From: Oil & Gas Journal [mailto:news@ogjo-media.com]
Sent: Monday, November 21, 2011 3:05 PM
To: nbrauchitsch@yahoo.com
Subject: OGJ Monthly Refining Report - November 2011
OGJ Refining Update |View online| November 21, 2011|Forward to a Friend
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FTC allows ConocoPhillips, Holly to modify licensing agreement
The US Federal Trade Commission approved ConocoPhillips’s request to reopen and modify a final order settling the agency’s competition concerns arising from Conoco Inc.’s 2002 merger with Phillips Petroleum Co. FTC also approved a change to ConocoPhillips’s licensing agreement with independent refiner-marketer Holly Corp.
Share:     | Indian Oil plans new refinery, Gujarat expansion
Indian Oil Corp. Ltd., India’s largest refiner, plans to raise its total refining capacity to 2.46 million b/d by 2020-21 with two new refineries and a major expansion.
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| | CVR Energy to buy refinery in Wynnewood, Okla.
CVR Energy Inc. plans to buy Gary-Williams Energy Corp. and its Wynnewood, Okla., refinery and related assets for $525 million in a transaction expected to close by yearend.
Share: | Industry, government witnesses disagree on need for Tier 3 rules
Proposed regulations to further reduce sulfur content in gasoline by nearly 70% potentially could make refiners significantly alter their plant configurations while reducing product inventories and processing capacity, witnesses from two petroleum industry associations told a House subcommittee. A US Environmental Protection Agency official, meanwhile, said they are necessary nevertheless to protect public health.
Share: | Commissioning of Punjab refinery delayed
Although construction is nearly complete of the 180,000 b/d Guru Gobind Singh refinery near Bathinda in the Indian state of Punjab, commissioning has been delayed (OGJ Online, May 11, 2011).
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Middle East set to eclipse Asia in refining capacity growth
The Middle East appears set to dominate the expansion of global refining capacity in the latter half of this decade, eclipsing Asia as projects there come on stream.
Share: | Wood River refinery expansion nearly complete
Cenovus Energy Inc., Calgary, says expansion of the 306,000 b/sd Wood River refinery at Roxana, Ill., is essentially finished as start-up of the expanded coker approaches by mid-November
Share: | Mongstad refinery's delayed coker due revamp
Mongstad Refining has let a $39.8 million fabrication and construction contract to Kvaerner for a revamp of the delayed coker at its 200,000-b/d refinery at Mongstad, Norway.
Share: | Lawmaker seeks study of E15 ethanol gasoline blend impacts
US Rep. F. James Sensenbrunner (R-Wis.) introduced a bill on Oct. 14 that would make the US Environmental Protection Agency seek independent scientific analysis of the effects of a 15% ethanol (E15) gasoline blend. Sensenbrunner, who is vice-chairman of the House Science and Technology Committee, said the additional study is necessary because EPA relied on a single, narrow US Department of Energy study in its decision to proceed.
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