Storage

Investment , Energy Transition , Technology , Storage , Gathering & Processing

BP Plans to Build Britain’s Largest Hydrogen Plant

Energy group BP aims to build Britain's largest hydrogen plant by 2030, it said on March 18, as part of the country's push to boost use of the fuel and cut greenhouse gas emissions.

March 18, 2021

Crude Oil , Trade , Storage

US Crude Oil Stockpiles Surge, Fuel Draws Down: EIA

U.S. crude oil stockpiles rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts’ expectations in a Reuters poll for an 816,000-barrel rise, according to the EIA.

March 10, 2021

Crude Oil , Storage

Record US Crude Oil Stockbuild as Refining Plummets after Texas Freeze

The increase in crude oil stocks in the U.S. was also driven by a big jump in crude imports, which rose by a net 1.66 million bbl/d, the EIA said.

March 3, 2021

Acquisitions & Divestitures , Storage

WhiteWater Midstream Acquires Waha Storage Assets from ArcLight-backed Firm

Located near the Waha hub in West Texas, the acquired assets have the capacity, when fully developed, to store approximately 10 Bcf of natural gas and include six underground storage caverns and permits for five additional caverns.

February 16, 2021

Crude Oil , Storage

US Crude Oil Stockpiles Plunge Unexpectedly Last Week

Crude oil inventories in the U.S. fell by 6.6 million barrels in the week to Feb. 5 to 469 million barrels, compared with expectations in a Reuters poll for a 985,000-barrel rise.

February 10, 2021

Crude Oil , Trade , Storage

US Crude Oil Stockpiles Plunge to Lowest Since March 2020

The decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.

January 27, 2021

Public Capital , Health, Safety & Environment , Emissions , Energy Transition , Technology , Storage

Occidental Petroleum Claims Green Push ‘Does More Than Tesla’

Occidental Petroleum pumps more CO₂ into the ground than carmaker Tesla prevents being emitted on roads, CEO Vicki Hollub says.

January 20, 2021

Crude Oil , Trade , International , Storage

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

January 13, 2021

Markets , Crude Oil , Storage

Column: Petroleum Stocks Nearing Normal After Wild 2020

Oil producers and refiners adjusted to the situation at an exceptionally fast pace.

January 8, 2021

Crude Oil , Trade , Storage

Report: US Crude Oil Stockpiles Tumble Last Week

Crude oil inventories in the U.S. fell by 8 million barrels in the week to Jan. 1 to 485.5 million barrels, their biggest decline since August, exceeding analysts' expectations.

January 6, 2021