Posts filtered on Tag
The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.
Oil and gas drillers across the United States have struggled under collapsing commodity prices, driven in part by a boom in domestic shale drilling that has transformed the industry.
The EIA said that Houston had the cheapest gasoline of the cities it tracked in 47 out of 52 weeks.
The massive propane dehydrogenation unit that makes propylene — a core chemical building block of many plastics — is located at Dow’s Oyster Creek site in Freeport as part of Dow’s $4 billion expansion in the area south of Houston.
The House and Senate on Tuesday evening reached a deal on tax and spending plans that included an end to the oil-trade limits that were implemented in 1975 after the Arab oil embargo.
The U.S. Energy Information Administration said domestic oil tanks last week took in an additional 4.8 million barrels of crude, boosting inventories to 490.7 million barrels. That’s the largest amount of oil the nation has had in reserve since a record-setting supply bulge in April.
The change comes after clashes between Cheniere’s leadership and some investors over their vision for the company’s future.
Houston’s economy stumbled again in November as rampant layoffs and cutbacks among local factories and oil and gas companies combined with losses in manufacturing and trade to reverse some of recent gains made last month.
The privately-owned Infinity was founded in 1952 and is headquartered south of Houston in Clute, but the company also operates in La Porte along the Houston Ship Channel.
Shell said the expansion will make the Shell Geismar Chemical Plant the largest producer of alpha olefins in the world.