Formosa selects St. James Parish for $9.4B Louisiana project
The Sunshine project will be built in two phases and produce ethylene, propylene, ethylene glycol and associated polymers. more
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Exelon to purchase Everett LNG terminal to ensure supply to Mystic Generating Station
On March 29, Exelon Generation announced an agreement with ENGIE North America to purchase the Everett liquefied natural gas (LNG) import terminal by the fourth quarter of 2018. more
Trump says he will not accept high oil prices; crude dips
U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted. more
Wood, Roue and Cisco open oil and gas center in Mexico
Wood, Cisco and Roue Consultores have participated in the opening of an Oil and Gas Advanced Technology Center (ATC) located in Wood’s operations center in Naucalpan, Estado de Mexico. more
PU: U.S. ethylene growth spurs new plastics export routes
Rapidly growing U.S. ethylene production and investment in new derivative capacity has increased the number of ports exporting plastics and opened new markets for U.S. producers, ClipperData told Petrochemical Update. more
Valero's Texas City refinery hit by explosion, fire
An explosion set off a huge fire at Valero Energy Corp’s 225,000 barrel-per-day (bpd) Texas City, Texas, refinery on Thursday afternoon but the fire was quickly contained, according to the City of Texas City Emergency Management office. more
Oil climbs on Saudi price ambitions and U.S. stocks draw
Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. more
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