Two of the largest oil companies in the U.S. and the world are expanding their assets, with both recently announcing massive acquisitions.
The company said its production in the Basin would more than double to the equivalent of 1.3 million barrels of oil per day, as it now has access to more than 850,000 new acres inThat deal is significant because Hess not only has assets in the U.S., like the Bakken Area of Western North Dakota, Eastern Montana and Southern Saskatchewan in Canada, it also has a 30% stake in a massive oil field in Guyana, so that control now goes to Chevon.
Fuel must be able to evaporate, as that’s how a car engine works, and companies measure that ability with a measurement called “. Winter fuel blends are made to have a higher RVP so the fuel can still evaporate in cold temperatures; meanwhile, summer gas has a lower RVP to prevent too much evaporation.
One thing to note is the lower-cost winter gas also contains slightly less energy, so fuel efficiency may go down. April to June is known as the “ Additionally, there is a drop in demand because people are driving less and because of that, the refinery issues in the summer are a thing of the past.
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