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Lighter Oil News

24 Jan 2015

Petrobras Develops Technology to Cut GHG

A new technology to reduce the emission of greenhouse gases (GHG) is developing a demonstration scale in Shale Industrialization Unit (SIX) in Paraná, in partnership with Petrobras Research Center (Cenpes). Called CO2 capture, this technology is being tested in a prototype fluid catalytic cracking unit (FCC) - process that transforms heavy oil lighter oil derivatives. This is the first unit to preindustrial scale of FCC in the world using oxyfuel technology (replacement of air used in the combustion of fuels by pure oxygen) for capturing carbon dioxide (CO2) gas released during the industrial refinery processes. The FCCs are very important units in the production process of derivatives…

23 May 2014

Oil Producers Hope DC Talks Ease Export Ban

Recent meetings between U.S. oil producers and Commerce Department officials have fueled industry hopes that the Obama administration may soon begin to ease a longstanding ban on oil exports. Although it would require an act of Congress to end the four-decade export ban, some analysts and executives believe the White House may be getting ready to open up the taps a bit, allowing some export of a super-light form of oil known as condensate, which falls into a regulatory gray area. Executives and sources said a number of major shale oil producers have quietly stepped up lobbying efforts over the contentious energy issue in recent weeks, meeting with officials from the Commerce Department's Bureau of Industry and Security (BIS), which oversees exports.

25 Jul 2000

Tanker Rates Are

Caribbean crude tanker rates shot through the roof as oil poured towards the United States, brokers said. Typical rates for 70,000 ton upcoast U.S. liftings soared past W300 ($12.25 per ton) - up around 20 points on the previous day and about 75 points over a week ago. Increased crude production by Venezuela and Mexico was reportedly causing the spike. Increased VLCC arrivals from the Middle East was also putting pressure on Aframax supply in the U.S. Gulf as the 80,000 ton ships were used to lighter oil to terminals from the two million barrel supertankers. Panamax 50,000 ton rates were also seen crossing the W300 barrier as demand for the smaller vessels was pulled upward by the squeeze on Aframaxes.

16 Nov 2004

Bunkering Testing Breakthrough

Octel Petroleum Specialties, the UK fuel additive manufacturer, has made a significant breakthrough in the science of predicting the stability of heavy fuel oils. The development could lead to greater efficiency in critical applications such as estimating the oil quality before bunkering and evaluating the benefit of additives for upgrading Bunker “C” fuel oils. Bunker "C" oil is currently produced by blending the oil remaining after the refining process with lighter oil. The main destination for Bunker “C” is ships using diesel engines for propulsion. Traditionally, predicting the stability of Bunker "C" is fraught with difficulty, largely because stability is ill defined and also because previous methods have been somewhat subjective. This, however, is about to change.