Petrochemical

reuters.com - Erwin Seba and Devika Krishna Kumar - August 31st 2017

Tropical Storm Harvey’s impact on the energy industry spread worldwide as flooded U.S. refiners and closed fuel pipelines threatened to squeeze national supply, roiling global fuel markets and rerouting millions of barrels of fuel to the Americas to avert shortages.

The storm, which lashed Louisiana with rain on Thursday, has pummeled the U.S. Gulf Coast, immersing Houston, Texas, and the surrounding area in several feet of water and forcing the closure of about a quarter of U.S. refining capacity.

Benchmark U.S. gasoline prices RBc1 and margins RBc1-Clc1 surged anew on Thursday.

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A hole in the basin near Taylor Bayou created a shift in the dirt and the wall where the levee exists, County Judge Jeff Branick tells KFDM/KBTV. It is not clear what caused the hole. There is no timetable for repairs but workers are attempting a temporary fix. They were building a pad at the levee late Monday morning. There is also no official cost estimate of the fix. The levee is close to the Valero docks. (KFDM/KBTV photo)

kfdm.com - by Angel San Juan and Brandon Scott - August 7, 2017

A failed levee near Taylor Bayou could compromise a portion of Jefferson County south of Beaumont - mainly Port Arthur and its surrounding refineries - if a tropical storm or hurricane hit the area, according to the U.S. Army Corps of Engineers.

In a news release dated Aug. 4, the Corps states it was notified by Jefferson County Drainage District-7 of a failure of a section of floodwall near Taylor Bayou last Tuesday morning.

A hole in the basin created a shift in the dirt and the wall where the levee exists, County Judge Jeff Branick tells KFDM/KBTV.

nola.com - by Mark Schleifstein - July 28, 2017

Twelve years after Hurricane Ivan destroyed a Taylor Energy Co. platform in the Gulf of Mexico, the federal government has finally started investigating how oil and gas that is still leaking from its wells damages natural resources. The flow of oil, "if left unchecked, could continue for 100 years or more," says the Bureau of Safety and Environmental Enforcement, the Interior Department agency that oversees gulf drilling.

Although the storm waylaid Taylor Energy's MC-20 Saratoga platform on Sept. 15, 2004, it was not until late 2016 that the government began its inquiry, and not until Thursday (July 27) that the National Oceanic and Atmospheric Administration confirmed the investigation. 

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Hybrid and electric cars, like this Renault, make up about 5% of the French car market - Reuters

bbc.com - July 6, 2017

France is set to ban the sale of any car that uses petrol or diesel fuel by 2040, in what the ecology minister called a "revolution".

Nicolas Hulot announced the planned ban on fossil fuel vehicles as part of a renewed commitment to the Paris climate deal.

He said France planned to become carbon neutral by 2050.

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ALSO SEE RELATED ARTICLE HERE - France to ban sales of petrol and diesel cars by 2040

ALSO SEE RELATED ARTICLE HERE - France to Ban Sales of Gas, Diesel Vehicles by 2040