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
Chevron Likes Idea of Buying or Building its Own Houston Refinery for West Texas Light Oil
October 11, 2018
Houston ship channel location “could make a lot of sense” From the Houston Chronicle Chevron said Wednesday it’s interested in either buying or building an oil refinery in the Houston area to process its booming production from West Texas’ Permian Basin. Chevron is the nation’s second-largest energy company, but it doesn’t have any Texas refineries. Outside of the West Coast,
50 Cranes and Counting at Shell’s Pennsylvania Polyethylene Mega-Plant
October 9, 2018
From the Pittsburgh Business Times Work continues to ramp up at Shell’s petrochemical plant being built in Beaver County, with about 50 cranes on the site, including some of the world’s largest. There are so many cranes that they all can’t be seen in one view on the site, said Michael Marr, Shell’s business integration lead who provided an update on
Moody’s is All Aboard for Precision Railroading, But as to Shippers…
October 3, 2018
From FreightWaves Let’s hear it for precision railroading. That’s the message of a recent report by Moody’s Investors Service, one of the leading debt rating agencies, about the system pioneered by the late Hunter Harrison at Canadian Pacific (NYSE: CP) and now being implemented at CSX (NYSE: CSX) . As the report notes, with it also in place at Canadian
EPA Adds Transparency to Soften Feud Between Oil and Farmers re Ethanol Mandate
September 25, 2018
RIN tracking for oil refineries, and waivers for economic harm to small refineries From Bloomberg President Donald Trump’s Environmental Protection Agency is taking a step to boost transparency for the country’s ethanol mandate, a move that could draw rare mutual applause from both farmers and oil refiners. On Thursday, the EPA unveiled a website that tracks prices for Renewable Identification
Shareholders of Marathon and Andeavor Approve Strategic Combination
September 24, 2018
At special meetings today, shareholders of both Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) voted to approve the strategic combination of MPC and Andeavor. MPC shareholders approved the issuance of shares of MPC common stock and Andeavor shareholders approved the adoption of the previously announced agreement and plan of merger. MPC’s proposal to issue shares in connection with
Robust Ethane Supplies from U.S. Shale Boom Drive Chemical Plant Investment to $200 Billion
September 11, 2018
U.S. chemical, plastics plant investment of $202 billion is direct result of shale gas growth: ACC The American Chemistry Council (ACC) released data today and the trade group has determined that U.S. chemical and plastics industry investment linked to plentiful and affordable domestic supplies of natural gas and natural gas liquids (NGLs) from shale has surpassed $200 billion. Summary: Since 2010,
Refiners Struggle As Low-Sulphur Upgrade Nears $1 Billion Per Plant
August 29, 2018
From gCaptain/Reuters (Reuters) – Global energy trader Gunvor Group has put on hold plans to upgrade its Rotterdam refinery that intended to make the plant more competitive ahead of new global rules on shipping fuel quality, it said on Tuesday, citing market conditions. Global oil and shipping companies are looking at options to cope with the new standards that come
U.S. Refineries: Near-Record High Inputs on Global, Domestic Gasoline, Distillate Fuel Oil Demand
August 13, 2018
For the week ending July 6, 2018, the four-week average of U.S. gross refinery inputs surpassed 18 million barrels per day (b/d) for the first time on record. U.S. refineries are running at record levels in response to robust domestic and international demand for motor gasoline and distillate fuel oil. Despite record-high inputs, refinery utilization as a percentage of capacity
Pipeline Bottlenecks Deliver High Refiner Margins
August 8, 2018
Record U.S. crude production and pipeline bottlenecks have helped to lower oil costs for refiners, boosting margins From the Wall Street Journal American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the cheap. Refining companies typically suffer as oil prices rise because drivers scale
