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Items Tagged with 'crude oil'


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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US crude oil export ban should be lifted, Chamber of Commerce says

The pressure on the federal government to lift the ban on U.S. crude oil exports is building, after the U.S. Chamber of Commerce joined the long list of industry groups, trade bodies and organizations that are demanding an end to the restriction.
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North Dakota pipeline leaks more than 20,000 barrels of crude

An estimated 20,600 barrels of crude oil have spilled into a field in North Dakota from a pipeline operated by Tesoro Logistics LP.
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US oil production reaches highest level in 20 years

U.S. crude oil production increased to an average of 7.5 million barrels per day (bbl/d) in July 2013, the highest monthly level of production since 1991, according to the U.S. Energy Information Administration (EIA).
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