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While news headlines for the petrochemical construction boom have mainly been focused on the U.S. Gulf Coast, there are plenty of projects in the U.S. Northeast for the next wave of building. more

Downstream

Exxon Mobil plans to create a joint venture with Plains All American Pipeline to construct a multibillion-dollar pipeline to carry oil and condensate from the Permian Basin to the Texas Gulf Coast. more

Midstream

An explosion on June 7 near Moundsville, West Virginia, on the Leach XPress pipeline cut off an estimated 1.3 billion cubic feet per day (Bcf/d) of natural gas transportation capacity out of the Marcellus region. more

Emergency Response & Fire Rescue/Security

As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Oklahoma, is making U.S. futures vulnerable to a drop, traders and analysts said. more

Refining/Petrochemical

Paramount Resources Ltd. announced it has entered into a purchase and sale agreement with Strath Resources Ltd. (“Strath”) pursuant to which Strath will acquire Paramount’s oil and gas properties and related infrastructure. more

M&A/Investment

In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. more

Refining/Petrochemical

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