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(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. crude exports in 2024.
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., Valero continues to evaluate strategic alternatives for its remaining operations in California.
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Midstream Logistics Pipeline Construction & Maintenance : Pipe transport, ROW access, material yards.
The midstream energy sector is undergoing a transformative shift. Lets break down the key trends, major players, and strategies shaping the future of midstream energy. The Rise of Vertical Integration in Midstream Energy Vertical integration is redefining the midstream landscape. energy production growth. Why the Permian?
Theres a lot to like about the Uinta Basins waxy crude, but ramping up its production and use in refinery feedstock slates will require multimillion-dollar investments in rail terminals, special rail cars, heated storage, refinery equipment and other midstream and downstream infrastructure.
Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two were midstream companies, one was in the gasoline stations with convenience stores category, one was a petroleum refinery company, and one was an oil and gas operator, TIPRO noted in the statement.
Edgewater Midstream, a relatively new player in the refined products storage and delivery space, acquired a pair of potentially valuable assets from Shell in the Deer Park, TX, area in December. In todays RBN blog, we will examine Edgewaters new assets and the market opportunities they may open up.
Midstream Investments; Transportation and Storage : The midstream sector focuses on transporting and storing oil and gas from production sites to refineries and end-users. Investment opportunities here include owning or investing in refineries, petrochemical plants, and retail distribution networks (such as gas stations).
The project is a joint venture under the Blackcomb Pipeline JV , backed by: WhiteWater Midstream / Enbridge / MPLX LP (70%) Targa Resources Corp. Traverse Pipeline, LLC is a key developer in Texas’ expanding gas infrastructure landscape.
Crocker, who has been ExxonMobil’s President/Global Business Solutions since 2023, joined the company in 1995 at the Fawley Refinery in the United Kingdom. He also served as CFO of Altus Midstream. He succeeded McKee May 1. Ben Rodgers APA Corporation announced on April 14 key updates to its executive leadership team.
Figure A Solids Management the Online Way For several decades, the operators of large storage tanks, such as those found at refineries, have installed permanent cleaning systems to remove solids without having to take tanks out of service. However, such systems are too costly for deployment in onshore field equipment.
As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.
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