From Reuters Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at least one cargo in recent months, according to sources from state-run oil company PDVSA. Phillips 66 (PSX.N) has also asked for price discounts for other shipments of
From the Pittsburgh Business Journal EQT Corp. has named an oil and gas industry veteran and former CEO of Gulf Oil LP to lead its midstream division. Jeremiah J. Ashcroft III, 45, will become senior vice president of EQT and president, midstream, of EQT Corp. (NYSE: EQT), as well as senior vice president and COO of EQT Midstream Partners LP
From the Houston Business Journal Genesis Energy LP (NYSE: GEL), a Houston-based midstream master limited partnership, will buy Connecticut-based Tronox Ltd.’s (NYSE: TROX) alkali chemicals business for $1.325 billion in cash, the companies announced Aug. 2. The deal is expected to close by the end of the year. The alkali business is composed of Tronox’s trona and trona-based exploring, mining, processing,
Eclipse: utilities plan to fill gaps with natural gas, hydro: EIA On August 21, a solar eclipse will obscure the sunlight needed to generate electricity at approximately 1,900 utility-scale solar photovoltaic (PV) power plants in the United States. However, relatively little solar PV capacity lies in the path of totality—where the sun will be completely obscured by the moon—and the
