Exxon FIDs Polypropylene Unit for its Baton Rouge Operations
March 1, 2019
ExxonMobil to Fund Polypropylene Unit to Expand Baton Rouge Operations
U.S. Chemical Production on Gulf Coast Starts New Year with a Gain
February 26, 2019
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.3 percent in January, following a 0.6 percent gain in December and a 0.2 percent gain in November. During January, chemical output rose across all regions, with the largest gains in the Gulf Coast region. Chemical production was mixed over the three-month period.
Plan to Refine Permian Oil at Home: Meridian Shoots to Build Second Refinery
February 12, 2019
Almost half of all U.S. crude oil production from onshore basins comes from the Permian Basin according to the EIA. We’re talking about a massive amount of daily oil production–3.8 million barrels per day. And now a home-based Permian refinery has landed on the drawing boards that aims to start processing West Texas light oil at home in the heart
World-class Alberta Petrochemical Plant Gets Positive FID
February 4, 2019
Pembina Pipeline Corporation Announces Positive Final Investment Decision on an Integrated Petrochemical Facility
Davis Refinery Permit Upheld by North Dakota District Court
January 29, 2019
All four appeals were ruled in favor of Meridian A North Dakota District Court has upheld the Permit to Construct for the Davis Refinery from Meridian Energy Group, Inc. The permit was issued on June 13, 2018 as a Synthetic Minor Source. The PTC issued by the North Dakota Department of Health – Air Quality Division was challenged after a thorough
Sempra Energy to Sell 42 Bcf of NatGas Storage to ArcLight Capital Partners
January 2, 2019
Sempra Energy Subsidiary To Sell U.S. Natural Gas Storage Assets To ArcLight Capital Partners
Shell Will Increase Vaca Muerta Shale Production
December 28, 2018
Shell Argentina invests to increase shale output after selling downstream assets
Saudi Arabia May Target U.S. Refiners with 40% Oil Export Cut
December 14, 2018
From Bloomberg After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks, in an effort to dampen visible build-ups in crude inventories. U.S. refineries given notice to expect lower shipments from Saudi in January; cut could test 30-year low American-based oil refiners have been told to
The U.S. Imports More Oil from Canada than All OPEC Countries Combined
December 11, 2018
80% of the imported Canadian oil is heavy oil According to EIA data, in 2017, the United States imported approximately 7.969 MMBOPD of all grades of crude oil from about 80 countries. The EIA calculates that 3.117 MMBOPD came from OPEC countries and 3.446 MMBOPD came from Canada in 2017. According to a new report out today from IHS Markit, U.S.
Inter Pipeline Announces $1.46 Billion CapEx Program for 2019
December 3, 2018
Inter Pipeline Announces Capital Expenditure Program for 2019
‘Colossal Collapse’ in Gasoline Prices Expected Heading into Midterm Elections
November 2, 2018
From USA TODAY Gasoline prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states. The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices. Oil Price Information Service analyst Tom Kloza said it could amount to
Exxon Preps Texas Refinery for Vastly Expanded Shale Oil Refining
October 26, 2018
Exxon expansion plans would yield total refining capacity of ~665,000 BPD – with FID, Beaumont would become largest U.S. refinery From Reuters HOUSTON (Reuters) – Exxon Mobil Corp has begun groundwork at a Texas refinery that would become the largest in the United States in advance of a final investment decision on the expansion, three sources familiar with Exxon’s plans
