Downstream

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Management of refining giant Valero Energy Corp. painted a bullish picture for oil products demand on Thursday, citing low inventories and surging global natural gas prices among factors boosting healthy crack spreads for U.S. refineries. “Refining margins were supported by strong recovery in product demand coupled with product inventories falling to low levels during the…

October 22, 2021
Labor Clashes Intensify at Mexico’s Dos Bocas Refinery as AMLO Policies Questioned

Labor Clashes Intensify at Mexico’s Dos Bocas Refinery as AMLO Policies Questioned

Videos circulated on Wednesday of violent clashes between security forces and striking employees of construction firm ICA Fluor at the Dos Bocas oil refinery construction site in Mexico’s Tabasco state.  Workers reportedly are demanding better pay and working conditions before resuming work on the refinery, one of the flagship public works promoted by President Andrés…

October 13, 2021
Dow Readying Net-Zero Ethane Cracker in Alberta

Dow Readying Net-Zero Ethane Cracker in Alberta

Dow Inc. announced a plan Wednesday to develop a net-zero carbon emissions ethane cracker for an industrial customer in Alberta as a capacity expansion by its Fort Saskatchewan complex northeast of the provincial capital in Edmonton. The cracker, fueled by natural gas, would be capable of producing 1.8 million tons/year of ethylene. Environmental renovations of…

October 11, 2021
Cenovus Swings to Profit on Rising Prices, Refinery Demand

Cenovus Swings to Profit on Rising Prices, Refinery Demand

Rising consumer demand for fuels from an expanded refinery and retail chain as the Covid-19 pandemic faded helped propel sharply improved financial performance by Cenovus Energy Inc. in the first six months of this year. The Calgary firm’s downstream chain of 1,073 service stations and five U.S. refineries – two in Ohio and one each…

August 2, 2021
ExxonMobil Looks to Add Jobs, Cut Emissions at Louisiana Refinery Complex in Baton Rouge

ExxonMobil Looks to Add Jobs, Cut Emissions at Louisiana Refinery Complex in Baton Rouge

ExxonMobil on Wednesday sanctioned a $240 million-plus investment to improve its Baton Rouge, LA, refinery operations, which include installing technology to reduce emissions. Project construction is expected to begin later this year at the refinery, which has crude capacity of about 517,000 b/d.  The new suite of projects are geared toward improving processing capability, flexibility…

June 10, 2021
U.S. Petroleum Refining Capacity Drops Alongside Demand-Killing Pandemic

U.S. Petroleum Refining Capacity Drops Alongside Demand-Killing Pandemic

After reaching record levels in 2019, U.S. petroleum refining capacity tapered off substantially this year as several refineries closed amid demand declines hastened by the coronavirus pandemic, federal data posted Thursday showed. As of Sept. 1, the latest available data, the United States had 18.4 million bbl per calendar day (b/cd) of operable petroleum refining…

December 11, 2020
Flooding, EPC Co. Pullout Raise Doubts At Mexico’s Flagship Energy Project

Flooding, EPC Co. Pullout Raise Doubts At Mexico’s Flagship Energy Project

Progress at Mexico’s biggest energy infrastructure project, the Dos Bocas refinery in Tabasco state, was slowed this week by heavy rains that flooded the construction site, adding to mounting criticism that the project as currently designed is a drain on state funds and part of a poorly designed energy policy. Analysts at Eurasia Group on…

September 22, 2020
Andros Eyeing Domestic Upstream, Downstream Opportunities with $250M Fund

Andros Eyeing Domestic Upstream, Downstream Opportunities with $250M Fund

Houston-based Andros Capital Partners said Tuesday it has completed an inaugural $250 million fund to target investments across the energy sector. The private equity firm, founded earlier this year by managing partner Phillip A. Gayle Jr., is considering “private equity investments, credit opportunities and direct asset-level investments” for the Andros Energy Capital LP fund. Middle-market…

August 18, 2020
Trump Administration’s NEPA Update to Limit Federal Infrastructure Review for Natural Gas, Oil Pipelines and More

Trump Administration’s NEPA Update to Limit Federal Infrastructure Review for Natural Gas, Oil Pipelines and More

The White House’s Council on Environmental Quality (CEQ) on Wednesday announced a final rule updating the National Environmental Policy Act (NEPA) regulations, a controversial move designed to limit reviews of proposed infrastructure projects, including natural gas and oil pipelines. The final rule would modernize environmental reviews, streamline infrastructure approvals and “reverse years of burdensome overregulation…

July 16, 2020
FERC Turns Away Enviro Request for Rehearing of Mountaineer XPress, Gulf XPress Authorizations

FERC Turns Away Enviro Request for Rehearing of Mountaineer XPress, Gulf XPress Authorizations

FERC has denied a request from three environmental groups to rehear a 2017 order authorizing the Mountaineer XPress and Gulf XPress projects, a pair of TransCanada Corp. efforts to increase natural gas pipeline capacity out of the Appalachian Basin by expanding the company’s Columbia Gas Transmission LLC’s system.

March 30, 2020
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