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Expansions

TGS and Schlumberger announced today a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico. Read more

Upstream

Phase II, when combined with Bluewing’s existing assets in the Port of Brownsville, will provide existing and potential customers approximately 1.1 million barrels of storage capacity. Read more

Midstream

Appomattox Platform

Hand-out Shell Offshore Inc.

Appomattox, which currently has an expected production of 175,000 barrels of oil equivalent per day (boe/d), is the first commercial discovery now brought into production in the deep-water Gulf of Mexico Norphlet formation. Read more

Upstream

McDermott International, Inc. reaffirmed its previously disclosed schedule for the Cameron LNG project in Hackberry, Louisiana. Read more

Downstream

McDermott International, Inc. (NYSE: MDR) today announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). Read more

Downstream

Lotte Chemical Site

Hand-out Lotte Chemical

The complex is a $3.1 billion project, which broke ground in June 2016, and will include an ethane-cracker plant. Read more

Downstream

The Geismar project would create 23 new direct jobs with an average annual salary of $100,000, plus benefits. Read more

Downstream

Marathon Petroleum Corporation, MPLX and Andeavor Logistics have announced that the two midstream companies have entered into a definitive merger agreement whereby MPLX will acquire Andeavor Logistics for $9 billion. Read more

M&A/Investment

According to Sanjiv Singh, chairman of Indian Oil Corp. Ltd. (IOCL), foreign demand for U.S. energy exports will increase dramatically within the short span of a decade. Read more

Downstream

Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. Read more

Upstream

ExxonMobil said today it has completed an expansion of its specialty elastomers manufacturing plant in Newport, Wales Read more

Downstream

Asset manager IFM Investors will acquire pipeline operator Buckeye Partners LP in an all-cash deal for $6.5 billion, they said in a joint statement on Friday. Read more

M&A/Investment

NuStar Energy expects to close this transaction by 2Q 2019. Read more

Tanks/Terminals/Storage

Trafigura, North America estimates the Gulf Coast's refining utilization is "effectively maximum" at about 95 percent. Read more

Refining & Petrochemical Processing

Region-wide Gulf lease sale yields $244.3 million in high bids, Chevron eyes 900,000 b/d from Permian by yearend 2023, ExxonMobil adds 4.5 billion barrels to reserves, BSEE: Key to energy security lies within offshore industry Read more

Upstream

Chevron Phillips Chemical studying potential expansion of 1-Hexene, U.S. refinery runs hit record highs, NETL creates building blocks for $200 billion-per-year chemical industry, New regulations boost Gulf Coast refinery demand for hydrogen Read more

Downstream

The Offshore Technology Conference (OTC) in Houston, Texas celebrates its 50th birthday this week, begging the question – what will the next 50 years hold for the offshore market? Read more

Upstream

The project remains on track for a Final Investment Decision and commencement of construction in late 2019 with full commercial operations expected in 2023. Read more

Natural Gas/LNG

Indorama-Office-Sign-1.jpg

Photo courtesy Greenberry

This project has been the most ambitious project of its kind in IVL history and creates a new platform of growth. Read more

Downstream

ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Read more

Upstream

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