Enterprise said the new projects will bring the company’s polymer grade propylene distribution system to a total length of 587 miles and connect the system to more than 30 petrochemical facilities along the Gulf Coast.
The purchases mark a shift for the refinery, which had largely stopped importing Nigerian oil two years ago and had shifted to largely North American supplies, which have been trading at a discount to global crude.
The global oil slump is striking the upstream sector at a critical moment for downstream companies as they scramble to address a growing problem of a lack of qualified middle-management workers rising through the ranks, according to a new analysis by executive search firm Proco Global.
West Houston, with white-collar oil and gas jobs in the Energy Corridor, and the Galleria area will suffer more, while the more blue-collar East Houston workforce would be better off in the short term, the report contends.
PBF Energy on Thursday announced plans to spend $322 million to buy a refinery and pipelines outside of New Orleans in a deal that gives the company a new footprint in the booming Gulf Coast refining corridor.
The Marathon workers, who became locked in a heated battle over local issues including proposed company changes in work schedules and safety procedures, remain the only work group out of 15 nationwide still on the picket lines.
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