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EIA: port district of Houston-Galveston became a net exporter of crude oil in April

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The US port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record, according to the US Energy Information Administration (EIA). In April 2018, crude oil exports from Houston-Galveston surpassed crude oil imports by 15,000 barrels per day (b/d).

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US average retail gasoline prices ended 2017 lower than they started

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per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. gal at least once in 2018. Rising crude oil prices and high levels of gasoline demand contributed to rising gasoline prices from January through May. Gulf Coast (Houston). per gallon between October and December.

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GE Oil & Gas secures order for industry’s first 20-ksi deepwater BOP stack and riser

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GE Oil & Gas has received an order for the offshore oil and gas industry’s first 20,000-psi (20-ksi)-rated deepwater blowout preventer (BOP) stack and riser systems from Maersk Drilling. It was the failure of the BOP stack on the Macondo well that enabled the massive oil release from the Deepwater Horizon disaster.

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ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex; 1B cfd of blue hydrogen

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The Baytown Area operations are located on approximately 3,400 acres along the Houston Ship Channel and comprises four manufacturing sites, including one in nearby Mont Belvieu, and a global technology center. The Baytown Olefins Plant, which began operations in 1979, is one of the largest ethylene plants in the world. million tons per year.

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America’s lithium laws fail to keep pace with rapid development – ET Auto

Baua Electric

REGULATORY RISKS In Oklahoma, which has several brine deposits, the Oklahoma Corporation Commission – which oversees oil and gas development – said it has no jurisdiction over lithium production and royalties, and referred comment to the state’s Department of Mines, which said it also does not oversee lithium.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 For example, in Nigeria, Glencore and Glencore’s UK subsidiaries entered into multiple agreements to purchase crude oil and refined petroleum products from Nigeria’s state-owned and state-controlled oil company.