.February 29, 2024

Port Houston welcomes new service Gulf Toucan

Port Houston announced that ZIM Shipping Company's new line, Gulf Toucan, arrived at the Barbours Cut Container Terminal. This new addition reinforces Port Houston's position in the international shipping market and contributes to the economic growth of the Texas region, allowing for more cargo resources. Read More

Alabama announces $30M SEEDS grants for industrial site development

The grant program — a key portion of the governor’s “game plan” package of economic development bills approved by the Legislature last year — takes direct aim at the urgent need for quality industrial sites in Alabama at a time when other states are spending heavily to expand their site programs. Read More

Henry Hub daily natural gas spot price fell to record lows in February

High natural gas production, low natural gas consumption and higher natural gas inventories than the previous five-year (2018–22) average contributed to prices declining for much of 2023 and the first two months of 2024. Read More

Wholesale U.S. electricity prices were relatively low in 2023

Prices decreased primarily because of lower natural gas prices, mild temperatures at the start of the year, reduced average electricity loads in many regional markets and improved hydroelectric conditions in California and the Southwest. Read More

ExxonMobil's curveball move in Guyana alters Chevron-Hess deal prospects

ExxonMobil said it may exercise pre-emptive rights that could block Chevron from acquiring a 30% stake in a giant Guyana oil block, the centerpiece of its rival's $53 billion deal to buy Hess. Read More

Trans Mountain pipeline sees second-quarter service date, higher cost

The expansion will nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day, but has been plagued by years of delays and cost overruns.

Read More

Valuable Resources

• BIC Photos: VEGA Americas office tour
• BIC Website: M&A/Investment
• BIC Video: Port of Corpus Christi IT director discusses ISO 27001 certification and maritime cybersecurity
• BIC Website: Regulations

Top Jobs of the Week

• Director of Business Development - Houston, TX
• Territory Sales Executive - Environmental - Corpus Christi/Victoria, TX

• Business Development - Atlanta, GA

• Project Manager - Deer Park, TX

See more at BICRecruiting.com

Upcoming Industry Events

• 2024 AFPM Annual Meeting - March 10-12, Grapevine, TX
• The 39th World Petrochemical Conference - March 18-22, Houston, TX

• CERAWeek - March 18-22, Houston, TX

• Industry of Faith Golf Tournament Fundraiser - March 25, Denham Springs, LA

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