September 2, 2016

From BN Americas Argentine national oil company YPF reached a deal with EOG Resources to acquire the latter’s upstream Argentina assets for US$4mn. The assets comprise a 43.2% working interest in the Bajo del Toro and Cerro Avispa conventional E&P concessions in Neuquén province, YPF said in a statement. YPF already was the 46.8% WI operator of the two areas, which produced a combined

From PetroChemical Update A slowdown in U.S. rail-freight transportation has done nothing to dampen enthusiasm for chemicals, which is one of just three commodity categories to enjoy an increase in rail traffic this year.   The number of carloads transporting chemicals (which includes petrochemicals and petrochemical derivatives, as well as chemicals not derived from petroleum or natural gas) hit 1.05

From the Houston Business Journal Houston-based Enterprise Products Partners LP (NYSE: EPD) announced Sept. 1 that the M/V JS INEOS Intrepid had set sail with the first ethane export out of the company’s newest terminal at Morgan’s Point. The terminal is the largest of its kind in the world and has been in the works since 2014. By the end of the year, the