Comprehensive Real-Time News Feed for Old-Ocean, TX.
Results 1 - 5 of 5 in Old-Ocean, TX
On the back of several bullish catalysts, Phillips 66 Partners' distribution coverage ratio rose from 1.15x to 1.21x. Ramping up volumes at its recently completed organic growth developments and at its new assets PSXP received via dropdowns provides a bullish tailwind going forward. Comment?
The plant will be used for PE research, including new catalyst and polymer development, before being used on full-scale operations - such as in the massive PE capacity expansion that the firm will open in mid-2017 in Old Ocean, Texas. "It's been a year since we broke ground in Bartlesville," Don Lycette, senior research and technology vice president, said in a news release. Comment?
The TCO venture operates the massive Tengiz and Korolev oilfields in Kazakhstan, which will see two new growth projects add 260,000 bo/d of production capacity. Chevron's partnership with Phillips 66 in the downstream industry offers a potential bright spot after a sea of operational mishaps and errors. Comment?
The U.S. Environmental Protection Agency announced that Phillips 66 Co. recently agreed to retire more than 21 billion sulfur credits that could have been used in the production of gasoline, which could potentially lead to significantly less pollution from vehicles. Comment?
Phillips 66 Partners says it's acquired a quarter-share interest in newly constructed Sweeny Fractionator One and Clemens Caverns storage facility. It'll pay total consideration of $236M for the 25% of Phillips 66 Sweeny Frac LLC, which owns the two new facilities. Comment?
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