Downstream Real Estate Reflects 'Silver Lining' in Oil and Gas
Cheap hydrocarbon feedstocks are contributing to a boom in the U.S. downstream oil and gas real estate market, according to a new report from the financial and professional services firm JLL.
In its recently released 2016 North American Energy Outlook, JLL attributes the healthy downstream real estate market to 268 projects valued at $170 billion that are either planned or underway in regions such as the Gulf Coast and Appalachia. Some of the more prominent projects include Sasol's ethane cracker in Southwest Louisiana, Shell Chemical's ethane cracker in western Pennsylvania, Chevron Phillips Chemical's U.S. Gulf Coast Petrochemicals project in Texas and PTTGC America's ethane cracker in Ohio.
During a recent conversation with DownstreamToday, Eli Gilbert, energy research director with JLL's Americas Research unit, elaborated on some key findings from the report and explained how the boom in downstream real estate is helping to offset losses in the upstream market and is benefiting other sectors of the economy. Click on the audio clip below to listen to the discussion.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally