Honeywell has announced its acquisition of NGL processing and sulfur recovery technologies development company, Ortloff.
Figures released by the US Energy Information Administration show that in April 2018 crude oil exports from Houston-Galveston, Texas, US, exceeded imports by 15 000 bpd.
For the week ending July 6 2018, the four-week average of US gross refinery inputs surpassed 18 million bpd for the first time on record, according to figures from the US Energy Information Administration.
The EIA’s latest Annual Energy Outlook forecasts rising US production and relatively flat consumption.
Figures released by the EIA show that China overtook the US in annual gross crude imports last year, importing 0.5 million bpd more than the US.
Natural gas spot prices at Henry Hub in 2017 averaged about US¢50/million Btu higher than in 2016, according to the US EIA.
According to the EIA, net withdrawals from natural gas storage amounted to 359 billion ft3 for the week ending 5 January 2018.