Posted on June 25, 2012 at 1:30 pm by Simone Sebastian in
Chronicle 100
Across its fuel transportation network, Plains All American Pipeline has hit capacity and is expanding to meet the burgeoning need to move fossil fuels across the country, the company’s leaders say.
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Posted on June 25, 2012 at 1:08 pm by Simone Sebastian in
Refining
A major component of the $10 billion Motiva refinery expansion project in Port Arthur will shut down for several months because of caustic corrosion, a Shell spokeswoman says.
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Posted on June 25, 2012 at 10:30 am by Simone Sebastian in
Chronicle 100
Enterprise Products Partners amassed a plump project portfolio in 2011, spending billions to expand its network of pipelines in the nation’s busy shale plays.
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Posted on June 19, 2012 at 1:01 pm by Simone Sebastian in
Crude oil
U.S. oil reserves grew 9 percent in 2011 as companies funneled billions into exploring for new deposits across the country, according to an Ernst & Young study.
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Posted on June 18, 2012 at 1:28 pm by Simone Sebastian in
Crude oil,
Refining
Valero CEO Bill Klese said surging crude production will eliminate the need for light, sweet crude imports by the end of 2013.
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Posted on June 18, 2012 at 7:23 am by Simone Sebastian in
General
An independent research committee has found that hydraulic fracturing can produce earthquakes but very rarely does.
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Hydraulic fracturing companies are reeling as prices for their services slide, leading to crew layoffs and idle equipment in once booming shale gas fields.
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Posted on June 15, 2012 at 12:23 pm by Simone Sebastian in
Natural gas
The controversial practice of hydraulic fracturing to extract natural gas does not pose a high risk for triggering earthquakes large enough to feel, a major government science report concludes.
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Posted on June 14, 2012 at 11:58 am by Simone Sebastian in
Crude oil,
Natural gas
Soaring oil production in the United States will drive the company’s growth for at least the next four years, Apache Corp. leaders said at its annual investor day meeting Thursday.
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Posted on June 13, 2012 at 1:31 pm by Simone Sebastian in
Offshore,
Weather
Storms will cut about 4.5 million barrels of crude and 9.5 billion cubic feet of natural gas production in the U.S. Gulf of Mexico, according to EIA estimates.
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Posted on June 13, 2012 at 12:10 pm by Simone Sebastian in
General
Despite a relatively normal year in terms of global energy supply and demand, the average global crude price rose above $100 per barrel for the first time on record, according to BP’s annual world energy report.
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Posted on June 13, 2012 at 7:05 am by Simone Sebastian in
Chemicals
LyondellBasell will use a $5.4 million federal grant to develop an energy-saving technology for ethane cracking, one of the first projects in its new Channelview R&D center.
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