-M&G Resins has received final greenhouse gas permits from the EPA for its planned $1 billion resins plant and utility support facility in Corpus Christi, Texas. The project is expected to support 3,000 construction jobs and 250 full-time operations jobs.
-The American Fuel & Petrochemical Manufacturers pushed back against new low-carbon fuel rules proposed by Oregon regulators, calling the proposal “unconstitutional” and harmful to consumers. The Oregon Department of Environmental Quality is seeking to impose a standard similar to California’s that mandates carbon emission reductions over the entire life cycle of the fuel. Opponents say such rules discriminate against out-of-state producers.
-Apache Corp. agreed to sell a total of more than 200,000 acres in south Louisiana and the Anadarko Basin in two separate transactions for $1.4 billion. Apache will sell 90,000 net acres in Louisiana that produce approximately 21,000 barrels of oil equivalent, 62% of which is gas and NGLs. In the Anadarko Basin, Apache will sell 115,000 acres in the Stiles Ranch field in Wheeler County, Texas, and western Oklahoma that produce 26,000 barrels of oil equivalent per day. Eighty-three percent of that production is gas and NGLs.
-Kinder Morgan’s shareholders approved the $44 billion consolidation the firm announced over the summer. The parent company will buy out all outstanding units of Kinder Morgan Energy Partners, El Paso Pipeline Partners and Kinder Morgan Management. The merger is expected to close Nov. 26.
-Tesoro Corp. on Wednesday announced its non-executive Board Chairman Steven H. Grapstein would step down effective Dec. 31. Tesoro CEO Greg Goff will become chairman of the board. Grapstein will continue to serve on the board.
