Tag: United States

Oil Price Puts a Hold on Sasol’s Westlake GTL Project

With crude oil prices hovering around $50 – $60 per barrel, Sasol announced on Jan. 28 2015 that they are delaying a final investment decision on their proposed 96,000 bpd GTL Project in Calcasieu Parish, Louisiana. This GTL project is

Posted in Oil and Gas Industry News, Petroleum Industry News Tagged with: , , , , , , , ,

US Shale Gas Destined for China?

How is it that US shale gas may end up in China as ethylene and propylene? Several Chinese companies have announced plans to build methanol plants in the US with all or most of the product methanol being transported to

Posted in Oil and Gas Industry News Tagged with: , , , , , , , , ,

Easy Money Possible at Cushing!

In the days of high gas prices in the US, 2003-08, many companies made easy money by taking advantage of price swings between the summer and winter months. They would buy low priced “physical” gas in the summer months and

Posted in Oil and Gas Industry News Tagged with: , , , , , , , , , ,

The U.S. Shale Oil Revolution: a Boon to Some Refiners

The United States has gone through a dramatic resurgence in crude oil supply during the past few years as a result of the unconventional shale oil revolution. The combination of horizontal drilling, hydraulic fracturing, increasing oil price, and the risk

Posted in Oil and Gas Industry News, Petroleum Industry News Tagged with: , , , , , , ,