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Production

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. more

Refining/Petrochemical

The 2018 Atlantic hurricane season produced 13 named storms as of October 5, including 6 hurricanes. more

Refining/Petrochemical

In the first half of 2018, U.S. natural gas supply and demand grew significantly compared to the first half of 2017. more

Natural Gas

The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas. more

Refining/Petrochemical

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 billion cubic feet per day. more

Natural Gas

Ethane prices at Mont Belvieu, Texas, from August 1–28, 2018, averaged $2.38 per million British thermal units (MMBtu) higher than natural gas spot prices at the U.S. benchmark Henry Hub in Louisiana during that same period. more

Natural Gas

Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months has been more than 10% higher compared with the same months in 2017. more

Natural Gas

As the United States expects to add 5.2 million tons of production capacity of natural gas-derived chemicals, including ethylene, propylene and methanol, producers along the Gulf Coast are responding by investing in new ethane crackers. more

Tanks/Terminals/Storage

The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. more

Pipeline/Transportation

U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first time ever. more

Refining/Petrochemical

'Resurgent' U.S. petrochemicals industry to help boost global oil demand more

Drilling & Exploration

The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. more

Drilling & Exploration

BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. more

Refining/Petrochemical

ConocoPhillips (NYSE: COP) today reported a second-quarter 2017 loss of $3.4 billion, or ($2.78) per share, compared with a second-quarter 2016 loss of $1.1 billion, or ($0.86) per share. more

Refining/Petrochemical

ADNOC plans to almost triple its petrochemical production to an annual 11.4 million tons by 2025 from 4.5 million tons at present. more

Refining/Petrochemical

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