Oil company, W&T Offshore Announces First Quarter 2022 Results
Oil company highlights Firstly, the company raise average daily production by 2% to 37.8 thousand barrels of oil equivalent per day. Secondly, it reported a net loss...
Tag : Downstream
MMEX Resources Corp. receives approval to construct solar powered UltraClean Refinery project
MMEX Resources Corp., a development-stage company, received approval from the Texas Commission on Environmental Quality (TCEQ) last week. This permit will allow the company to...
Deer Park refinery sale to Pemex approved by US government
The Deer Park refinery sale to the Mexican state-owned company Petroleos Mexicanos (Pemex) has been approved by the US government; president Andres Manuel Lopez Obrador...
Cenovus to sell C$800M asset to accelerate debt reduction
Cenovus Energy, the Canadian-based integrated energy company, agreed to sell the Tucker thermal asset, located in Alberta, for C$800 million. The proceeds from the sale...
Suncor Energy to ramp up production expects 5% more oil in 2022
Suncor Energy, Canada’s leading integrated energy company, announced this Monday its capital expenditures program for 2022, which establishes an expected increase of 5% in its...
Bp to invest $270 million to improve Cherry Point Refinery
Bp, the British oil major, announced this Monday plans to repurpose and upgrade the infrastructure at its Cherry Point Refinery in Washington. The company announced...
Preferred equity and ESG: crucial in capital raising for the energy industry
Innovative investment sources and the increasingly important role of Environmental, Social, and Governance, (ESG) criteria in the energy industry, are just some of the new...
PBF Energy Chalmette refinery brings back electrical power
PBF Energy has brought back electrical power to its 190,000 barrel-per-day (bpd) Chalmette, Louisiana refinery for the first time since Sunday, sources close to the...
Ida’s toll on the energy sector; operators continue assessments
Ida’s toll on the energy sector is significant, it knocked out more oil than hurricane Katrina days before landing as Category 4 storm on Sunday,...
HollyFrontier to acquire Sinclair Oil; new company to emerge
HollyFrontier, the independent petroleum refiner Texas-based, announced this Tuesday it will acquire Sinclair Oil Corporation and its units; in a transaction with a value of...