HOUSTON BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said.
The National Transportation Safety Board said on Thursday that utility company NiSource Inc failed to adequately draft and oversee natural gas pipeline work orders and those lapses led to deadly blasts in three Massachusetts communities in September.
HOUSTON, Nov 15 U.S. Gulf Coast crude oil
imports in October fell to the lowest level in more than a year
as the nation's production and exports soared, data from
Refinitiv Eikon and market intelligence firm Kpler show.
NEW YORK/HOUSTON Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.
HOUSTON, Nov 9 Some of the biggest pipeline
operators in the United States have supercharged earnings this
year by buying deeply discounted shale in West Texas oilfields
and selling it at a premium at Gulf Coast ports.
NEW YORK/HOUSTON A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields.
MEXICO CITY/HOUSTON Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows.
HOUSTON Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street's biggest drop since 2011 and as Saudi Arabia's energy minister signaled major producers may have to intervene in crude markets to support prices.
HOUSTON Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said on Wednesday.
NEW YORK The upcoming startup of an expanded crude pipeline from the Permian Basin to Cushing, Oklahoma has rapidly strengthened oil prices in West Texas while weighing on futures as traders expect stockpiles to rise in Cushing, the delivery point for the benchmark contract.