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Downstream

Commissioners Certify Four Natural Gas Pipeline Projects, Continue Emissions Debate

Four natural gas pipeline projects were approved by FERC Thursday, but Commissioners continued their struggle to find common ground on their role in determining each project’s potential effects on greenhouse gas emissions and climate change.

December 20, 2019

ExxonMobil Boosts Permian Plans, Estimates Resource Base of 10 Billion Boe and ‘Likely to Grow’

Driven by the Permian Basin, ExxonMobil Corp. reported stronger upstream production and raised its projections in the play, but the solid operational news came as downstream and chemical results pulled first quarter profits down on “challenging industry margin environments.”

April 26, 2019

U.S. E&Ps Encouraged to ‘Think Beyond Drilling’ to Entice Investors

The energy sector, an underperformer in the S&P 500 since oil prices peaked in 2014, is facing a reckoning to entice investors after ending 2018 “solidly” in last place, according to Deloitte.

April 5, 2019

Chevron Increasing 2019 Capex, with $7.6B Focused on U.S. Upstream

Chevron Corp. has earmarked $20 billion for organic capital and exploratory spending in 2019, a near-$2 billion boost year/year, with $7.6 billion specifically targeting the U.S. upstream.

December 7, 2018

FERC’s Climate Review on Dominion Pipeline Under Fire

A phalanx of environmental and community organizations last Thursday asked FERC to reconsider approvals of enhancement work on the Dominion Energy Transmission Inc.’s New Market natural gas pipeline project in New York.

June 4, 2018

Pennsylvania Focused on Attracting More NatGas End-Users

Some of Pennsylvania’s leading private and public sector economic development organizations are stepping-up their efforts to expand markets for natural gas in the state as the upstream and midstream booms of years past are increasingly giving way to more downstream opportunities.

September 28, 2016
NatGas Cash, Futures Each Add A Few Pennies; July Settles Above $2.60

NatGas Cash, Futures Each Add A Few Pennies; July Settles Above $2.60

Gas for delivery Wednesday added a few pennies in trading Thursday as double-digit gains in the East, along with some help from firm Rockies quotes, were able to surpass weak pricing in California, Texas, and the Gulf Coast.

June 14, 2016
Promise of East-to-West Gas from Appalachia Spurring Infrastructure Boom

Promise of East-to-West Gas from Appalachia Spurring Infrastructure Boom

The natural gas infrastructure and market dynamics are likely to be altered significantly, operators said Tuesday in Chicago, if the on-going series of east-to-west projects continue to be built from the Marcellus and Utica shales to send new supplies to the Midwest, Canada and Gulf Coast markets.

September 16, 2015

GE Oil & Gas Bolting on Horsepower with Cameron Deal

GE Oil & Gas is buying Cameron’s reciprocating compression business for $550 million in a deal intended to leverage the expansion of shale gas development worldwide.

January 21, 2014

People

Ben van Beurden, 55, who was appointed downstream director and a member of the executive committee for Royal Dutch Shell plc in January, was named to succeed Peter Voser as CEO on Jan. 1 (see NGI, May 6). Van Beurden has been responsible for refining and marketing businesses, as well as overseeing the trading companies. He also is responsible for the petrochemicals manufacturing and marketing business, which has been eyeing expansions in the United States because of increased natural gas activity, as well as the gas-to-liquids business. He joined Shell in 1983 and has worked in Houston, the Netherlands, Africa, Malaysia and most recently, the UK. He is credited with helping to turn the petrochemicals operations to profitability after several quarters of big losses. The Dutch national earned a master’s degree in chemical engineering from Delft University of Technology in the Netherlands.

July 15, 2013