According to EIA, US crude oil exports reached record levels in 2020 and remain high in 2021, despite volatility in global oil markets.
McDermott has been selected by LACC to provide engineering, procurement and construction for a seventh heater addition to its LACC ethane cracker facility in Westlake, Los Angeles, US.
According to EIA, as a result of several US refinery closures in 2020, US operable atmospheric crude oil distillation capacity dropped 4.5% to a total of 18.1 million bpd at the start of 2021.
Oiltanking North America LLC (Oiltanking) has entered into a non-binding Letter of Intent (LOI) with ReGen III Corp. (ReGen III) to develop and operate logistics for ReGen’s used motor oil re-refinery production facility (the ‘re-refinery’) in Texas, US.
According to EIA, although demand has increased for distillate, gasoline and jet fuel from their 2020 lows, the extent of the demand growth has differed by product.
According to EIA, two petroleum liquids pipeline projects have been completed so far in 2021, and 17 more projects have been announced or are currently under construction.
According to Rystad Energy, supplying Asia with LNG became much costlier for the US, but strong demand is bringing export records.
PBF Chalmette Refinery has announced that it is studying the possible conversion of an idled refinery unit into a renewable diesel production complex.
Magellan and Enterprise have teamed up with Intercontinental Exchange for a new Houston crude oil futures contract.
Chevron Phillips Chemical has broken ground on a new world-scale unit for on-purpose 1-hexene in Old Ocean, Texas, US, near its Sweeny facility.