Archives for April 2017
Methane detection jobs booming
A new industry is emerging out of the fight to stop gas leaks in the nation’s oil wells, pipelines and storage tanks. At least 75 firms across the country now work to detect, stop and...
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IEA warns of resurgent US oil, slower demand growth
Even though OPEC is trying to contain the oil glut, production is set to increase worldwide this year, the International Energy Agency said Thursday. In its monthly report, the IEA said oil production could rise...
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Conoco to sell San Juan Basin stake for $3 billion
ConocoPhillips plans to sell its stake in the natural gas-rich San Juan Basin to Hilcorp Energy for as much as $3 billion, the company said Thursday. The Houston oil explorer said its 1.3 million acres...
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Crude oil inventories take a bullish dip
The energy sector received bullish inventory data Wednesday as the nation’s stockpiles of crude oil and refined fuels fell. A week after hitting a record-high level of crude storage, U.S. commercial oil inventories fell...
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NuStar buying Navigator Energy for $1.5 billion
San Antonio-based NuStar Energy is buying Navigator Energy Services for $1.5 billion to establish its pipeline presence in West Texas’ Permian Basin. The Permian is booming again and NuStar is seeking to build a foothold there...
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