Archives for February 2017
Houston’s Hi-Crush Partners buying Permian Basin Sand Co.
Houston-based Hi-Crush Partners will buy the Permian Basin Sand Co. for $275 million to beef up its sand reserves to service rapidly growing drilling activity in West Texas. Hi-Crush is one of the biggest oilfield...
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Wood Group PSN to pay penalties in connection with fatal offshore platform fire
NEW ORLEANS — An oil industry services company will pay $9.5 million in penalties for Gulf of Mexico safety violations and for pollution from a 2012 offshore platform fire that killed three workers. The penalties...
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U.S. oil inventories rise again, while fuel stockpiles fall
The nation’s glut of crude oil rose again this past week, but the small increase was more than offset by shrinking inventories of refined products like gasoline. U.S. oil inventories grew by 600,000 barrels, but...
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Market Currents: Asian demand drawing oil from far and wide
After a bullish-tilted weekly EIA report, crude is holding onto gains – and once again bumping its head on the top of its trading range. As OPEC cuts and rising shale continue to do battle,...
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Energy Transfer to expand in Mont Belvieu with $385 million project
Dallas-based Energy Transfer Partners said it plans to expand its Lone Star campus east of Houston in Mont Belvieu with the addition of a $385 million fractionator and storage system. Energy Transfer said it’s responding...
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