Gas processing

China’s second largest refiner is halting operations at one refinery due to safety concerns, while cutting processing at another due to poor margins.

Significant cuts are planned in refining and marketing, while investing heavily in new projects to increase production.

An explosion partially halts operations at Amuay, while units also shut at Curacao’s Isla complex.

Contributions are to be distributed through the Japanese Red Cross Society as refineries across the country continue to experience problems.

CB&I has been awarded an EPC contract by Imperial Oil Resources for the Kearl oilsands project worth in excess of US$ 900 million.

Global prices for oil products look set to rise dramatically after the tsunami that hit Japan last week. As a result of the loss of nuclear electricity generating capacity, oil will have to be used as a substitute until the reactors can be repaired.

State owned companies from Kuwait and Abu Dhabi plan future downstream developments abroad.

A letter from Chris Huhne and EU Environment Ministers to the Guardian newspaper on 30% EU emissions cuts.

Chevron has appealed the Ecuadorean court judgment, which found it liable for environmental damage to the tune of US$ 8.6 billion.

API to White House: long term solutions require short term leadership.

10 groups have filed a federal court challenge against the EPA’s E15 authorisation.

Chevron has reached an agreement with Valero Energy Corporation to sell Chevron Limited for US$ 1.7 billion.

The country’s two largest refineries are not operational but appear to be undamaged.

The government and refiners plan to meet cost of upgrades, while BP is set to invest US$ 200 million in energy infrastructure in the country.

Exxon Mobil Corporation reviews 2010 while outlining plans for future projects in its annual presentation to investment analysts at the New York Stock Exchange.