Don't miss out on the latest business and technology news for chemical engineers, featuring select items in relation to Fuels and Petrochemicals!
Work on Shell Chemical's plant in Appalachia is underway
Shell Chemical Appalachia is building a petrochemical plant in Potter Township, Pa., and more than 100 cranes can be seen from the construction site. The plant is part of what's been billed a "petrochemical Appalachian Renaissance."
Long-term outlook for chemicals is good, says Deloitte exec
Trade concerns and a projected global surplus of ethylene are challenges for the global chemical sector, but the outlook appears brighter for the US Gulf Coast because of low-cost feedstocks, according to this analysis. "The upside is that the chemical business is fundamentally healthy and growing faster than the fuel business, so long-term prospects are good," says Deloitte executive Andrew Slaughter.
EPA to require more biofuel blending in 2020
On Friday, the Environmental Protection Agency unveiled plans to raise the federal biofuels blending mandate to 20.04 billion gallons in 2020, up from 19.92 billion gallons this year, including 15 billion conventional biofuel gallons and 5.04 billion advanced biofuel gallons.
Barry reduces Gulf offshore oil, gas production
Tropical Storm Barry forced operators in the US Gulf of Mexico to curtail roughly 73%, or 1.38 million barrels, of daily oil output and 62% of natural gas production, the Bureau of Safety and Environmental Enforcement said Sunday. Evacuations were put in place for 283 of the region's 669 manned platforms.
Storm, flooding lead refineries to cut half of Gulf Coast's oil output
Tropical Storm Barry has forced the evacuation of 200 offshore facilities, halting over 1 million barrels per day of production, or about 53% of the Gulf's output. Concerns of flooding have also shuttered a coastal refinery.
Oil companies look at other energy investments
While European oil companies have invested in electrification, US majors have focused on other sustainability measures. Occidental has stakes in carbon-capture technology investment, while ExxonMobil has been looking toward biofuels.
Gulf of Mexico operators evacuate platforms over storm threat
Chevron, BP and Royal Dutch Shell are evacuating personnel from many of their deepwater platforms in the US Gulf of Mexico and are shutting down oil and natural gas output in preparation of a weather disturbance that may strengthen. At least 13 offshore facilities operated by the three companies are affected by the evacuations.
EIA: US reached new oil production record in April
The US surpassed the 12-million-barrel-per-day oil production mark for the first time ever in April, with output totaling 12.2 million bpd, according to the Energy Information Administration. Record output levels were achieved in Texas, Oklahoma and the Gulf of Mexico, which produced 4.97 million bpd, 617,000 bpd and 1.98 million bpd respectively.
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