineries are processing a record volume of crude oil for this time of year, capitalizing on falling oil prices and a surplus of crude from shale drilling.
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TransCanada files application for pipeline to Eastern Canada

TransCanada Corporation has filed a formal application to build a new pipeline that would carry 1.1 million barrels of oil per day from Alberta and Saskatchewan to refineries in Eastern Canada.
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China's crude processing hits record high

China processed a record volume of crude oil in September, data from the National Statistics Bureau revealed last week.
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Exxon Mobil's pipeline arm agrees to $1.4 million penalty for crude oil spill

The pipeline company of Exxon Mobil Corp. has agreed to pay a $1.4 million civil penalty for an alleged crude oil spill in Louisiana.
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Quantum Energy to invest $2.5 billion in 'micro refining' units

North Dakota oil field development specialist Quantum Energy Inc. is planning to take advantage of the abundant Bakken Shale oil reserves and build five "micro refineries" that will produce ready-to-export fuel.
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Large proportion of US crude from shale more volatile than previously thought

Crude oil extracted from shale formations across the United States may be more challenging to transport and process than previously considered due to the presence of highly volatile gases.
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EIA: Refineries unable to deal with increasing proportion of light crudes

Production of U.S. light crude oil and condensates is likely to continue dominating the domestic oil market, accounting for the majority of extra oil extracted over the next two years.
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PetroChina, Asia Trans Gas expand their use of sophisticated software

Proven value leads to expanded use of process-modeling, collaboration-supporting and knowledge-based solutions
China is the world’s largest consumer of energy, second largest of crude oil, according to the U.S. Energy Information Administration. Analysts say China will be the world’s largest crude oil importer within a year.
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Oil leak contaminates Chinese city's water supply

The city of Lanzhou is in the midst of a serious drinking water crisis as a crude oil pipe leak has contaminated water supplies with a highly toxic chemical.
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Shell looking to sell $1 billion stake in Gulf Coast pipeline

Royal Dutch Shell Plc is reported to be looking for a buyer for its stake in a major crude oil pipeline in the Gulf of Mexico, seeking offers worth approximately $1 billion.
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