![]() reported that it incurred its fourth consecutive quarterly loss. In a filing toward the end of 2020, Exxon Mobil Corp. Although the docks are fully operational, final construction work continues on storage facilities at STG. Thanks to its new, second deepwater dock, STG can now berth and load crude oil onto two vessels simultaneously. Texas Deepwater Oil Terminal Achieves VLCC Milestoneīuckeye Partners, Phillips 66 Partners and Marathon Petroleum have loaded the first very large crude carrier (VLCC) at their South Texas Gateway (STG) facility near Corpus Christi, Texas. Ineos stated the former BP units, now known as Ineos Acetyls and Ineos Aromatics, will extend its portfolio and geographic reach. The $5 billion deal adds 15 sites in the Americas, Europe and Asia and 10 joint ventures to Ineos’ holdings. Ineos Buys BP Chemical Businesses for $5BĪlready a major player on the global petrochemicals scene, Ineos reported that it has expanded its footprint by acquiring BP’s worldwide aromatics and acetyls businesses. Keep reading for this summary of three of the top downstream-related articles from the past week. Based on recent pageview figures, Rigzone’s downstream readers showed considerable interest in news about the sale of some BP assets and the cashflow challenges of another supermajor.
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