Investment , Petrochemicals , Midstream , Storage

Thailand’s PTT Moves Closer to Decision on Appalachia Petrochemical Plant in Ohio

In June, Thai oil and gas company PTT Pcl said it delayed making a final investment decision to build the ethane cracker, which analysts estimate will cost $5.7 billion.

July 23, 2020

Petrochemicals , Crude Oil , Storage

Coronavirus Surge Fan Fresh Worries about Global Fuel Demand

The unprecedented decline in demand forced producers to make record output cuts and pump hundreds of millions of barrels of oil into storage.

July 17, 2020

Storage , Construction

Buckeye Loads First Vessel at South Texas Gateway Terminal

Terminal in the Port of Corpus Christi could potentially expand to 10 MMbbl of storage.

July 16, 2020

Private Equity , Storage

Industry Veterans Form Tivoli Midstream, a Terminal and Storage Platform

Energy Spectrum-backed Tivoli to focus on acquiring and constructing strategic storage assets and optimizing oil, gas and petrochemical logistics.

July 15, 2020

Field Development , Methane , Technology , Storage

E&P Production: Promise of Tankless Operations

Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more. 

July 10, 2020

Crude Oil , Policy & Regulations , Storage

US Energy Secretary Delays SPR Site Visit in Texas Due to Suspected COVID-19 Case

U.S. Energy Secretary Dan Brouillette had planned to visit the Big Hill Strategic Petroleum Reserve, or SPR, site in Texas on July 10.

July 10, 2020

Exploration & Production , Petrochemicals , Crude Oil , Storage

US Oil Production to Decline Less Than Previously Forecast in 2020

U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.

July 7, 2020

Public Capital , Acquisitions & Divestitures , Storage , Pipelines

Warren Buffett’s Berkshire Hathaway Buys Dominion Gas Business Worth Nearly $10 Billion

The deal reflects a strategic repositioning by Dominion Energy on its regulated utility operations, according to CEO Thomas F. Farrell II, and also follows the company’s decision to cancel the Atlantic Coast Pipeline.

July 5, 2020

Petrochemicals , Crude Oil , Storage

Near-record Oil Stockpiles at US Gulf Coast Pressure Prices of Domestic Grades

Mars Sour, the benchmark for sour U.S. Gulf Coast grades, was trading at a $1.05 premium to U.S. crude futures on July 1.

July 3, 2020

Investment , Exploration & Production , Crude Oil , Trade , International , Shale Plays , Storage

Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope

Even for the leanest, meanest oil and gas producer sitting on the best assets in the land, fate hinges on the nature of the recovery.

July 1, 2020