North America downstream news
DCP to sell NGLs terminals to NGL Energy Partners
Under the terms of the agreement, NGL will acquire 100% ownership of five propane rail terminals operated by Gas Supply Resources, and 50% ownership interest in a sixth propane rail terminal.
Chevron agrees with Petrobras to buy Pasadena Refinery System
Assets include a refinery with a capacity to process approximately 110 000 bpd of light crude.
TechnipFMC awarded contract for ExxonMobil refinery expansion project
The new units of this expansion project will be integrated into the existing facilities at the refinery.
API report shows record-breaking December for US oil and gas industry
With record refinery throughput, total petroleum inventories built to within 2.6% of the maximum of the 5-year historical range.
Dominion Energy completes merger with Dominion Energy Midstream
Dominion Energy Midstream Partners has become an indirect, wholly owned subsidiary of Dominion Energy.
ExxonMobil to proceed with new crude unit as part of Beaumont refinery expansion
Crude-processing capacity to increase by more than 65%.
EIA: US expected to export more energy than it imports by 2020
The US is projected to export more petroleum and other liquids than it imports within the decade.
Moda Midstream announces Ingleside expansion and VLCC loading berth
As part of the expansion programme, Moda has commenced construction of an additional 10 million bbls of crude oil storage.
Hartree Partners and Oaktree announce formation of bulk liquid terminal platform
The partners have put up an initial equity commitment of up to US$735 million.
Expect a bullish US biodiesel market in 2019, says ESAI Energy
Report finds that soybean exports to China and a temporary freeze on small refinery waivers under the renewable fuel standard (RFS) will be bullish for US biodiesel markets in 2019.