News Archive
Harris County Transit celebrates 1 millionth ride milestone in Baytown
February 12, 2023 - The Harris County Transit fixed route bus service in the City of Baytown has reached 1 million passenger boardings. Shortly after the Harris County Community Services Department (HCCSD) created the Harris County Transit division, a two-route bus service in Baytown was established July 28, 2008. Two months later, Harris County Transit provided...
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Enterprise Products makes $5.6B profit in 2022, transports record volumes in Q4
January 31, 2023 - Houston-based Enterprise Products Partners LP (NYSE: EPD) brought in a $5.62 billion profit this year as the midstream company transported record volumes through its pipeline network.The company's total pipeline transportation volume was 11.5 million barrels of oil equivalent per day during the fourth quarter, up from 11.3 million boepd during...
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ExxonMobil Sets Large-Scale Low-Carbon Hydrogen Plant Start-Up for 2027
January 29, 2023 - ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions.ExxonMobil’s...
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ONEOK to build natural gas fractionator in Mont Belvieu
January 18, 2023 - ONEOK announced this week it plans to build a new 125,000 barrel-per-day natural gas liquids fractionator in Mont Belvieu. On completion the new fractionator, MB-6, will increase the company’s total fractionation capacity in Mont Belvieu to 700,000 barrels per day.The company made the announcement at the same time it...
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Exxon preparing to open its massive $2B refinery expansion in Beaumont
January 16, 2023 - Exxon Mobil said Monday it finished building its $2 billion refinery expansion in Beaumont and plans to start it by the end of March, bringing the equivalent of a mid-size refinery to the market at a time when refining capacity has been tight.Start-up procedures have begun at the crude processing...
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Houston midstream energy giant to buy another local co. for $3.25B
January 9, 2023 - Enterprise Products Partners LP (NYSE: EPD), one of the largest publicly traded companies in the Houston area, will acquire another local midstream energy company for $3.25 billion in cash.The acquisition of The Woodlands-based Navitas Midstream Partners Holdings LLC is expected to close in the first quarter, the companies said Jan. 10....
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Riceland to maintain Texas small town feel, developer says
January 5, 2023 - If you have ever driven through a small town in Texas, you might conjure up memories of a time when you knew everyone’s name, could walk from shop to shop or sit on a park bench and watch the sunset. That is what McGrath Real Estate Partners...
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Targa buying out Blackstone’s stake in pipeline system with $1.05B deal
January 2, 2023 - Targa Resources Corp. (NYSE: TRGP) is boosting its ownership stake in a natural gas liquids pipeline with a $1.05 billion deal.The Houston-based midstream company agreed to acquire a 25% interest in Targa's Grand Prix NGL Pipeline from Blackstone Energy Partners, which manages energy-focused private equity funds for New York-based Blackstone...
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Port Houston Posts Another Container Gain in November
December 18, 2022 - If U.S. imports are slowing, Port Houston has yet to get the memo.The U.S. Gulf Coast’s busiest port reported an 11% jump in container volumes in November, bucking a trend of year-over-year declines at other major U.S. ports.Port Houston’s Barbours Cut and...
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New era of plastic recycling begins in Baytown
December 16, 2022 - About 80 million pounds of plastic will be diverted away from landfills over the next year, thanks to a new unit in operation at ExxonMobil’s Baytown Complex—and that’s plastic that until recently was considered unrecyclable, according to the company.Dave Andrew, vice president of new...
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