EOG Resources is reaping such high volumes of liquids from key US resource plays that it has raised its 2013 year-over-year production growth target for oil and condensate to 35% from 28%, its executive chairman said Wednesday. At the ...
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
President Barack Obama's nominee for energy secretary, Ernest Moniz, on Tuesday reiterated the Obama administration's position that decisions to license liquefied natural gas exports from the US should be based on a transparent, analytic ...
Tags: Metallurgy, Mineral, Energy
UOP LLC, a Honeywell company, announced that its UOP C3 Oleflex process technology has been selected by Williams to produce propylene, a valuable petrochemical used in plastics production. The selection is the sixth win for ...
Tags: Williams, UOP Technology, Propylene
Falling natural gas liquids production in the US Midwest and Rockies has resulted in a return of the regional frac spread to positive territory and a drop-off in ethane rejection since mid-January, a Platts analysis shows. Platts ...
Tags: natural gas liquids production, benchmark Conway, Kansas
LyondellBasell executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8 billion of EBITDA and earnings of ...
Tags: Lyondellbasell, Record Performance, Textile
LyondellBasell Industries announced earnings from continuing operations for the fourth quarter 2012 of $645 million, or $1.13 per share. Fourth-quarter 2012 EBITDA was $1,289 million. Full year 2012 income from continuing operations was ...
Tags: LyondellBasell Industries, fourth quarter, Olefins, Polyolefins
Ineos Europe said Wednesday it has entered into 15-year shipping agreements with Danish shipping company Evergas for the transportation of ethane into Europe from the US Mariner East project. The Mariner East pipeline, processing and ...
Tags: Ineos Europe, shipping agreements, Evergas, US Mariner East project
Methanex Corporation and Chesapeake Energy Corporation announced the execution of a 10-year agreement to supply all of the natural gas required for Methanex's one million tonne per year methanol plant in Geismar, Louisiana. Commencement of ...
Tags: Methanex Corporation, Chesapeake Energy Corporation, natural gas
In 2011, the United States became the world’s largest producer of natural gas, growing by 7.7% between 2010 and 2011. That represented the largest volumetric increase in the world, according to BP’s Statistical Review of World ...
Tags: natural gas, Natural Resource, gas industry
Prior to stepping into the role of President and CEO of TMK IPSCO,the American Division of Russia-based OAO TMK,in June 2008,Vicki Avril served as Senior Vice President and General Manager of IPSCO's Tubular businesses in both the US and ...
Tags: Russia-based OAO TMK, AWMI conference, the US energy pipe market, OCTG
Fueled by cheap natural gas liquids from the Eagle Ford Shale -- primarily ethane -- Texas' petrochemical industry will export 33% more ethylene and more finished plastics overseas by 2017, a report by the Federal Reserve Bank of Dallas ...
Tags: natural gas liquids, Texas, petrochemical industry, natural gas stream