At the Toledo, Ohio, refinery, BP Plc (NYSE:BP) and Husky Energy (TSE:HSE) had a sulfur recovery unit forced offline after an isocracker 2 process unit started up in the second stage.
In a filing with the Toledo Division of Environmental Services, BP said when the ISO-2 Process Unit started up it “resulted in a carryover of light hydrocarbons” leading to the sulfur recovery unit being shut down.
According to the filing, isocrackers, which are used to change heavier hydrocarbons into lighter fuels, were temporarily lowered while the thermal oxidizer and sulfur recovery unit were restarted.
The plant is able to process up to 160,000 barrels a day.
Showing posts with label Husky Energy. Show all posts
Showing posts with label Husky Energy. Show all posts
Thursday, October 7, 2010
Wednesday, September 8, 2010
Enbridge (NYSE:ENB) Building BP (NYSE:BP), Husky (TSE:HSE) Project Pipeline
Enbridge Inc. (NYSE:ENB) has landed the deal to build a pipeline for BP (NYSE:BP) and Husky Energy Inc (TSE:HSE) to transport oil from their Sunrise Oil Sands project.
The largest pipeline builder in the oil sands region, this deal for Enbridge will bring them $456 million, for the 70-mile long line. It will extend from the project site to its Cheecham terminal.
Estimates are the pipeline will be completed by 2013, and will start carrying approximately 90,000 barrels a day, but ultimately will transport 270,000 barrels a day, as production at the site increases.
To meet the growing supply, Enridge also has plans to increase the number of tanks to store the oil at the terminal.
Increasing oil production in the region is helping Enbridge land more jobs, as they're going to expand a line for Cenovus Energy Inc. (NYSE:CVE) at C$185 million, and also will construct another line for Suncor Energy Inc. (NYSE:SU), getting paid C$370 for that job.
The largest pipeline builder in the oil sands region, this deal for Enbridge will bring them $456 million, for the 70-mile long line. It will extend from the project site to its Cheecham terminal.
Estimates are the pipeline will be completed by 2013, and will start carrying approximately 90,000 barrels a day, but ultimately will transport 270,000 barrels a day, as production at the site increases.
To meet the growing supply, Enridge also has plans to increase the number of tanks to store the oil at the terminal.
Increasing oil production in the region is helping Enbridge land more jobs, as they're going to expand a line for Cenovus Energy Inc. (NYSE:CVE) at C$185 million, and also will construct another line for Suncor Energy Inc. (NYSE:SU), getting paid C$370 for that job.
Thursday, September 2, 2010
Talisman (NYSE:TLM) Selling Assets to Husky (TSE:HSE)
While most assumed it to be so, Talisman Energy Inc. (NYSE:TLM) has let it be known that they are the company selling natural gas assets to Husky Energy Inc. (TSE:HSE).
The original announcement by Husky was they were acquiring an asset which produced about 65 million cubic feet of gas a day, pointing to Talisman, although not confirmed by Husky at the time.
Production from the acquisition will be about 37 million barrels oil equivalent of proven reserves and 11.7 million of probable reserves.
On a daily basis that would energy equivalent to 10,800 barrels a day.
Recent gas-weighted have on average brought close to $45,000 per flowing barrel of oil equivalent, making this deal at somewhere between $400 million to $500 million.
Husky is controlled by billionaire Li Kashing, based in Hong Kong.
The original announcement by Husky was they were acquiring an asset which produced about 65 million cubic feet of gas a day, pointing to Talisman, although not confirmed by Husky at the time.
Production from the acquisition will be about 37 million barrels oil equivalent of proven reserves and 11.7 million of probable reserves.
On a daily basis that would energy equivalent to 10,800 barrels a day.
Recent gas-weighted have on average brought close to $45,000 per flowing barrel of oil equivalent, making this deal at somewhere between $400 million to $500 million.
Husky is controlled by billionaire Li Kashing, based in Hong Kong.
Thursday, May 20, 2010
Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Encana (NYSE:ECA), Awarded Oil Exploration Licenses from Greenland
Greenland has awarded major oil companies like Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Encana (NYSE:ECA) and Husky Energy (TSE:HSE), among others, licenses to explore its offshore and onshore regions for oil and gas.
According to an estimate from a US Geological Survey in 2009, there could be up to 50 billion barrels of oil in Greenland. Even so, that's much lower than prior estimates from the USGS, which have been as high as 160 billion barrels of reserves.
The right conditions are there for the people of Greenland to support the venture, as they want to gain independence from Denmark, which at this time they are a dominion of.
Citizens of Greenland receive over $10,000 each form Denmark at this time, and it's estimated that one good oil field would replace that for the residents, which number about 56,000.
According to an estimate from a US Geological Survey in 2009, there could be up to 50 billion barrels of oil in Greenland. Even so, that's much lower than prior estimates from the USGS, which have been as high as 160 billion barrels of reserves.
The right conditions are there for the people of Greenland to support the venture, as they want to gain independence from Denmark, which at this time they are a dominion of.
Citizens of Greenland receive over $10,000 each form Denmark at this time, and it's estimated that one good oil field would replace that for the residents, which number about 56,000.
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