article thumbnail

Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels

NGT News

The plant would no longer produce fuels from crude oil but instead would make fuels from used cooking oil, fats, greases and soybean oils. Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., to produce renewable fuels.

Refinery 200
article thumbnail

Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

The supermajor and its partners have several oil projects on stream, collectively producing more than 650,000 barrels per day (bpd) of crude oil. The huge resources discovered offshore Guyana since 2015 have made the country one of the newest crude oil exporters.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Let Me Be Myself - Location, Connectivity, Quality Help Set Apart WTI Futures Contracts

RBN Energy

As the global crude oil market continuously evolves, so do the tools that traders, refiners and producers rely on to navigate its complexities. Among these tools, futures contracts play a pivotal role, allowing market participants to manage risk and ensure liquidity.

article thumbnail

BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. The UK-based supermajor is considering raising the number of board members to 13 from 11.

Oil 130
article thumbnail

Pemex oil exports fall in January, including by 36 percent to U.S.

Permian Basin Oil and Gas Magazine

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

article thumbnail

Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer. It also has the nation's highest refining capacity by some distance and remains a wind power leader.

article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.