BHI: US rig count begins 2016 with 34-unit dive

The overall US drilling rig count began the year with its largest decline since last April, plunging 34 units to 664 during the week ended Jan. 8, according to Baker Hughes Inc. data. Source: News


Limetree Bay Terminals finalizes deal for St. Croix refining complex

Limetree Bay Terminals LLC (LB Terminals), an 80-20 joint venture of ArcLight Capital Partners LLC, Boston, and partner Freepoint Commodities LLC, Stamford, Conn., has finalized agreements with Hovensa LLC and the US Virgin Islands for the purchase and planned restart of idled storage terminals, refining units, and marine systems at Hovensa’s idled refinery at Limetree […]


Statoil halts gas leak at Karsto processing plant

Statoil ASA reported that it has stopped a natural gas leak that occurred during the evening of Jan. 7 at the Karsto processing plant north of Stavanger. Source: News