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EIA: rising North Dakota oil production and demand spurs two new small refineries

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One of two new small (20,000 bbl/d each) refineries being built in North Dakota broke ground this week, the US Energy Information Administration (EIA) noted in a brief. The Dakota Prairie facility is scheduled to be built in 20 months. North Dakota currently has one refinery, the Tesoro Mandan refinery located near Bismarck.

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Marathon Petroleum, ADM to form soybean oil JV to support renewable diesel production

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(MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC.

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Quantum Energy and Bilfinger Westcon partner to develop multiple refineries in the North Dakota-Montana Bakken formation

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Bilfinger Westcon is currently constructing a diesel refinery project in Dickinson, North Dakota expected to be completed around the end of this year. The design plan includes the capturing the CO 2 released form the facilities for use in Enhanced Oil Recovery (EOR) throughout the Bakken. Quantum Energy, Inc.

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Vantis and Thales partner to build US’ first statewide drone infrastructure network; BVLOS flights

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Vantis , North Dakota’s Statewide Unmanned Aircraft Systems Network, will partner with Thales as the long-term systems integrator to build out the UAS (drone) infrastructure across the state. Vantis infrastructure has been installed at key sites in western North Dakota, where testing is currently underway.

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Commentary: Could falling oil prices spark a financial crisis?

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The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. by Nick Cunningham of Oilprice.com.

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Opinion: The Dark Side Of The Shale Bust

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The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. But the bust is leaving towns like Williston, North Dakota stretched extremely thin as it tries to deal with the aftermath. By Nick Cunningham of Oilprice.com.

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$67 Oil Has All The Majors Converging in Argentina

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Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. per million Btu (MMBtu).

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