News Archive
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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First hydrogen-powered truck in Texas hits Houston roads
December 13, 2022 - The first time Rodrigo Peña climbed into the Hyzon truck's cabin and eased his foot off the break, it wasn't the awe of being inside the first hydrogen-powered freight truck to be operated in Texas that struck him.It was the silence."I could hear rocks...
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Pennzoil-Quaker State acquires stake in lubricant recycling co. Blue Tide Environmental
December 4, 2022 - A local Shell PLC subsidiary has acquired a significant stake in a North Texas company building a lubricant recycling project east of Houston.Houston-based motor oil giant Pennzoil-Quaker State Co., which is owned by London-based major Shell PLC (NYSE: SHEL), acquired a 49% equity interest in Plano-based Blue Tide Environmental, the...
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