Refined Products Archives - Page 19 of 32 -

Gulf Coast oil and gas expansion will generate half a billion annual tons of emissions in U.S.: report

January 15, 2020

Houston Chronicle More than half a billion tons of additional greenhouse gas emissions per year — equivalent to 8 percent of total U.S. emissions — may be generated by new oil, gas and petrochemical facilities in Texas and Louisiana, University of Texas researchers estimate. New petrochemical plants, liquefied natural gas export terminals and refineries being built along the coasts of Texas and

CVR Energy Announces Pricing of $1.0 Billion Private Placement of 5.250% Senior Notes due 2025 and 5.750% Senior Notes due 2028

January 10, 2020

CVR Energy Announces Pricing of $1.0 Billion Private Placement of 5.250% Senior Notes due 2025 and 5.750% Senior Notes due 2028

Shell brings fuel to Mexico in push for 15% of retail market

January 9, 2020

Houston Chronicle Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete. The Anglo-Dutch oil major, which already owns about 200 gasoline stations in 12 states in Mexico, plans to grow its share of the retail fuel market to as much as 15% from 1%

ExxonMobil responds to verdict in suit by New York Attorney General

December 10, 2019

Exxon ExxonMobil today issued the following statement in response to the verdict from the Supreme Court of the State of New York: “Today’s ruling affirms the position ExxonMobil has held throughout the New York Attorney General’s baseless investigation. We provided our investors with accurate information on the risks of climate change. The court agreed that the Attorney General failed to make

India’s Modi says Saudi to invest in India’s downstream oil, gas projects

October 29, 2019

Reuters Prime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, a move that would also help the world’s top oil exporter find a stable outlet for its crude. Modi, who is on a two-day visit to Riyadh to participate in

U.S. sanctions on COSCO hit LNG tankers in Russia’s Arctic

September 30, 2019

From Reuters U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG (TGP.N) said its shipping joint venture in Russia had been “blocked” because of its ties to COSCO. The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO Shipping Tanker (Dalian) Seaman

East Texas refineries shut key units, cut back production after Imelda

September 20, 2019

Source: Reuters – East Texas refineries shut key units on Thursday night and cut production after Tropical Storm Imelda brought days of heavy rain over the region, rivaling the inundation from 2017’s Hurricane Harvey. More than 40 inches (102 cm) of rain fell on Thursday across Jefferson County, which includes Beaumont and Port Arthur. Exxon Mobil Corp shut the large

Tailwater Capital Announces Commitment of $150 Million to Triten Energy Partners

September 19, 2019

Commitment Furthers Tailwater’s Downstream-Adjacent Investment Strategy Tailwater Capital LLC (“Tailwater”), an energy-focused private equity firm based in Dallas, today announced an equity commitment of $150 million to Triten Energy Partners (“TEP”, “Triten” or the “Company”), a newly established Company based in Houston pursuing downstream infrastructure projects. TEP will develop and acquire downstream facilities related to producing valuable fuels and chemicals

New Permian Gas Pipelines Will Reduce Flaring, But What About Prices?

September 9, 2019

From Forbes The NYMEX Henry Hub price for natural gas has firmed up in recent weeks, rising over the $2.50/Mmbtu mark in early September 9 trading thanks to the ongoing heat wave in Texas and other states where natural gas provides a high percentage of power generation. While that price is low in the context of the past 20 years,

Saudi Aramco signs MoU with China’s Zhejiang Free Trade Zone

September 5, 2019

From Reuters Oil producer Saudi Aramco signed a memorandum of understanding (MoU) with China’s Zhejiang Free Trade Zone in eastern China to expand downstream investment, the company said in a statement on Thursday. Saudi Aramco, the world’s top oil exporter, bought a 9% stake in a 800,000 barrel-per-day complex built by Zhejiang Petrochemical, majority owned by private firm Zhejiang Rongsheng

Houston pipeline operators expand footprint in Colorado’s DJ Basin

September 3, 2019

From The Houston Chronicle A joint venture between two Houston pipeline operators is expanding its footprint in Colorado’s DJ Basin. Black Diamond Gathering, a joint venture between Noble Midstream Partners and Greenfield Midstream, has entered into a pair of deals that expand its oilfield footprint to 243,000 acres. Noble Energy and Black Diamond recently agreed to ship crude oil on

SEACOR Marine Announces Departure of COO - Oil & Gas 360

Galveston Company Enters Race to Supply IMO 2020 Fuels

August 28, 2019

From The Houston Chronicle With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter environmental regulations set to take affect in January. Texas International Terminals confirmed Wednesday reports from Reuters that it plans to

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