Archives for July 2016
LyondellBasell will build a major plastics plant in Texas or Louisiana
The petrochemical giant, which recently expanded its plants in the Houston and Corpus Christi areas, is looking to build near its existing footprints. The aim is to use LyondellBasell’s increased ethylene capacity to produce 1.1...
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Market Currents: Chinese crude oil imports are slowing
A weaker U.S. dollar is once again wafting smelling salts under the nose of the crude market, and this time it appears to be working. A large miss for preliminary Q2 U.S. GDP has further stoked...
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Calpine plans to close Clear Lake power plant
Although there’s more talk of coal plants being shuttered in Texas, Calpine is actually moving to shut down one of its older natural gas-fired power plants. The 31-year-old Clear Lake plant has more outdated technology....
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U.S. to speed permits for drilling on federal land
U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average...
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Smallest U.S. gas supply gain in a decade spurs rally
U.S. natural gas futures rallied the most in two months after a government report showed the smallest inventory gain in a decade. Gas stockpiles rose by 17 billion cubic feet last week to 3.294 trillion,...
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