Bloomberg Egypt’s Sumed pipeline was designed to pump 2.5 million barrels of Persian Gulf crude from the Red Sea to the Mediterranean every day. Since May, a slump in oil demand and OPEC+ oil production cuts seem to have combined to slash flows to about a quarter of that. Acting as an artery in the global oil trade, the Sumed
360 Feed Wire FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21 billion in cash. The transaction is
Reuters Aug 3 (Reuters) – Royal Dutch Shell’s Australia unit said on Monday it will buy environmental services firm Select Carbon as it seeks to cut back its emissions and expand its low-carbon and renewable power business. Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a
IRVING, Texas , Aug. 2, 2020 /PRNewswire/ — 7-Eleven, Inc. (“7-Eleven”), the premie…
The chemical industry has not fared well this year, yet four stocks in particular have outpaced…
Utility stocks provide a safe haven in downturns with dividend income and stable earnings. If y…
ATLANTA , Aug. 2, 2020 /PRNewswire/ – As Tropical Storm Isaias tracks along the sou…
FINDLAY, Ohio , Aug. 2, 2020 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today a…
FINDLAY, Ohio , Aug. 2, 2020 /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today a…
Forbes Oil & Gas 360 Publishers Note: We have been working on an article “A Balanced Power Plan for Humanity”. Nuclear is only one part of a complete plan to get the lowest kWh to all of the people to help elevate everyone from poverty. Why don’t politicians ever talk about nuclear energy? Except for some Congresspeople firing up their
KOAA DENVER (AP) — A Denver district judge has dismissed a lawsuit by Weld County challenging new state regulations designed to cut oil and gas industry emissions. District Judge Michael Martinez granted a motion by the state to dismiss the case, agreeing with state attorneys that the rules, adopted under a 2019 law that emphasizes public safety and the environment
NBusiness Bankruptcy filings by US oil and gas producers rose to a four-year high in the second quarter of 2020 due to the downturn caused by the coronavirus pandemic, according to Oslo-based Rystad Energy. “Chapter 11 filings for US E&P (exploration and production) companies jumped to a four-year high in the second quarter of 2020, both in terms of the
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