The total number of rigs actively drilling in the United States rose by ten this week, reaching 884, according to the latest rig count from Baker Hughes (ticker: BHI). The number of …
Imports of medium-grade crude oil to Gulf Coast refineries were down 45% in the first quarter of 2015 compared with the first quarter of 2014, reports the …
PBF Energy (ticker: PBF) announced today that its subsidiary has signed an agreement to purchase Chalmette Refining, LLC in New Orleans, Louisiana for $322 million plus working capital including inventory …
Integrated oil and gas companies saw much higher profits from their refining operations in the first quarter of this year than in Q1 …
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), …
Valero Energy (ticker: VLO), the largest refiner in the United States with throughput capacity of 2.90 MMBOPD, reported net income of $964 million, or $1.87 per share, in its Q1’15 results …
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 …
Refineries in the United States are relying on domestically produced crude oil now more than any other time since 1986. Domestic production and imports from Canada and Mexico made up 85% …
As if the dwindling rig counts, record inventories and falling temperatures weren’t enough for the oil and gas industry, another complication is arising at the tail-end of the system. Strikes spearheaded by the United Steelworkers …
Indonesia’s state-run energy firm Pertamina signed Memorandums of Understanding (MOUs) with three global oil refinery operators – Saudi Aramco, Japan’s JX Nippon Oil & Energy and China Petroleum and Chemical Corp (Sinopec) – to upgrade Indonesia’s aging oil refineries on …
Avoiding Downtime During Winter Freeze is the Goal
Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in …
Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player …
United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning …
North Dakota crude will arrive at Delta’s in-house refinery by rail
Delta Airlines (ticker: DAL), through its refining subsidiary Monroe Energy LLC, has inked a deal with midstream supplier Bridger LLC to supply 65,000 BOPD of Bakken crude oil to …
The Energy Information Administration reported a draw of 7.525 million barrels in crude oil inventories in its Weekly Petroleum Status Report for the period ended July 11, 2014. The drop is the largest since a January 11, 2014 draw of …
