Christine Buurma

2 weeks ago | hydrocarbonprocessing.com | Christine Buurma

HomeNewsUS exports of NGLs poised to quadruple by 2020 By CHRISTINE BUURMABloombergUS exports of natural gas liquids, already at a record amid surging output from shale deposits, are poised to quadruple by 2020 as the expansion of the Panama Canal cuts shipping costs to Asia.  Deliveries of the fuels to foreign buyers averaged 555,000 bpd in July, the most in US government data going back to 1981.

Feb 19, 2025 | bloomberg.com | Christine Buurma

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66 as it pushes the company to sell or spin off its pipeline business. Phillips 66 received a notice from Elliott that the activist investor plans to nominate board candidates at the company’s annual meeting, the refiner said Wednesday in a filing. Elliott will also request that the board hold annual elections for directors. Phillips 66 said the board will review the notice.

Aug 21, 2024 | bloomberg.com | Christine Buurma |David Carnevali

US coal producer Consol Energy Inc. agreed to buy rival Arch Resources Inc. for $2.3 billion as the transition to greener fuels threatens the industry’s long-term outlook. The companies announced the transaction in a statement Wednesday. The deal talks were reported earlier by Bloomberg. Under the terms of the merger agreement, Arch stockholders will receive a fixed exchange ratio of 1.326 shares of Consol stock for each share of Arch common stock.

Aug 7, 2024 | t.ly | Jack Wittels |Rachael Dottle |Brian Sullivan |Christine Buurma

By Jack Wittels Rachael Dottle Brian K Sullivan Green August 7, 2024 Weeks before the typical peak of Atlantic hurricane season, abnormally hot oceans spawned a record-shattering storm. And the trouble is just getting started. For 15 straight months through June, global sea temperatures have hit all-time seasonal highs. In the Gulf of Mexico and east of Florida, coastal waters are already pushing 90F (32C).

Aug 7, 2024 | bloomberg.com | Jack Wittels |Rachael Dottle |Brian Sullivan |Christine Buurma

By Jack Wittels Rachael Dottle Brian K Sullivan August 7, 2024 Weeks before the typical peak of Atlantic hurricane season, abnormally hot oceans spawned a record-shattering storm. And the trouble is just getting started. For 15 straight months through June, global sea temperatures have hit all-time seasonal highs. In the Gulf of Mexico and east of Florida, coastal waters are already pushing 90F (32C).