Post Tagged with: "Downstream"

Source: Crestwood Equity Partners

Crestwood Bolsters its Midstream Assets in the Bakken

By Tyler Losier, Energy Reporter, Oil & Gas 360

Commercial operations begin at the Bear Den II processing plant
Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

Japan’s Osaka Gas to Acquire Haynesville Shale-Focused American E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360

Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation
Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil &

Source: Utica East Ohio

Ohio Snags $74 Billion from Shale Investment Since 2011

Ohio home to $4.6 billion in shale industry investment in the first half of 2018 - new CSU study
Total investment in Ohio’s resource rich shale energy sector has reached $74 billion since tracking began in 2011, according to a

Big Crude Oil Margins Should Boost U.S. Refiner Earnings

Big Crude Oil Margins Should Boost U.S. Refiner Earnings

From Reuters

U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road.

U.S. independent …

Aramco Expands and Signs Downstream Deals

Aramco Expands and Signs Downstream Deals

From Reuters

Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.…

Enterprise Rings in Q1 with $912 Million

Enterprise Rings in Q1 with $912 Million

Enterprise Products Partners L.P. (ticker: EPD) recorded the first quarter of 2018 with a net income of $912 million, or $0.41 per share. Last year, in Q1 2017, the company reported a net income of $761 million, or $0.36 per …

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Deal will create the largest U.S. refiner

Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares, representing a total equity value of $23.3 …

Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …

EnerCom Dallas 2018 Presenter: Alta Mesa Resources, Inc.

EnerCom Dallas 2018 Presenter: Alta Mesa Resources, Inc.

Alta Mesa Resources, Inc. is a new company that was announced on August 16, 2017 that will combine Silver Run Acquisition Corporation II, Kingfisher Midstream, LLC and Alta Mesa Holdings, LP. The company has its asset base concentrated in the …

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

CorEnergy Infrastructure Trust, Inc. (ticker: CORR) holds the unique position of being the first publicly listed Real Estate Investment Trust that has a focus specifically in energy infrastructure. The company owns midstream and downstream assets, including pipelines, storage terminals, and …

Long Bets on Oil Increase as Summer Approaches

Long Bets on Oil Increase as Summer Approaches

Refinery utilization hits 90.8%, the highest since the first week of the year

U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase the number of long bets on oil.

Utilization is expected to …

Mexico Delays Next Phase of Auctions as Fuel Scarcity Increases

Mexico Delays Next Phase of Auctions as Fuel Scarcity Increases

Mexico will announce the winners in the second round of offshore auctions three months later than expected

Mexico will delay the announcement of winners for Round 2 of its oil and gas auction in order to allow more companies to …

Tesoro Becomes the Fifth-Largest U.S. Refiner with $6.4 Billion Acquisition

Tesoro Becomes the Fifth-Largest U.S. Refiner with $6.4 Billion Acquisition

Tesoro Corporation purchases Western Refining

Tesoro Corporation (ticker: TSO) announced a definitive agreement Thursday under which it will acquire Western Refining Inc. (ticker: WNR) at an implied current price of $37.30 per Western share in a stock transaction, representing a …

November 17, 2016 - 6:44 pm Closing Bell Story‎, Downstream, Oil and Gas 360 Articles
The Fuel Mandate that Could Sway Refineries’ Appetites to Lighter Crude

The Fuel Mandate that Could Sway Refineries’ Appetites to Lighter Crude

International Maritime Organization legislation looks to lower emissions from ships to 0.5% from 3.5% by 2020

A push for cleaner fuels in the world’s maritime industry could drastically change the appetite of the world’s refineries, and the producers of …

November 8, 2016 - 6:14 pm Closing Bell Story‎, Downstream, LNG, Oil and Gas 360 Articles
Ethanol’s Travels

Ethanol’s Travels

The EIA released new data on ethanol’s and biodiesel’s movements by rail. Unlike other liquid fuels that are most commonly transported by pipeline, ethanol and biodiesel are more often transported by rail because both fuels attract water and other impurities …

Western Refining Pitches $2.56 Billion Buyout Offer for Northern Tier Energy

Western Refining Pitches $2.56 Billion Buyout Offer for Northern Tier Energy

Purchased First NTI Stake in 2013

Western Refining (ticker: WNR) is attempting to enhance its Midwest footprint, proposing a $2.56 billion buyout deal of Northern Tier Energy LP (ticker: NTI). WNR already owns 100% of the partnership and 38% of …

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint.

On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a …

Hess Battles $1.5 Billion Suit Over Closed Refinery in the U.S. Virgin Islands

Hess Battles $1.5 Billion Suit Over Closed Refinery in the U.S. Virgin Islands

The U.S. Virgin Islands filed a lawsuit against Hess Corp. (ticker: HES) for approximately $1.5 billion, saying the company violated its contract by shuttering its refinery in St. Croix.

Prior to being shuttered, the facility was once the world’s largest …

September 16, 2015 - 3:49 pm Downstream, International, Oil and Gas 360 Articles
Total Divests $1.3 Billion of Assets in a Week

Total Divests $1.3 Billion of Assets in a Week

Total sells North Sea midstream assets

On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). …

China Grants Crude Imports to Independent Refiners

China Grants Crude Imports to Independent Refiners

Allowing independent refiners to import could boost demand

China’s Ministry of Commerce announced today that it will grant licenses to two independent refineries to directly import crude oil as the country works to allow more room for independent players in …

August 10, 2015 - 7:02 pm Downstream, International, Oil and Gas 360 Articles
Source: XOM

Refinery Inputs Reach Record-High 17 Million Barrels per Day

The rolling four-week average of refinery inputs exceed the five-year average every week this year

Gross inputs to U.S. refineries exceed 17 million barrels per day (MMBOPD) in each of the past four weeks, the highest level of refinery inputs

August 7, 2015 - 11:37 am Downstream, Oil and Gas 360 Articles
Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

International oil majors were burned but also warmed by low oil prices in Q2; and their new projects are moving forward

The second quarter has been tough for international oil majors like ExxonMobil (ticker: XOM), Chevron (ticker: CVX) and Royal …

Source: XOM

Quantum Energy Commits to 40 MBOPD Refinery as Downstream Enjoys Stronger Margins

Partnership with Native Son Holdings set to build refinery in North Dakota

Quantum Energy (ticker: QEGY) and Native Son Holdings announced that they plan to form a joint venture in order to construct and operate a 40,000 barrel per day …

July 28, 2015 - 2:07 pm Commodity Pricing, Downstream, Oil and Gas 360 Articles
European Refiners Looking Forward to Receiving Iranian Crude

European Refiners Looking Forward to Receiving Iranian Crude

Lower prices for Iran’s oil mean better margins for refiners, competition for Russia

Refineries across Europe are anticipating the return of Iranian crude oil to their operations, and the potentially higher margins as added crude pushes prices down further. Approximately …

July 16, 2015 - 7:00 pm Downstream, International, Oil and Gas 360 Articles, OPEC
Russia Strengthening Ties with Vietnam

Russia Strengthening Ties with Vietnam

Russia buys 49% stake in Vietnamese refinery

Gazprom Neft (ticker: GZPFY), the oil arm of Russian state-owned Gazprom (ticker: OGZPY), and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to strengthen ties between the oil and …

April 8, 2015 - 5:47 pm Downstream, International, Oil and Gas 360 Articles
Independent Refiners: Western Refining Reports Q4

Independent Refiners: Western Refining Reports Q4

Western Refining reports fourth quarter results

Western Refining Inc. (ticker: WNR) today reported its fourth quarter 2014 results. The company reported net income of $116.8 million, or $1.19 per diluted share. This represents a 51% increase from the company’s …

February 26, 2015 - 1:10 pm Downstream, Oil and Gas 360 Articles
Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

Refineries, Gasoline Prices Experiencing the Silver Lining of Commodity Environment

United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to …

Hess Corporation sells Energy Marketing business for $1.025 billion to Direct Energy

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

Hess …

July 31, 2013 - 10:04 am Midstream, Oil and Gas 360 Articles