Archives for May 2019
Trump loosens safety rules for offshore drilling
Tougher safety standards for offshore oil and gas drilling put in place after the 2010 Deepwater Horizon explosion will be loosened under a regulatory overhaul announced by the Interior Department Thursday. Source: FuelFix
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ITC to reopen with limited marine activity after tank fire
Six weeks after a chemical fire forced Mitsui’s Intercontinental Terminal Company to shutter its massive chemical storage terminal in Deer Park, the company said it will reopen most of its docks with limited marine activity...
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Exxon to invest $2B into Baytown petrochemical expansion
Exxon Mobil will pour $2 billion into expanding its Baytown chemical complex, creating 2,000 construction jobs and further cementing the region’s role as a petrochemical hub.The Baytown expansion will allow Exxon to play off its...
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NRG earnings up, points to higher power prices
NRG Energy announced Thursday that it expects to restart its mothballed 385-megawatt natural gas plant in Corpus Christi early next month after Texas regulators gave generators the green light earlier this year to charge higher...
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Chinese trade tensions, low prices hit Westlake Chemical's profits
Low chemical prices pushed down profits again for Houston’s Westlake Chemical in the first quarter as the petrochemical industry continued to battle with weaker Chinese demand, higher ethane feedstock costs and the fallout from crude...
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