Tag: US
Pemex sells crude to US for first time since 2008
Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to US West Coast refiners. Pemex will also market more light Isthmus crude this year to the US West Coast, most, if not all destined for California.
US to sell 8 M bbls of crude oil reserves
The US Department of Energy (DOE) recently issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by January 17th.
Four US-Mexico pipeline projects near completion
Construction of four cross-border natural gas pipelines from the US to Mexico is on schedule with the pipelines expected to add 3.
Japan continues acquisition of US oil & gas assets
Japanese trading group Mitsui & Co., Ltd recently stated that it had reached a deal with Royal Dutch Shell to buy a 20 percent working interest in four blocks in the Gulf of Mexico owned by a Shell subsidiary.
New US oil refinery to be built in South Texas
A Houston-based company, Raven Petroleum, plans to build the largest new US oil refinery in nearly 40 years on 200 acres of South Texas ranch land, strategically located to process the Eagle Ford shale field’s lighter crude and export it to Mexico.
Värde & Titanium Exploration acquire assets in US
Global alternative investment firm Värde Partners and Titanium Exploration Partners have acquired oil and gas assets within the Stack play in Oklahoma, and the Eagle Ford Shale play in Texas, US.