From Globe News Wire
Meridian Energy Group, Inc., the leading developer of innovative and environmentally-compliant oil refining facilities, announced today that the North Dakota Department of Health (“NDDoH”) – Air Quality Division has issued the Permit to Construct (“PTC”) for …
From Business Wire
Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, today announced it is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (BPD) natural gas liquids …
From PR News Wire
H2O Midstream recently completed construction of the first commercial, “truck-free”, produced water storage and disposal hub in the state of Texas. The Railroad Commission of Texas issued H2O Midstream the commercial permit for one million barrels …
From Reuters
Exxon Mobil Corp (XOM.N) is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business.
The development is …
From Reuters
AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, dealing a blow to U.S. President Donald Trump’s administration which tried to block the deal and likely setting off a …
From Globe NewsWire
Precision Drilling Corporation (“Precision”) (TSX:PD) (NYSE:PDS) announced today that it expects to complete on June 15, 2018 a partial redemption of US$50 million principal amount of its 6.50% senior notes due 2021. In addition, Precision has made …
From Reuters
Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.…
From Business Wire
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together …
From Reuters
The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a …
From Reuters
Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a G7 communique.
Trump’s announcement …
Santiago Rivera earns around six figures hauling water in America’s hottest oil field. He was at a truck stop in Midland, Texas, last month when a man in a gray polo shirt walked up and …
From Bloomberg
The recent surge in the price of oil is set to propel global inflation faster than historically and by more than investors are anticipating, …
From Reuters
NEW YORK (Reuters) – Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month.…
The price of Brent crude rose Wednesday after output from OPEC member Venezuela came into renewed doubt, enhancing worries over global supply.
Brent crude, the global benchmark, rose 0.3% to $75.62 a barrel on London’s …
From Reuters
LONDON (Reuters) – A new umbrella contract meant to streamline trading of liquefied natural gas (LNG), bogged down in red tape and wrangling over terms, could boost liquidity, draw in new entrants and speed up the market’s transition …
From Daily Energy Insider
The House Natural Resources Committee held a hearing last week …
From US News
President Trump’s most recent move, an announcement last week that his administration will once again try to prop up ailing coal and nuclear plants, drew …
From Business NewsWire
Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced Geoffrey R. King, Vice President and Chief Financial Officer of Abraxas, submitted his resignation on June 4, 2018 to pursue another opportunity in the financial sector.…
From Canada NewsWire
Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce that the nominees listed in its information circular dated April 20, 2018 were elected as directors of Tourmaline at its annual and special meeting …
From Reuters
RIO DE JANEIRO (Reuters) – Norway’s Equinor ASA and other oil majors bet big on pre-salt blocks in Brazil on Thursday, grabbing stakes in some of the world’s most alluring offshore geology despite renewed concerns about political meddling …
From Globe NewsWire
TGS announces its seventh onshore seismic project for 2018, Dawson Phase II 3D seismic survey in Canada.
The Dawson Phase II 3D multi-client seismic survey is located in the province of British Columbia, Canada, east of TGS’ …
From Globe NewsWire
Chaparral Energy, Inc. (OTCQB:CHPE) today announced that it has expanded its board of directors from seven to eight members and has appointed David Geenberg as a new independent member of the board, effectively immediately. Chaparral’s board, with …
From CCJ
Freightliner Trucks on Wednesday tossed its hat into the electric heavy truck ring, debuting two fully electric commercial trucks during the Daimler Trucks Capital …
From Business NewsWire
Devon Energy Corp. (NYSE: DVN) announced today that shareholders have elected John Krenicki Jr. to the board of directors. The board previously nominated Krenicki, and shareholders approved his selection at the company’s annual meeting today, during which …
From Reuters
Oil prices fell on Wednesday on worries that global supply is climbing after U.S. inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output.
U.S. crude inventories rose 2.1 million barrels in …
From Business NewsWire
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of its $500 million aggregate principal amount of 4.20% senior notes due 2023, $1.0 billion aggregate principal amount of 4.95% senior notes due 2028, $500 million aggregate …
From Business NewsWire
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that Roy “Ernie” Easley, Senior Vice President – Exploration and Development of CH4 Energy, has been appointed to Northern’s board of directors.
“The entire board joins me …
From CCJ
Shell Lubricants and Airflow Truck Company announced the results of the Starship Initiative demonstration run, a six-day, 2,410-mile trip along Interstate 10 from San Diego to Jacksonville, Fla.
While the Starship’s fuel economy averaged 8.94 mpg, it achieved …
From Asharq Al-Awsat Newspaper
Casablanca – Saudi Arabia’s ACWA Power Group is putting the finishing touches on the second and fourth stations of the giant Noor Ouarzazate Solar Power Complex before they are officially run in the coming days.
When …
