XOM Last 81.695 Change +0.005 % Change 0.01% Volume 2,238,083 As of: 17 Apr 2017 11:56:53 EDT View: Stock Quote | News CVX Last 106.045 Change –0.055 […]
Ineos to acquire BP's Forties pipeline, Kinneil terminal
Ineos has agreed to acquire the 575,000-b/d Forties pipeline system (FPS) and associated pipelines and facilities from BP PLC for as much as $250 million. Source: News
Oil products thefts need attention, AC report says
Thefts of refined oil products require more attention because they help bankroll criminal activity and encourage government corruption while threatening motorists’ health since ingredients used to dilute the fuel and increase volumes can be unusually toxic, a new Atlantic Council report said. Source: News
World Energy Council report identifies 2017's global issues trends
Commodity prices will remain the single biggest global issue as demand peaks approach and multinational oil companies begin to consider directing their capital elsewhere, the World Energy Council said in its 2017 Energy Issues Monitor. Source: News
AFPM challenges STB’s dismissal of tank car surcharge complaint
The American Fuel & Petrochemical Manufacturers petitioned the US Appeals Court for the District of Columbia to review the US Surface Transportation Board’s (STB) dismissal of the trade association’s complaint against BNSF Railway Co.’s surcharge on DOT-111 tanks cars carrying crude oil. AFPM considers the surcharge unlawful. Source: News
EIA forecasts higher US oil production in 2018
In its latest Short-Term Energy Outlook the US Energy Information Administration forecasts US crude oil production to average 9.9 million b/d in 2018, which is 200,000 b/d higher than in the previous forecast. Source: News
Defending work
Tempting as it would be to ignore activism planned by environmentalists in the US this month, the oil and gas industry should pay attention. Source: News
Oil migration: west to east
As US shale production continues to ramp up, a dramatic migration of crude from west to east resumes and accelerates. Source: News
USGS sees big Bossier, Haynesville potential
The Upper Jurassic Bossier and Haynesville formations along the US Gulf Coast together represent a mean undiscovered, technically recoverable natural gas resource of 304.4 tcf, according to the US Geological Survey. Source: News
Pence’s Alaska stop includes discussion about state’s LNG project
US Vice-President Mike Pence met with Alaska Gov. Bill Walker and Alaska Gasline Development Corp. Pres. Keith Meyer in Anchorage on Apr. 15 en route to Asia. “We had an excellent discussion with [him] about the Alaska LNG project,” Meyer said following the meeting. Source: News