Valero Energy Corp. is planning to make its first big splash in the petrochemicals market by constructing a $700 million methanol plant on the same site in St. Charles Parish, LA, where its transportation fuel refinery is located.
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Connecticut Gov. Dannel Malloy has signed legislation that would expand the state’s natural gas distribution system at the same time as a planned expansion of Algonquin Gas Transmission will increase supply access to New England.
Advanced Power North America, a subsidiary of Switzerland’s Advanced Power AG, said it plans to build a 700 MW power plant fueled by natural gas in Carroll County, OH, an $800 million project in the heart of the Utica Shale.
Low natural gas prices didn’t deter U.S. operators from boosting upstream spending in 2012, according to data compiled by Ernst & Young.
Crude oil production from the Eagle Ford Shale of South Texas was up by 74% in February compared with a year ago, reaching an all-time high of 471,258 b/d from the nine fields that comprise the majority of the play, according preliminary data from the Railroad Commission of Texas (RRC).
Crude oil from the Bakken Shale will be Delaware-bound under an agreement between leading Bakken producer Continental Resources Inc. and PBF Energy Inc. Crude is to be delivered by rail to PBF’s double-loop track at its refinery in Delaware City.
Chevron Corp. increased its natural gas output in the first two months of 2013 at the same time it was collecting higher gas prices than it did a year ago.
As a formal set of proposed rules on hydraulic fracturing (fracking) moves through preliminary public review in California, Gov. Jerry Brown last Wednesday expressed confidence that his state’s oil and gas regulators would apply “science and common sense” to frack regulations.