November US natural gas prices increased beyond previous market expectations
On 23 November, the natural gas spot price at the Henry Hub in Louisiana, US, was US$4.70/million Btu, the highest price since a temporary spike in January 2018.
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McDermott will finalise the FEED for the Meridian Davis Refinery in North Dakota.
Over 2000 plaintiffs in Texas will be awarded another US$140 million 30 years after the case began.
The transaction sees the business, workforce and production facilities transferring to INEOS Enterprises, where it will trade as INEOS Joliet
Matrix Service Inc. has serviced the refinery for 16 years.
Pipeline capacity constraints are also a factor.
The facility is located in St. Croix, US Virgin Islands.
Flattening year-over-year growth in gasoline demand in the United States, combined with high levels of refinery output, have contributed to low or negative motor gasoline refining margins for refiners along the East and Gulf Coasts.
Acquisition connects assets in Hawaii, Pacific Northwest and the Rockies.
Linde and PBF Energy have broken ground for a hydrogen plant being built with PBF’s subsidiary.
