Archives for February 2017
Enbridge, Spectra to close on merger next week
The Canadian pipeline company Enbridge said Wednesday that it close its acquisition of Houston-based Spectra Energy next week after clearing all regulatory hurdles. Enbridge said it received approval of Canadian Competition Bureau and will complete the...
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Noble Energy, partners approve $3.75 billion Israeli project
Houston-based Noble Energy and its partners approved the $3.75 billion Leviathan natural gas project offshore of Israel on Thursday. The long-delayed project was debated in the Israeli Supreme Court before finally being authorized by the...
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Big oil urges Trump to hold course on ethanol “point of obligation”
The oil industry’s largest lobbying group urged President Donald Trump Wednesday not to move responsibility for meeting the federal ethanol mandate away from oil refineries, arguing it would further complicate an already “broken system.” “Moving...
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The U.S. is transitioning into a natural gas exporter
The United States is on track to become a net exporter of gas next year, driven largely by the growth of liquefied natural gas exports, according to the U.S. Energy Department. The U.S. started exporting...
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Market Currents: Lower refinery runs supportive of gasoline, less so of crude prices
Crude prices are selling off today as gasoline holds up relatively better, as refiners playing ‘pass the parcel’ of bearishness betwixt the two. As refiners make economic run cuts due to lower profit margins, gasoline...
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