The Latest

Global Partners Buys Four Liquid Energy Terminals from Gulf Oil

Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.

Diamondback, Verde Plan Converting Permian Natgas to Gasoline

Diamondback Energy subsidiary Cottonmouth Venture LLC has entered into a joint development agreement with Verde Clean Fuels to build a natural gas-to-gasoline facility in the Permian Basin.

Exxon Starts Up $2B Chemical Production Expansion in Baytown

Exxon Mobil Corp. started up a $2 billion chemical production expansion at the U.S. supermajor’s manufacturing complex near Houston.

Enterprise Products Partners Updates Permian Projects, Reports Earnings Slide

Lower commodity prices are blamed for the slide in Enterprise Product Partners’ second quarter results.

Venezuela, Iran Ink 25 Deals During State Visit

Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.

LyondellBasell Pushes Back Houston Oil Refinery Closure

Petrochemical company LyondellBasell is delaying its exit from the refining sector and evaluating future options for its 700-acre site on the Houston Ship Channel.

Vertex Completes Startup Procedures for Renewable Diesel Project

Following two weeks of downtime for repairs, Vertex Energy has achieved initial production of renewable diesel.

One Worker Dies After Fire at Marathon's Texas Refinery

The fire, which broke out at about 9:30 a.m., was extinguished and is currently under investigation.

Trinidad’s Energy Minister Young Talks Gas Production, Venezuela and Atlantic LNG [WATCH]

Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young spoke with Hart Energy at CERAWeek by S&P Global on gas production and bid rounds, flared gas and Atlantic LNG.

Exxon Boosts Permian Crude Refining Capacity with $2 Billion Beaumont Expansion

The 250,000-bbl/d crude distillation unit at Exxon’s Beaumont complex will boost refining capacity for light crude oil from its upstream Permian Basin operations.