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Headline Story

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Read more

Commodities

U.S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further reduce imports of the country’s oil. Read more

Refining & Petrochemical Processing

Tellurian Inc's proposed Driftwood LNG project in Louisiana took a major step forward as the U.S. federal energy regulator issued a final environmental report clearing the way for the company to seek a permit to build the export terminal. Read more

Downstream

Steel

REUTERS/Rebecca Cook/File Photo

GFG Alliance executive chairman Sanjeev Gupta said his company is considering plans to increase liquid steel production at its newly acquired Illinois wire rod mill and its restarted South Carolina facility. Read more

Maintenance & Reliability

U.S. liquefied natural gas (LNG) exports set two consecutive monthly records in November and December 2018, with 32 and 36 exported cargoes, respectively. Read more

Natural Gas/LNG

The engineers from both the Marathon and Axens’ teams can dedicate their efforts to unit improvements and spend less time managing and manipulating data. Read more

Maintenance & Reliability

Former U.S. Commerce Secretary and energy executive Don Evans will chair a partnership of top energy companies that have pledged $100 million toward easing the civic strain of the shale oil and gas boom in West Texas and New Mexico. Read more

Health, Safety & Environmental

The industry achieved a net production increase of 164 billion cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy. Read more

Natural Gas/LNG

EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. Read more

Renewable & Biofuel

EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports. Read more

Natural Gas/LNG

Kinder Morgan

Hilton Price

Kinder Morgan outperformed its distributable cash flow guidance in 2018 by 6% on an annual basis last year, rising just above $4.7 billion. Read more

Pipeline/Transportation

Pipelines, infrastructure and storage are still necessary for the Northeast petrochemical hub to become a reality. Read more

Tanks/Terminals/Storage

Air Products plans to build a second liquid hydrogen production facility in California to meet increasing product demand from several customer markets, including the growing fleet of hydrogen fuel cell vehicles (FCV) in the state. Read more

Downstream

land

Joshua Rainey Photography

Pin Oak acquired 236 acres near its terminal in Corpus Christi to further expand its operating capabilities. Read more

Midstream

Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. Read more

Renewable & Biofuel

Saudi Arabia expects domestic energy consumption to fall by 1.5 million to 2 million barrels of oil equivalent per day by 2030 as a result of moves a year ago to hike gasoline and electricity prices, the energy minister said. Read more

Renewable & Biofuel

Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy Read more

Commodities

Welcome to the new face of BIC Magazine! Read more

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