The Casper terminal is supported by take-or-pay contracts and will probably contribute about $26 million of adjusted EBITDA in 2016 based on minimum contracted payments, USD said.
A fire was stemmed from a hole in the gasoline-producing fluidic catalytic cracking unit at Valero Energy Corp's 335,000 barrel per day Port Arthur, Texas, refinery, Reuters reported.
The facility in Glasscock County, Texas, in the Permian Basin has capacity of 58 million cubic feet per day and currently processes about 45 million cubic feet per day.
Federal prosecutor Carlos Fernando dos Santos Lima said the bribes related to the Pasadena, Texas, refinery could lead to the annulment of the purchase, Reuters reported.
The Alberta government is conducting ongoing reviews into how much producers pay in resource royalties and into climate change policies, Reuters said. Plans are deferred until Encana sees review results.
Switzerland’s Ineos will supply ethane from Grangemouth to the Fife Ethylene Plant at Mossmorran in Scotland from mid-2017. The plant is owned by ExxonMobil Chemical Ltd. Reuters said.
CP Energy has seen its condensate workload increase sharply since 2014, when the exports of minimally refined lease condensate were allowed.
Gravity Midstream exec says he is ready to ship when politics, economics come into alignment.
Gulf Trace will make Transco’s production area mainline and southwest Louisiana lateral systems bidirectional from Station 65 in St. Helena Parish, La., to Cameron Parish, serving Sabine Pass Liquefaction project.
Separately, the company confirmed taking the Wilmington refined products rack off line for an hour on Nov. 3. The distribution rack was operating normally on Nov. 4, Reuters said.
Reuters was told by four sources familiar with the plans that three companies that revived East Coast oil refineries years ago are now looking overseas for cheap oil.
The offer values Targa Resources Partners at $36.09 per share, and represents a premium of 18.4% to the stock's closing price on Nov. 2, according to Reuters' calculations.