eNergy Culture

Valero CEO Bill Kless spoke out against ethanol at a National Petrochemical and Refiners Association conference in San Diego. (Reuters) - Using corn to produce ethanol will make food so expensive in poor countries that it will cause more misery than global warming, the chief of the biggest U.S. refining company claimed this week. "Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change...Read Full Story

Valero CEO Bill Kless spoke out against ethanol at a National Petrochemical and Refiners Association conference in San Diego. (Reuters) - Using corn to produce ethanol will make food so expensive in poor countries that it will cause more misery than global warming, the chief of the biggest U.S. refining company claimed this week. "Corn and ethanol production and the resulting high prices will impact the world in a much more acute negative way than greenhouse gas emissions and climate change...Read Full Story

With the recent rise of both crude oil and gasoline (petrol) prices, there has been an increasing amount of interest in how crude oil is used to make gasoline. In this article, I will explain the basic refining process and point you to other sources where you can find more detailed information on this topic. Crude oil, otherwise known as petroleum, is a fossil fuel that is extracted from the ground and refined to make a wide variety of products ranging from liquids like cleaning solvents...Read Full Story

Friday, 15 July 2011 10:52 Nippon Yusen Kabushiki Kaisha and the Itochu Corporation announced that an international joint venture (JV) of companies to own and operate a Floating, Production, Storage and Offloading system (FPSO1) together with SBM Offshore N.V. (SBM; Netherlands) and Queiroz Galvão Óleo e Gás S.A (QGOG; Brazil) has been established and that the contracts for the twenty year charter and operation of the FPSO for the development of the Lula Nordeste field2 in the pre-salt...Read Full Story

Crude oil rose for the first time in three days in New York as a storm near Cuba prompted evacuations from rigs and production platforms in the Gulf of Mexico. Tropical Storm Fay, with maximum sustained winds of about 50 miles (80 kilometers) an hour, was centered 200 miles southeast of Havana, Cuba at 8 p.m. New York time and may strengthen to a hurricane before striking Florida's northwestern coast Aug. 19, the National Hurricane Center said. Gains were limited on speculation slowing U.S...Read Full Story

The world's first Floating Nuclear Power Plant will be commissioned in 2011 in Russia 's Arctic, the governor of the Arkhangelsk Region said Thursday. "The construction of the first such power unit with 70 MW capacity was started this year, and should be completed by 2010. The plant is most likely to operate in Severodvinsk in Russia's Arkhangelsk Region . Its launch is planned for 2011," Nikolai Kiselyov said. " A Floating Nuclear Power Plant is a new product on the global market, and I hope...Read Full Story

GlobalData’s new report “Global Top 10 Emerging Refining Markets – Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario to 2015″ provides an in-depth analysis on the existing and planned refinery capacity additions, major trends and challenges, crude oil logistics, major oil ports, crude oil pipelines, crude oil storage terminals, capacity of refineries by configuration and type for the top ten emerging refining markets like China, India, Iran, Saudi Arabia, Brazil, Iraq...Read Full Story

The cost of protecting against a default by Petroleo Brasileiro SA, the largest oil producer in waters below 1,000 feet, is surging relative to Petroleos Mexicanos on concern that deep-water drilling costs will jump. Related posts: Petrobras Debt Risk Up More Than Pemex on Deepwater Drill Costs Petrobras signs MOU with Turkey to expand deepwater exploration in the Black Sea Brazil Risk Falls Versus Mexico as Yield Gap Shrinks on GrowthRead Full Story

By the end of June the Ukraine Ministry of Fuel and Energy intends to complete talks on oil supplies to Europe by Odessa-Brody pipeline. After that the pipeline, which works in the reversed regime and pumps Russian oil to Odessa, will work directly. According to head of Naftogaz Ukraini Olega... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]Read Full Story

Petrobras (NYSE:PBR) announces that the modernization project for the Sabbá Isaac Refinery (Reman), in Manaus, is still in progress, as foreseen under the Company's 2009-2013 Business Plan. Related posts: Petrobras to Sell Argentine Assets for $110 Million Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said it will... Petrobras signs MOU with Turkey to expand deepwater exploration in the Black Sea Petrobras (PBR) signed a Memorandum of Understanding with the Turkish...Read Full Story