Refinery

NuStar to Expand Products Capacity on Texas-to-New Mexico Pipeline

NuStar to Expand Products Capacity on Texas-to-New Mexico Pipeline

Midstreamer NuStar Energy LP has unveiled plans to boost capacity by 6,000 b/d on a 293-mile refined products pipeline that runs from the Panhandle in Texas to Albuquerque, NM. The San Antonio-based limited partnership said Wednesday it would upgrade pump stations on the 17.2 million b/d Amarillo-to-Albuquerque Pipeline, which it jointly owns with Phillips 66…

March 5, 2021
Phillips 66 Eyeing Energy Transition, with Oil and Gas Recovery Hinging on Return to ‘Normal’

Phillips 66 Eyeing Energy Transition, with Oil and Gas Recovery Hinging on Return to ‘Normal’

Phillips 66 wants to exploit the technology base it has to advance a lower carbon business platform, while maintaining a strong balance sheet and returning value to shareholders. The Houston-based energy firm sharply reduced the 2021 capital expenditure (capex) budget to $1.7 billion, down from $3.1 billion last year. About $1.1 billion of sustaining capital…

February 4, 2021
Howard Energy to Add Corpus Christi Refinery Services Facility in Deal with MPLX Subsidiary

Howard Energy to Add Corpus Christi Refinery Services Facility in Deal with MPLX Subsidiary

San Antonio-based Howard Energy Partners (HEP) has agreed to acquire a refinery services facility in Corpus Christi, TX, from a subsidiary of MPLX LP, management announced Tuesday. HEP has executed an agreement to acquire the Javelina Facility, a treating and fractionation plant capable of extracting natural gas liquids, as well as olefins and hydrogen, from…

December 30, 2020
Light Oil Production Making Up Larger Share of U.S. Refinery Inputs

Light Oil Production Making Up Larger Share of U.S. Refinery Inputs

Light oil production continues to grow in the United States, rising 7% over the last four years to 57% of the total 1.24 million b/d of crude produced in 2019, according to the Energy Information Administration (EIA). U.S. light oil production grew to 6.7 million b/d last year, up from 5.8 million b/d in 2018,…

September 9, 2020
AMLO Set to Announce Energy, Infrastructure Economic Recovery Plan in Coming Weeks

AMLO Set to Announce Energy, Infrastructure Economic Recovery Plan in Coming Weeks

Mexico President Andrés Manuel López Obrador said during his morning press conference on Monday his government was planning to launch an infrastructure plan in the next two weeks. No details were provided, but immediately prior to the coronavirus shutdown a long-awaited public-private infrastructure plan including energy projects worth close to $100 billion was expected to…

August 18, 2020
Shell Eyeing $15-22B in 2Q Impairments from Covid-19’s Crushing Impact to Demand, Prices

Shell Eyeing $15-22B in 2Q Impairments from Covid-19’s Crushing Impact to Demand, Prices

Royal Dutch Shell plc expects to impair up to $22 billion in the value of its global natural gas and oil assets for the second quarter, citing the challenges from Covid-19 that have slammed commodity prices and energy demand. The supermajor said it was adapting “to ensure the business remains resilient.” A revised forecast for…

June 30, 2020

Alberta Offers Financial Backing for Proposed Oilsands Refinery

The Alberta government offered a C$440 million ($330 million) loan guarantee Tuesday to a proposed refining customer for Canada’s top industrial natural gas user, thermal oilsands production.

January 23, 2019
Mexico President-Elect’s New Refinery Ballot Initiative Passes

Mexico President-Elect’s New Refinery Ballot Initiative Passes

Mexico’s incoming government plans to build an oil refinery in the city of Dos Bocas, Tabasco state, following a public vote on the project last weekend.

November 28, 2018
North Dakota Refinery Construction Stalled by Court Challenge

North Dakota Refinery Construction Stalled by Court Challenge

Construction on a crude oil refinery in North Dakota billed as the “cleanest” and first new U.S.-based facility in 50 years is ongoing despite a lawsuit that challenges the legitimacy of the state’s permitting process.

November 16, 2018

Harvey’s Impact on Eagle Ford ‘Difficult to Quantify,’ Says Raymond James

The Texas Gulf Coast was drying out Tuesday, more than a week after Harvey pummeled the region and dumped record rainfall across the Greater Houston area, the nation’s largest energy complex. The oil and natural gas industry was back to work after the Labor Day holiday, while experts were attempting to make sense of long-term impacts from the devastation.

September 5, 2017
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