Refining

The lack of available storage options for natural gas and fuels continues to challenge the Mexican energy industry, leaving the country vulnerable in the event of supply interruptions, such as aberrational weather or unforeseen outages, executives said last week. Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey, stakeholders  in Mexico’s government and private…

Natural gas would become a stepping stone to produce renewable diesel fuel in Canada under a long-term contract between Imperial Oil Ltd. and Pennsylvania’s Air Products & Chemicals Inc. Air Products would extract hydrogen from natural gas, aka blue hydrogen, at its plant near Edmonton, which would be used by Imperial to manufacture 20,000 b/d…

SquareOne Energy LLC last month unveiled plans to build its first facility for recycling previously refined hydrocarbons into pipeline-compliant, on-road fuel products in the Philadelphia area, which it said would be the first of its kind. The project is to be developed at PBF Energy Inc.’s refined products terminal in Paulsboro, NJ, on the Delaware…

Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses the significant  link between natural gas prices and crude oil refining. In the podcast, Houston-based CEO Kevin Waguespack of the engineering consulting firm Baker & O’Brien Inc. outlines how high natural gas prices have affected oil refiners in the United…

ExxonMobil’s ability to invest through the pandemic enabled the supermajor to ramp up supply quickly as demand soared this year, with Permian Basin and LNG supply expanding, CEO Darren Woods said Friday. On the back of the Permian and a flood of investments in Guyana and liquefied natural gas projects worldwide, ExxonMobil’s deep pockets have…

For all the recent tension between the Biden administration and the sector, oil and natural gas heavyweights emerged from a summit with Energy Secretary Jennifer Granholm using words such as “constructive” and “optimistic” to size up talks aimed at boosting production in the face of tight global supplies. The meeting Thursday “was a constructive conversation…

Chevron Corp. CEO Mike Wirth urged President Biden on Tuesday to stop criticizing the oil and gas industry to score political points and instead work constructively with energy executives about how to deal with high commodity prices.  The letter from Wirth preceded a meeting scheduled on Thursday between oil and gas chiefs and the administration.…

“I believe it is important for public and private sectors to not focus solely on increasing the participation of women in terms of labor, but rather there be a true revolution within the interior of institutions and companies to really reduce the gender gap,” María Luisa Licón, legal counsel at Marathon Petroleum Corp. and founding…

Refining heavyweight Valero Energy Corp. ended 2021 with gasoline demand at pre-pandemic levels and diesel demand higher than pre-pandemic levels across its system, CEO Joe Gorder said Thursday. “We also saw a significant jet fuel recovery as domestic and international travel opened up, increasing from approximately 60% of pre-pandemic levels at the beginning of the…