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  1. ESAI: Product trade to tamp down Asian crude throughput

    The increase in Asian refinery throughput and thus crude oil demand in the region will slow significantly in the next two years, rising by only 400,000 b/d annually, according to ESAI Energy’s Two-Year Global Fuels Outlook. This compares with over 700,000 b/d of increases in both 2015 and 2016. A slowdown in the increase in refiner demand for crude oil in Asia will do little to support crude oil prices, and just adds to the pressure on crude oil exporters to take action next month to rein in production. The report shows that Asia’s net outflow of gasoline and middle distillate has crested. In the next two years, the combination of lower exports of these products and modestly growing imports of other products will negatively impact the increase in Asian refinery throughput. “Asian product markets are reaching an inflection point, and it begins with but does not end with India,” says ESAI Energy Principal Andrew Reed. “India’s expansion of refining activity has led to record high exports of gasoline and middle distillate from that country. In the next couple years, however, refineries will not increase output as much as in the past, and more of those products will be supplied to the domestic market.” According to ESAI Energy’s outlook to 2018, as goes Indian product trade, so goes Asian product trade. Asia’s middle distillate surplus, which exceeded 1.2 million b/d in 2015-2016, has crested and will decline by 180,000 b/d in the next two years. The net outflow of gasoline matches the historical high of 260,000 b/d, but will decrease roughly 75,000 b/d. Falling net exports of these products will take place alongside the ongoing growth of Asia’s imports of low-value products like fuel oil and naphtha. “Until now, higher Asian exports of gasoline and middle distillate roughly offset increases in the region’s imports of other refined products. From the standpoint of product balances, this was stabilizing for Asian refinery throughput,” explains Mr. Reed. “Looking ahead to 2017 and 2018, more of the products Asia consumes will be produced elsewhere, which will sap crude demand in Asia.” Energy Security Analysis Inc. (ESAI), founded in 1984, is a global energy consulting company that provides market research and strategic advisory services.  

    Online Articles

    Online Articles

    Tue, 25 Oct 2016

  2. Enlink to divest $275 million in assets, fund Chisholm III expansion

    The EnLink Midstream companies will receive $275 million from combined noncore asset sales and invest $100 million in 2017 to construct a new gas processing plant in the Sooner Trend Anadarko basin Canadian and Kingfisher counties (STACK) play of Oklahoma.

    Online Articles

    Online Articles

    Wed, 21 Dec 2016

  3. ABB showcases leading-edge power generation solutions at PGI 2016 in Orlando

    ABB will present its Symphony Plus control system, thanks to which ABB has been recognized as the world’s number one supplier of distributed control systems (DCS) in the power generation segment.

    Online Articles

    Online Articles

    Tue, 13 Dec 2016

  4. More POWER-GEN 2016 Industry Announcements for Tuesday

    Announcements from a variety of industry leaders, made here at POWER-GEN.

    Online Articles

    Online Articles

    Mon, 12 Dec 2016

  1. Tesoro Logistics expands midstream asset base with $1.1 billion in deals

    Online Articles

    Online Articles

    Tue, 22 Nov 2016

  2. Oil, gas to be part of US Arctic policy, White House official says

    The US government’s Arctic policy will include responsible development of oil and natural gas resources in Alaska that meets the highest environmental and safety standards including global climate goals, a White House official said. But other speakers at the Atlantic Council’s Oct. 25 conference ...

    Online Articles

    Online Articles

    Wed, 26 Oct 2016

  3. Access point = outdoor oil & gas services Wi-Fi

    AWK-4131A-US-T outdoor industrial AP/bridge/client is a new weatherproof access point designed to "ensure highly reliable Wi-Fi for outdoor environments."

    Article

    Article

    Wed, 30 Nov 2016

  4. Whiting Petroleum Corporation enters into sales agreements for North Dakota midstream assets

    Whiting Petroleum Corporation announced that it has entered into purchase and sale agreements to sell its 50 percent interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota.

    Online Articles

    Online Articles

    Wed, 23 Nov 2016

  5. Whiting Petroleum to sell North Dakota midstream assets

    Whiting Petroleum has agreed to sell its 50% interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system and its 50% interest in its Belfield natural gas processing plant and associated natural gas, crude oil and water gathering systems.

    Online Articles

    Online Articles

    Tue, 22 Nov 2016

  6. 1Derrick US M&A weekly update

    1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of November 21st to November 25th.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  7. Wood Group to manage North Sea pipeline systems for Ancala

    Ancala Midstream Acquisitions has agreed to acquire Apache Beryl’s respective 30.28% and 60.56% stakes in the Scottish Area Gas Evacuation system and Beryl pipeline in the UK North Sea.

    Online Articles

    Online Articles

    Wed, 30 Nov 2016

  8. Reliance plans FCCU shutdown at Jamnagar for 5 weeks

    Reliance Industries Ltd., Mumbai, is planning to shut a fluidized catalytic cracking unit (FCCU) at the Jamnagar refinery for about 5 weeks for routine maintenance and inspection beginning the second week in November.

    Online Articles

    Online Articles

    Thu, 20 Oct 2016

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