Thursday, January 30, 2025

U.S. Refiners Open Export Spigot to Meet Latin American Need

From Bloomberg: U.S. refiners exported record amounts of oil products last week, taking market share from struggling competitors in Mexico and the Caribbean. Almost 4 million barrels a day of gasoline, distillates like diesel and heating oil, and propane left the country as refiners in Texas and Louisiana processed the most crude in at least 24 years. Demand has grown

Oil and Gas Explorers Headed for IPO Are Finding Buyers Circling

From Bloomberg: As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With prized assets in the industry’s promised lands, not all of them make it that far. In the past month alone, two explorers that were headed for an initial public offering have instead become prey

Draft environmental statement on Dominion’s Atlantic Coast Pipeline released

From Richmond Times-Dispatch: A draft environmental impact statement issued today for the Federal Energy Regulatory Commission says Dominion’s proposed 600-mile Atlantic Coast Pipeline would have “some adverse and significant environmental impacts,” most of which would be reduced to “less-than-significant levels” with mitigating measures proposed by the partners building the pipeline and recommendations by the commission’s staff. The statement’s executive summary,