Upstream

Limetree Bay refinery to shut indefinitely after just a few months of operating

Limetree Bay Energy will shut its St. Croix refinery indefinitely due to financial problems, the company said Monday, after a series of operational setbacks shuttered the facility.

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  • June 22 @ 8:11 am

It’s too late to avoid a major oil supply crisis

There are a number of observable trends in oil supplies and by extension prices, presently. I am going to discuss one of them in this article. A lack of capital investment in finding new supplies of oil and gas.

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  • June 22 @ 6:30 am

WTI-Brent spread narrows as oil market tightens

The price gap between the world’s two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied.

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  • June 21 @ 12:07 pm

Magellan and Enterprise team up with Intercontinental Exchange for new Houston crude oil futures contract

Magellan Midstream Partners, L.P., Enterprise Products Partners L.P. and Intercontinental Exchange, Inc. announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston area.

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  • June 21 @ 11:22 am

BASF advances chemical recycling program with UL validation

BASF is implementing innovative chemical processes that convert some waste streams into new, valuable raw materials.

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  • June 18 @ 8:00 am

The solar energy segment looks set to continue its expansion

Solar energy is expected to play an increasingly important role in the global energy infrastructure, according to a research report by Mordor Intelligence LLP.

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  • June 18 @ 6:30 am

N. American oil service firms’ pricing and hiring on the upswing

U.S. crude production, which plummeted during the coronavirus pandemic, is ticking back up, despite generally flat spending by oil and gas producers.

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  • June 17 @ 9:02 am

U.S. judge orders resumption in federal drilling auctions in setback for Biden

A federal judge in Louisiana has blocked the Biden administration’s pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change.

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  • June 16 @ 8:04 am

Equinor awards Subsea Integration Alliance EPCI contract for Bacalhau

Houston-based Schlumberger announced Tuesday an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil.

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  • June 16 @ 6:30 am

Lake Charles fire partly to blame for ‘worst chlorine shortage the country has ever seen’

A fire last August in south Louisiana during Hurricane Laura is being blamed in part for creating “the worst chlorine shortage the country has ever seen”—much to the dismay of swimming pool owners, The Washington Post reports.

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  • June 15 @ 9:00 am

Ara Partners acquires Anesco Holdings, parent co. of UK’s renewable energy Anesco Group

Houston-based Ara Partners, an industrial decarbonization-focused private equity firm, announced that it has acquired Anesco Holdings, the parent company of the Anesco Group.

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  • June 15 @ 6:30 am

Magellan Midstream announces sale of independent terminals

Magellan intends to use the proceeds from this transaction consistent with its stated capital allocation priorities.

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  • June 14 @ 3:01 pm

Shell weighs blockbuster sale of Texas shale assets

Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, reports Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.

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  • June 14 @ 8:11 am

NexTier announces successful field test of natural gas-powered eFrac engines

NexTier Oilfield Solutions Inc. announced that it successfully field tested the NOV Ideal eFrac pump with power sourced from multiple natural gas reciprocating engines.

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  • June 13 @ 6:30 am

Schlumberger and Panasonic Energy collaborate on new lithium production process

Houston-based oil field services giant Schlumberger and Panasonic Energy of North America will collaborate on a new battery-grade lithium production process to be used by Schlumberger New Energy at its Neolith Energy pilot plant in Nevada.

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  • June 12 @ 6:30 am

Biden considers giving refiners relief from U.S. biofuel laws, sources say

President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates.

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  • June 11 @ 3:09 pm

Ascend expands HiDura LCPA production capacity

Ascend Performance Materials has expanded production capacity for HiDura long-chain polyamides in its Greenwood, S.C., plant.

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  • June 11 @ 6:30 am

Occidental Petroleum hones in on divestment goal with $508M deal

Houston-based Occidental Petroleum continues its divestment campaign with a new  $508 million deal to sell Permian Basin acreage to Colgate Energy Partners III LLC, a Midland, Texas-based oil and gas producer.

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  • June 10 @ 5:17 pm

Developer officially cancels Keystone XL pipeline project

A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday.

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  • June 10 @ 11:50 am

Brightmark to invest $680M in world’s largest advanced plastics recycling facility

Brightmark, the global waste solutions provider, announced that it will build the world’s largest advanced plastics recycling and renewal facility in Macon-Bibb County, Georgia.

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  • June 10 @ 6:30 am

Indorama Ventures to develop new IOD research center in The Woodlands, Texas

Indorama Ventures Public Company Limited, a global petrochemical producer, has started developing a new technology center under its Integrated Oxides & Derivatives (IOD) business at The Woodlands, Texas.

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  • June 9 @ 10:40 am

Biden suspends oil and gas leases in ANWR

The action reverses efforts to expand fossil fuel development in the United States, and delivers a setback to the Alaskan state government which had hoped opening the enormous refuge would help revive its declining oil industry.

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  • June 9 @ 7:00 am

U.S. power use to rise in 2021 as governments ease lockdowns -EIA

U.S. power consumption will rise 2.0% this year as state and local governments ease coronavirus lockdowns, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO).

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  • June 9 @ 6:30 am

Plains All American to sell natural gas assets to Hartree for $850M

Houston-based Plains All American has reached a deal to sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree Partners for $850 million.

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  • June 8 @ 4:23 pm

Contango Oil & Gas to merge with Independence Energy

Contango Oil & Gas Co. will merge with Independence Energy, LLC, an upstream oil and gas business built and managed by KKR’s Energy Real Assets team.

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  • June 8 @ 11:02 am

Enbridge announces $1.14 billion sale of its financial interest in Noverco

Sale proceeds will initially be used to repay short term debt, and on this conservative basis the transaction is expected to be neutral to distributable cash flow per share.

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  • June 8 @ 9:14 am

Cryopeak LNG Solutions announces new production facility

Cryopeak LNG Solutions Corporation, a Richmond, BC based company, has announced the commencement of operations at its new liquefied natural gas (LNG) production facility in Fort Nelson, BC.

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  • June 7 @ 11:28 am

Energy giant Total rebrands in shift to renewables

Paris-based energy giant Total made it official at its recent shareholders meeting and changed its name to TotalEnergies in a strategic effort to identify as a broad energy company.

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  • June 7 @ 10:55 am

Effective project management ensures smooth turnarounds

Have you ever pulled up to a gas pump and stepped out of your car only to realize your gas cap is on the other side? How frustrating. Now imagine you are pulling into a congested petrochemical plant driving a flatbed tractor-trailer.

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  • June 7 @ 9:02 am

PRI launches website to make case for increased energy competition

Aiming to provide market-based analyses and perspective to educate about policies impacting competitive electricity markets, the PRI – a California-based, nonpartisan, free-market think tank – launched the “Electricity Reality Report.”

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  • June 7 @ 6:30 am

Stabilis acquires LNG production facility in Port Allen, Louisiana

Stabilis Solutions, Inc., a leading provider of energy transition services, announced the acquisition of an LNG production facility in Port Allen, Louisiana from HR Nu Blu Energy, LLC.

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  • June 4 @ 2:20 pm

New report says Biden energy policy is misleading and unattainable

Recent experiences in three states provide an insight into how problematic President Joe Biden’s push for renewable energy could be for electric customers nationwide, according to a new report from Power the Future.

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  • June 4 @ 9:41 am

Enable Midstream announces FERC approval of the Gulf Run Pipeline project

Enable Midstream Partners, LP announced that the Federal Energy Regulatory Commission (FERC) has granted approval to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act.

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  • June 4 @ 8:54 am

BP invests $220 million in U.S. solar projects

BP boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy.

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  • June 3 @ 10:09 am

Marathon’s Los Angeles refinery recognized for community partnership and investment

Marathon’s Los Angeles refinery has been honored for a level of community investment that sets it apart from hundreds of companies in the surrounding region.

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  • June 3 @ 8:30 am

Nacero selects Bechtel for development of energy transition infrastructure facility in the Permian Basin

Houston-based Nacero has awarded Bechtel the Front-End Engineering and Design (FEED) contract for the first natural gas-to-gasoline manufacturing facility in the United States.

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  • June 3 @ 6:30 am

Southwestern Energy to acquire Indigo Natural Resources in $2.7B deal

Southwestern Energy Company has reached a $2.7 billion deal to acquire Houston-based natural gas production company Indigo Natural Resources, LLC.

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  • June 2 @ 2:46 pm

Tellurian to sell LNG to Gunvor, delays Louisiana project start

U.S. liquefied natural gas (LNG) developer Tellurian Inc. signed a 10-year agreement with commodity trader Gunvor Group for 3 million tonnes per annum (MTPA) of LNG.

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  • June 2 @ 8:41 am

Houston’s Kinder Morgan to purchase Stagecoach Gas Services

Kinder Morgan, Inc. announced that it will acquire Stagecoach Gas Services LLC, a natural gas pipeline and storage joint venture between Consolidated Edison, Inc. and Crestwood Equity Partners LP.

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  • June 2 @ 6:30 am

Energy Secretary Granholm touts clean energy investment, jobs plan in first Houston visit

From grid resiliency to electric vehicles to renewable fuel sources, the secretary of the U.S. Department of Energy sees opportunity for Houston to be a leader in a clean energy transition.

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  • June 1 @ 12:09 pm

OPEC+ sticks to plan to ease supply cuts through July

OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply.

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  • June 1 @ 11:53 am

Chevron Phillips Chemical breaks ground on world-scale 1-hexene unit in Old Ocean, Texas

Chevron Phillips Chemical recently broke ground on a new world-scale unit for on-purpose 1-hexene in Old Ocean, Texas, near its Sweeny facility.

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  • June 1 @ 11:07 am

Pro-Surve has acquired Walzel Technical Services

Pro-Surve Technical Services Acquisitions, LLC has acquired Walzel Technical Services, Inc., an established and proven Inspection Service provider in Ingleside, TX, and the South Texas Region for more than 30 years.

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  • May 28 @ 9:19 am

Gas prices at the highest in 7 years

U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season.

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  • May 28 @ 6:16 am

Tellurian Inc. and Gunvor Singapore Pte Ltd announced an LNG sales and purchase agreement

The LNG would be delivered free on board from Tellurian’s Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.

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  • May 28 @ 6:07 am

Tellurian and Gunvor sign 10-year LNG agreement

The LNG would be delivered free on board from Tellurian’s Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.

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  • May 28 @ 6:07 am

Biden shuns U.S. miners

U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists.

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  • May 27 @ 7:20 am

U.S. natural gas generation sees its first year-over-year decline in three years

In the first four months of 2021, natural gas-fired generation in the lower 48 states has decreased by nearly 7% from the same period in 2020, said a report from U.S. Energy Information Administration (EIA).

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  • May 27 @ 6:30 am