Across The Wire

  1. IndianOil Selects Emerson To Modernize Refinery To Meet Low Emissions Fuel Standards
    3/11/2019

    Global technology and engineering company Emerson recently announced it has signed multiple contracts totaling $12M with India’s largest commercial oil company, Indian Oil Corporation Limited, to modernize operations and emissions programs at the company’s refineries

  2. Intercontinental Exchange Announces Successful First Auction For Permian WTI Crude Oil Storage Futures Deliverable At Magellan East Houston Terminal
    3/7/2019

    Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, recently announced the completion of the first auction for the ICE Permian WTI Crude Oil Storage Futures (HOS), deliverable at Magellan Midstream Partners, L.P.’s (NYSE: MMP) terminal in East Houston, Texas

  3. Singapore's Fortrec Acquires Aromatic Solvents Refinery In Ulsan, Korea
    3/6/2019

    Singapore headquartered Fortrec has completed the acquisition of and re-started its refurbished aromatic solvents refinery in Ulsan, Korea. The facility, which has a sixty thousand (60,000) tonne a year capacity for producing aromatic solvents FSol100, FSol150, FSol200 and Washoil, is the culmination of a nine-month acquisition by Fortrec

  4. Jupiter Announces Extension Of Open Season For Crude Oil Pipeline From The Permian Basin To The Port Of Brownsville
    2/28/2019

    Jupiter Energy Group (“Jupiter”), a privately held midstream company that provides crude oil producers and gas plants with logistics and offtake solutions, recently announced a 90-day extension of the Open Season that commenced on November 30, 2018 for binding shipper commitments on the Jupiter Pipeline, which is expected to be operational in the fourth quarter of 2020

  5. Enterprise Begins Service On Shin Oak NGL Pipeline
    2/28/2019

    Enterprise Products Partners L.P. recently announced that its Shin Oak natural gas liquids (“NGL”) mainline is now in service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub 

  6. Praxair To Build New World Scale Hydrogen Plant In Louisiana
    2/28/2019

    Praxair, Inc., a wholly-owned subsidiary of Linde plc (NYSE:LIN; FWB:LIN), has authorized the construction of a world scale hydrogen plant in Louisiana to supply product under a long-term contract with a major refinery in the area. The new plant will be integrated with Praxair’s already extensive Louisiana production network via its Mississippi River Corridor hydrogen pipeline system. Praxair will build, own and operate the steam methane reformer (SMR), which will have a capacity in

  7. KBR Awarded Pre-FEED Study Contract For Pacific Coast LNG Project
    2/28/2019

    KBR, Inc. (NYSE: KBR) announced today it has been awarded a pre Front End Engineering Design (Pre-FEED) contract by Mexico Pacific Limited (MPL) for a midscale LNG liquefaction project in Puerto Libertad on the Pacific coast of Mexico

  8. Joi Scientific And New Brunswick Power To Develop World’s First Hydrogen-Powered Distributed Electricity Grid
    2/26/2019

    Joi Scientific, whose mission is to make clean and affordable hydrogen energy available to all, is to co-develop with New Brunswick Power a hydrogen production system to enable the world’s first electricity grid that uses hydrogen as a baseload

  9. Hess Midstream Partners LP Announces Agreement To Acquire Tioga Gathering System
    2/26/2019

    Hess Midstream Partners LP (“Hess Midstream”), recently announced that its subsidiary, Hess North Dakota Pipelines LLC entered into an agreement to purchase the crude oil and gas gathering assets of Summit Midstream Partners’ Tioga Gathering System (the “Tioga System”) for cash consideration of approximately $60M gross, or approximately $12 million net to Hess Midstream, with the potential for an additional $7 million of gross contingent payments in future periods subject to certain future performance metrics

  10. KBR Awarded Contract To Provide Services For Crude Expansion Project At ExxonMobil's Beaumont Refinery Along The U.S. Gulf Coast
    2/25/2019

    KBR, Inc. (NYSE: KBR) announced today it has been awarded a reimbursable contract by ExxonMobil to provide detailed engineering, procurement, and construction services for the offsites and interconnecting units as part of the recently announced crude expansion project in Beaumont, Texas