Drive for oil exports pushes East Africa pipeline development

The proposed Uganda-Kenya Crude Oil Pipeline (UKCOP) across northern Kenya, one of three new liquids pipelines planned for the region, is already having major effects and unintended consequences even as it attempts to meet producers’ demand for export solutions. Source: News


Planned maintenance to slow first-half 2016 ethylene production

From the perspective of feedstock pricing and production costs, the latter part of 2015 provided as much turmoil as the first half, but US ethylene producers turned in two quarters of nearly perfect operational performance in second-half 2015. Source: News


Plant, pipeline reconfiguration boosts Iraqi NGL yield

Natural gas intake at NGL plants in southern Iraq doubled to roughly 500 MMcfd between 2012 and 2015 thanks to plant reconfiguration and completion of a low-pressure pipeline. Source: News


Bubbles of capital spending

The chart in this sidebar shows the real US exploration and production capital spending, measured by real private investments on the structures and equipment used in oil and gas extraction and supporting services, and real West Texas Intermediate prices, over the period 1960 to 2014. Source: News


Capital expenditures to be squeezed further in 2016

Oil companies are once again being forced to slash capital expenditures (capex) amid a prolonged price slump, with spending in North America bearing the brunt of the cuts. Source: News


US refining flexibility sustains export opportunities, profitability

A lower crude oil price environment has sparked concerns that projected reductions in US light, tight oil (LTO) production will lead to reduced profitability for US refiners as readily available supplies of low-cost feedstock and natural gas dwindle. Source: News


The crucial RFS question

A basic question emerged once the US Senate Environment and Public Works Committee began to examine the federal Renewable Fuels Standard on Feb. 24: Is the program an impractical failure, or should its mandates be preserved? Source: News