Posts filtered on Category
West Texas’ seemingly resilient Permian Basin led the way with the loss of eight rigs, while southern Texas’ Eagle Ford shale dipped by five rigs, according to weekly data released by oil field services firm Baker Hughes.
Pennsylvania-based Air Products is planning for the world-scale steam methane reformer plant in Texas to produce 125 million cubic feet a day of hydrogen and carbon monoxide, much of which will ship through its Gulf Coast pipeline that runs from the Houston Ship Channel to New Orleans.
Expansions in Louisiana and Kentucky will expand Westlake Chemical’s capacity to produce ethylene, a primary building block of plastics.
The leak has been out-of-control since late October and has driven thousands of people out of the upscale Los Angeles community of Porter Ranch.
The well, owned by Southern California Gas Co., has been gushing up to 1,200 tons of methane daily.
The terms of the deal were not disclosed and BP declined further comment, but the acquisition makes sense on the surface for Indorama because it already owns adjacent manufacturing plants in Decatur.
Southwestern Energy Co. has picked top lieutenant Bill Way to be its new chief executive, as outgoing CEO Steven Mueller prepares to retire later this year.
The head of the oil industry’s top lobbying group says the U.S. is an emerging global energy powerhouse, and can can grow even stronger if the federal government imposes fewer regulations.
Warm weather and strong production made 2015 the worst year for physical natural gas prices since 1999, according to a government analysis released Tuesday.
“I call this BP on land,” one lawyer representing residents said of the Porter Ranch leak. “It’s that bad.”