Petrochemicals

Petrochemicals , Natural Gas , Crude Oil , Pipelines

Storm Knocks Out US Gulf of Mexico Natural Gas Pipeline

An offshore natural gas pipeline that serves four major U.S. Gulf of Mexico production platforms remained out of commission on Aug. 31, pipeline operator Enbridge said, following Hurricane Laura.

August 31, 2020

Exploration & Production , Petrochemicals , Crude Oil

US Gulf of Mexico Oil Output Remains Lower in Wake of Storm

U.S. Gulf of Mexico crude oil output remained down 70%, according to data released on Aug. 30, as oil and gas companies continued to return crews to offshore facilities that were evacuated ahead of Hurricane Laura.

August 31, 2020

Petrochemicals , Liquefied Natural Gas (LNG) , Natural Gas , Crude Oil

US Oil, Gas Exports Severely Disrupted by Hurricane Laura

The closures of Houston Port, Beaumont and Port Arthur due to Hurricane Laura were expected to reduce seaborne crude oil export capacity in the U.S. by nearly 1 million bbl/d.

August 28, 2020

Exploration & Production , Petrochemicals , Natural Gas , Crude Oil , Pipelines

US Energy Firms Assess Damage as Hurricane Laura Races North

Operators were scheduling reconnaissance flights over the more than 300 offshore oil and gas platforms and drilling rigs prior to Hurricane Laura reaching the Gulf of Mexico oil fields.

August 27, 2020

Petrochemicals , Crude Oil

Stronger Hurricane Laura Takes Aim at Heart of US Oil Refining Industry

Six oil-processing plants that convert nearly 2.33 million bbl/d of oil into fuel, and account for about 12% of U.S. processing, were shut down on Aug. 26. as Hurricane Laura moves toward the Texas/Louisiana coast.

August 26, 2020

Exploration & Production , Petrochemicals , Natural Gas , Crude Oil , Midstream

Hurricane Laura Poses Biggest Threat to US Oil in 15 Years

Oil producers on Aug. 25 had evacuated 310 offshore facilities and shut 1.56 million bbl/d of crude output, 84% of Gulf of Mexico's offshore production, near the 90% outage that Katrina brought 15 years ago.

August 25, 2020

Exploration & Production , Petrochemicals , Natural Gas , Crude Oil , Midstream

Twin US Gulf Coast Storms Stir Deep Production Cuts by Energy Giants

Oil and gas firms had shut wells in the U.S. Gulf of Mexico accounting for 1 million bbl/d of oil on Aug. 23, as one storm is forecast to become a damaging Category 2 hurricane.

August 24, 2020

Petrochemicals , Crude Oil

What’s Affecting Oil Prices This Week? (Aug. 24, 2020)

The Brent-WTI differential is expected to narrow during the week—stemming from WTI gaining support from the hurricanes headed toward the U.S. Gulf Coast.

August 24, 2020

Petrochemicals , Natural Gas liquids (NGL)

Asia to Import Record LPG in 2020 as Pandemic Boosts Demand

Households in lockdown ramped up purchases for cooking; petrochemical output has increased to make protective gear.

August 19, 2020

Petrochemicals , Crude Oil , Trade , Midstream

What’s Affecting Oil Prices This Week? (Aug. 17, 2020)

The tip of the iceberg—what comes next for global refining capacity?

August 17, 2020