In the first four months of 2021, natural gas-fired generation in the Lower 48 states averaged 3,394 gigawatthours (GWh) per day, a nearly 7% decrease from the same period in 2020, according to data from […]
U.S. production of ethane, a hydrocarbon gas liquid (HGL) produced primarily in natural gas processing plants, has grown rapidly since 2013. Production has nearly doubled from 0.95 million barrels per day (b/d) in the first […]
FINDLAY, Ohio, /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced the redemption of all of the $300 million outstanding aggregate principal amount of its 5.125% senior notes due April 1, 2024, including the portion of such notes for which […]
In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record. Ethane […]
FINDLAY, Ohio , /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced the close of the $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko). In conjunction […]
NEW YORK: Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country’s nuclear weapons development, which would […]
Human error and worst-case scenarios triggered a widespread power outage in Taiwan, rocking its reliability as a top supplier of computer chips as the industry grapples with a global shortage. A dual coal- and gas-fired power plant in the southern […]
Retail fuel supplies in the southeastern US are slowly returning to normal levels after panic buying drained storage following the cyberattack-induced shutdown of the Colonial Pipeline earlier this month. In Virginia the supply situation has […]
Australian independent Woodside Petroleum is exiting its 50pc interest in the proposed 21.2mn t/yr Kitimat LNG project in Canada’s British Columbia, which is expected to weigh between $40mn-60mn on the firm’s expected 2021 profit. Chevron, […]
Complaints by US energy firms against what they describe as Mexico City’s discriminatory energy policies are among the issues US trade officials will raise tomorrow during the first annual review of the US-Mexico-Canada (USMCA) free […]
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