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BREAKING $700mm Deal: INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD $700 Million

BREAKING $700mm Deal: INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD $700 Million

by Efrain Garcia | Dec 12, 2023 | Downstream News

INEOS announces the acquisition of the LyondellBasell Ethylene Oxide and Derivatives business and production facility at Bayport Texas for USD700 Million FRIDAY Dec 8, 2023: The fully integrated site has access to cost advantaged US energy, feedstocks and logistics....
NEWS: ExxonMobil Corporate Plan through 2027 – “$20 Billion in Lower Emissions Opportunities”

NEWS: ExxonMobil Corporate Plan through 2027 – “$20 Billion in Lower Emissions Opportunities”

by Efrain Garcia | Dec 7, 2023 | Downstream News

ExxonMobil Press ReleaseExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027; 18% compound annual earnings growth significantly outpaces peers1 “On track to deliver ~$14 billion of further earnings and cash flow growth potential over...
DOW X Energy Advanced Nuclear Reactor Project Seadrift, TX – Project Overview & Timeline

DOW X Energy Advanced Nuclear Reactor Project Seadrift, TX – Project Overview & Timeline

by Efrain Garcia | Dec 6, 2023 | Downstream News, Downstream Projects

  Dow and X-energy have announced the selection of Dow’s UCC Seadrift Operations manufacturing site in Texas for its proposed advanced small modular reactor nuclear project. The project is expected to provide the Seadrift Site with safe, reliable,...
Aug 31: Ergon Refining Announces Purchase of Fuels Terminal in Vicksburg, Mississippi

Aug 31: Ergon Refining Announces Purchase of Fuels Terminal in Vicksburg, Mississippi

by Efrain Garcia | Nov 18, 2023 | Downstream News

Thu., Aug 31, 2023 | Ergon FLOWOOD, Miss. — Ergon Refining Inc. has announced the finalization of an agreement to purchase a fuels terminal in Vicksburg, Mississippi, from CITGO Petroleum Corporation. The facility will offer a full slate of gasoline and diesel fuel...
$305.8 Million Deal: Global Partners LP to Acquire 25 Liquid Energy Terminals from Motiva Enterprises LLC

$305.8 Million Deal: Global Partners LP to Acquire 25 Liquid Energy Terminals from Motiva Enterprises LLC

by Efrain Garcia | Nov 13, 2023 | Downstream News

Underpinned by a 25-year guaranteed take-or-pay throughput agreement, the strategically located assets will significantly increase Global’s operating footprint WALTHAM, Mass.–(BUSINESS WIRE)– Global Partners LP (“Global”) (NYSE:GLP), an integrated storage,...
BREAKING: $53 Billion Deal – Chevron Announces Agreement to Acquire HESS

BREAKING: $53 Billion Deal – Chevron Announces Agreement to Acquire HESS

by Efrain Garcia | Oct 23, 2023 | Downstream News

Chevron Press Release “World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free cash flow growth outlook into 2030s John Hess, Hess CEO,...
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