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The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
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One side of the plexiglass cube painted live at OTC by Houston artist Gonzo247. Below in front of the cube is a custom sign made for the 50th OTC in Houston held in May 2018. Offshore Technology Conference, the flagship OTC event, is the largest oil and gas sector trade show in the world. [13] [14] The first OTC was held in Houston, Texas in ...
GM – gas migration; GOC – gas oil contact; GOM – Gulf of Mexico; GOP – geological operations report; GOR – gas oil ratio; GOSP – gas/oil separation plant; GPIT – general-purpose inclinometry tool (borehole survey) [16] GPLT – geol plot log [clarification needed] GPTG – gallons per thousand gallons; GPM – gallons per Mcf ...
FPSOs can be a conversion of an oil tanker (like Seawise Giant) or can be a vessel built specially for the application. A vessel used only to store oil (without processing it) is referred to as a floating storage and offloading (FSO) vessel. The first of a related type, floating liquefied natural gas vessels, went into service in 2016.
Coastal produced and marketed petroleum, natural gas, electricity, and coal.It also sold gasoline at Coastal-branded gas stations. By 1999, Coastal Refining and Marketing operated 962 gas stations in 33 states and was supplied by four refineries, including a 150,000 bbl per day refinery in Corpus Christi, Texas, a 180,000 bbl per day refinery in Eagle Point, New Jersey, a 250,000 barrel per ...
In the 1990s, the company designed and built the Rail King railcar mover, was awarded a contract to build $1.2 billion of 2.5 and 5-ton trucks for the U.S. Army, purchased Foley Valves – an oil field equipment supplier, acquired PAMCO – Waukesha gas compression & generating equipment, and signed an agreement with European Gas Turbines Ltd ...
Operating as Houston Refining, LP, LyondellBasell's Houston refinery is a 268,000-barrel-per-day (42,600 m 3 /d) refinery located on the Texas Gulf Coast in Houston that occupies 700 acres (2.8 km 2) along the Houston Ship Channel.