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  • Volume 121, Issue 2

    • Volume 121, Issue 2

    Feb. 6, 2023 | First announced in 2020 and currently under way, Phillip 66’s $750-800-million Rodeo Renewed will convert the 120,000-b/d portion of the operator’s San Francisco refining complex in Rodeo, Calif. into a renewable fuels refinery via the addition of new pretreatment units as well as repurposing of two existing hydrocracking units to enable production of more than 50,000 b/d of renewable diesel, renewable gasoline, and sustainable jet fuel.

    More content from Volume 121, Issue 2

    Kinder Morgan Inc. (KMI) had fourth-quarter 2022 net income attributable of $670 million, compared with net income of $637 million in fourth-quarter 2021. KMI’s natural gas pipeline...
    Feb. 6, 2023
    The White House Council on Environmental Quality (CEQ) has issued guidance to federal agencies to consider mitigation measures for greenhouse gases “to the greatest extent possible...
    Feb. 6, 2023
    Gas prices are set to recede in 2023 based on the current trend but will remain elevated compared to historical levels as the structural deficit that began in 2022 will continue...
    Feb. 6, 2023
    The Biden administration announced Jan. 6 it will issue a proposed rule to tighten one of its national ambient air quality standards for particulate matter (PM), specifically ...
    Feb. 6, 2023
    Bangchak Corp. Public Co. Ltd. (BCP) has entered an agreement to purchase ExxonMobil Corp. affiliate ExxonMobil Asia Holdings Pte. Ltd.’s interest in Esso (Thailand) Public Co...
    Feb. 6, 2023
    Murphy Oil Corp., Houston, plans to spend between $875 million and $1.025 billion on capital projects this year with the goal of increasing total production by 14%.
    Feb. 6, 2023
    A subsidiary of Matador Resources Co., Dallas, has agreed to acquire Advance Energy Partners Holdings LLC, including certain oil and natural gas producing properties and undeveloped...
    Feb. 6, 2023
    Aggregate global upstream spending will rise sequentially in 2023, by about 10-15%, while overall spending will still fall below 2016-19 levels, Moody’s said in a research note...
    Feb. 6, 2023
    In its January monthly Oil Market Report (OMR), the International Energy Agency (IEA) raised its non-OECD demand forecast for 2023 by 140,000 b/d to 55.3 million b/d compared ...
    Feb. 6, 2023
    Average oil prices should remain below 2022’s $100/bbl average for international Brent benchmark, but exceed the medium-term price of $50-70/bbl, according to a Jan. 17 report...
    Feb. 6, 2023
    Illustration from Sempra Infrastructure.
    Energía Costa Azul regasification terminal in Baja California, Mexico.
    The US Department of Energy (DOE) has granted Sempra Infrastructure’s 4-million tonne/year (tpy) Vista Pacifico LNG plant permission to export natural gas to countries not having...
    Feb. 6, 2023
    Dreamstime/xl_120426320.
    Oil Barrels
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    The center of gravity for federal actions affecting the oil and gas industry can be expected to shift in 2023 now that Congress is divided and the political parties are able to...
    Feb. 6, 2023
    Wind, Shore-Powered Fields. Fig. 1.
    North Sea operators have a convergence of interests to find alternative power sources for their offshore platforms and subsea systems. Gas turbines typically power offshore oil...
    Feb. 6, 2023
    Photo from Neste.
    Neste is executing a project to expand production capacity of renewable fuels by 1.3 million tpy at its refinery at the Port of Rotterdam (Fig. 1).
    In late-2020, Neste Corp. launched a plan to restructure its refining operations in Finland as part of the operator’s strategy to ensure long-term competitiveness of its oil products...
    Feb. 6, 2023
    Image from Grön Fuels.
    Grön Fuels plans to commission Phase 1 of its Baton Rouge carbon-negative renewable fuels complex in 2025 at a production capacity of 65,000 b/d (Fig. 1).
    Ongoing projections of reduced demand for finished petroleum products amid the global energy transition, alongside business strategies aimed at ensuring operational competitiveness...
    Feb. 6, 2023
    ARG Field Map. Fig. 1.
    Two waterflooding options were evaluated to develop Abu Roash G (ARG) reservoir in Egypt’s Western Desert. Natural dump flood (NDF) was compared with surface injection in terms...
    Feb. 6, 2023
    Trap Locations. Fig. 1.
    Four Khabour formation stratigraphic gas traps in the Gilgamesh area have been identified for production with expected ultimate recoverable reserves of 4.7 tcf and estimated 6...
    Feb. 6, 2023
    Midwest Carbon Express CCS Pipeline. Fig 1.
    Members Only
    Summit Carbon Solutions has increased the planned diameter of many of the sections of its proposed 2,000-mile Midwest Carbon Express CO2 pipeline, raising its capacity to 18 million...
    Feb. 6, 2023