09302016Fri
Last updateThu, 29 Sep 2016 6pm

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Propane Drove 2016 U.S. Petroleum Product Export Growth

In the first half of 2016, the U.S. exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,000 b/d, respectively, propane exports increased by more than 230,000 b/d. Propane is now the second-largest U.S. petroleum product export, the Energy Information Administration (EIA) reports, surpassing motor gasoline. While total U.S. petroleum product exports grew, export destinations remained largely unchanged. 


$900 Million Natural Gas Power Plant Planned for Ohio

EmberClear Corp. of Houston has announced plans for a new $900 million natural gas-fired electric power generation plant. The 1,000-MW Harrison Power Project will be built over 60-acres in Harrison County, OH. EmberClear said it will take 18 to 36 months to win approval of various state and federal agencies before construction can begin. The company is looking towards a late 2018 start date.

EmberClear noted there are several pipelines already located within 10 miles of the proposed site that will have the option to serve the facility, as well as several processing plants with options to supply other types of fuel. 

Construction Chemicals Market to Reach $40,154M by 2022

According to a new report published by Allied Market Research, the construction chemicals market is poised to reach $40,154 million by 2022, from $27,162 million in 2015, growing with a CAGR of 5.6% from 2016 to 2022. The concrete admixtures segment leads the construction chemicals market with more than one-third of the market share during the forecast period.

Concrete admixtures and water proofing & roofing chemical segments together dominated the construction chemicals market in 2015, accounting around two-thirds of the market share collectively. Concrete admixtures segment is expected to grow with a high CAGR of 9.9%, in volume terms, owing to the increased compressive strength and enhanced workability, so as to provide higher moving and positioning time. Residential and infrastructure end-user segments collectively accounted for three-fifths of the market share, in terms of volume, in 2015. Infrastructure segment is estimated to grow at the fastest rate with a CAGR of 7.7% during the forecast period. 

Goldman Sachs: U.S. Shale Firms to Pump More Oil by 2017

“Though the collapse in prices caused a wave of bankruptcies, total U.S. oil production has only fallen by about 535,000 barrels a day so far this year compared with 2015, when it averaged 9.4 million barrels, according to the latest federal data,” The Wall Street Journal reports.

“As the oil markets ponder where production will resume when prices pick back up, one clear answer has emerged: America. Goldman Sachs forecasts the U.S. will be pumping an additional 600,000 to 700,000 barrels of oil a day by the end of next year — making up for every drop lost in the bust.” 

Alaska, ConocoPhillips Forming LNG Joint Venture

The State of Alaska, through the Alaska Gasline Development Corporation (AGDC), and ConocoPhillips Alaska Inc. have executed a Memorandum of Understanding regarding negotiations to form a joint venture (JV) that could facilitate marketing LNG from the Alaska LNG project to global LNG markets and acquire North Slope gas, with the goal of bringing LNG buyers and North Slope wellhead sellers together. AGDC and ConocoPhillips also intend to pursue the support of the other major North Slope producers in the formation of the JV. 

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