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Petrochemicals
Aramco’s Motiva To Buy Port Arthur, Texas Chemical Plant
Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the Flint Hills chemical plant while it builds three giant petrochemical units within its Port Arthur complex.
Crude Oil
Column: Hedge Funds Sell Oil As Global Economy Slows
Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies.
Crude Oil
What's Affecting Oil Prices This Week (August 19, 2019)?
For the week ahead, Stratas Advisors expect Brent to remain weak, averaging $60/bbl.
Natural Gas
Elevate Midstream Enters Gas Gathering Agreement With Sabine
The agreement between Elevate Midstream and Sabine Oil and Gas increases gas gathering and processing capabilities in the Carthage area within the Haynesville Shale.
Exploration & Production
Shale Gas Producers Help Fuel US LNG Exports Rise To Top
Together, the Appalachia and Permian basins are expected to supply about 53% of the North American gas market by 2030, according to McKinsey and Co.
Liquefied Natural Gas (LNG)
Natural Gas Deliveries To US LNG Export Facilities Set A Record In July
In the first seven months of 2019, natural gas feedstock deliveries to LNG export facilities have been the fastest growing among all U.S. natural gas consumption sectors, the EIA says.
Liquefied Natural Gas (LNG)
Houthi Drone Attack On Saudi Oilfield Causes Gas Fire, Output Unaffected
A drone attack launched by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Aug. 17 caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said.
Crude Oil
OPEC Delivers Downbeat Oil Market Outlook For Rest Of 2019
The report by OPEC also said oil inventories in developed economies rose in June, suggesting a trend that could raise the group's concern over a possible oil glut.
Liquefied Natural Gas (LNG)
BP Publishes LNG Contract Templates To Push Industry Standardization
lobal oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so.
Crude Oil
There’s Crude Oil And There’s Crude Oil
Government rules stipulate obligations and costs for information on differing crude oil streams.