Friday, November 8, 2024

Refineries Coming Back Online after Harvey

15 out of 20 refineries are back to normal levels after Harvey; Irma-caused power outages interrupted natgas demand The impacts of Hurricane Harvey are slowly fading, as companies work to bring operations back to normal. Hurricane Harvey plowed into the heart of the U.S. refining industry, forcing many large facilities offline. According to IHS, 20 refineries were significantly affected. Some

Halcon Completes Shift to Delaware, Puts Williston in the Rearview Mirror

Final 2,280 BOEPD sold for $110 million Halcon Resources (ticker: HK) announced the sale of its non-operated Williston basin assets today, completing its shift to a pure-play Delaware operator. Halcon currently holds interests in several non-operated Williston basin properties that were left over from its Williston sale earlier this year. Halcon’s share of production from these assets is currently about

India’s Reliance Plans Major Expansion at World’s Largest Oil Refinery Complex

From Reuters India’s Reliance Industries, operator of the world’s largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter. Reliance may expand the capacity at its dual refinery complex in Jamnagar in the western Indian state of Gujarat by 30 million tonnes a year to 100