Republican members of the US House of Representatives proposed a series of policy changes to tackle excessive regulations, develop more American energy, and curb lawsuit abuse as a third plank in their “Better Way” for the next administration. Source: News
US crude stocks fell 900,000 bbl last week, EIA reports
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 900,000 bbl during the week ended June 10 compared with the previous week, the US Energy Information Administration reported. Source: News
Par Pacific inks deal for Wyoming refinery, related assets
Par Pacific Holdings Inc., Houston, has agreed to acquire Black Elk Refining LLC subsidiary Wyoming Refining Co., which operates a refinery in Newcastle, Wyo., and through its wholly owned subsidiary Wyoming Pipeline Co. LLC, related logistics assets in the region. Source: News
MARKET WATCH: Oil prices falling on New York, London markets
Light, sweet crude oil prices continued dropping on the New York market as did Brent crude oil prices on the London market June 14, which analysts attributed in part to a strengthening US dollar. Source: News
15 Jun 2016 10:54:50 EDT – The latest stock information is now available for your stocks
XOM Last 90.14 Change –0.29 % Change 0.32% Volume 2,600,416 As of: 15 Jun 2016 10:54:50 EDT View: Stock Quote | News CVX Last 100.68 Change –0.60 […]
Calily to lead Mubadalla’s energy platform
Ahmed Saeed Al Calily has been appointed chief executive officer of the energy platform of Mubadala, Abu Dhabi’s state-owned investment company. Source: News
15 Jun 2016 9:55:38 EDT – The latest stock information is now available for your stocks
XOM Last 90.08 Change –0.35 % Change 0.39% Volume 798,207 As of: 15 Jun 2016 9:55:38 EDT View: Stock Quote | News CVX Last 100.315 Change –0.965 […]
E&Y: US producers’ oil reserves plunged 12% in 2015
A year characterized by persistently low crude oil and natural gas prices, decreased capital expenditures, and falling revenues included dramatic downward reserve revisions by the 50 largest exploration and production firms in the US, according to Ernst & Young LLP’s US oil and gas reserves study 2016. Source: News
TransCanada-IEnova JV to build 2.6-bcfd Texas-Mexico pipelines
Infraestructura Marina del Golfo (IMG)—TransCanada Corp.’s joint venture with Sempra Energy subsidiary IEnova—will build, own, and operate the 42-in. OD, 497-mile Sur de Texas-Tuxpan natural gas pipeline in Mexico. A 25-year gas transportation service contract for 2.6 bcfd with Comision Federal de Electricidad (CFE), Mexico’s state-owned power company, supports the project, expected to enter service […]
New England senators, witness question pipeline financing practices
Two US Senate Energy and Natural Resources Committee members from New England joined a witness from the Environmental Defense Fund in questioning how major natural gas pipeline projects are financed. Markets and priorities have changed to a point that relying on purchasers’ capacity commitments to raise construction capital may no longer be appropriate, they said […]