Archives for May 2017
BP fires up first gas fields in $12 billion Egypt project
BP has fired up two natural gas fields in the Mediterranean Sea near Egypt, the start of a $12 billion development expected to supply nearly a third of the African country’s gas in coming years....
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Plains All American raises spending by $100 million
Plains All American Pipeline LP raised its projected spending for 2017 by $100 million and said it now expects to spend $900 million on growth projects, the Houston Business Journal reported. RELATED: Judge throws out...
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U.S. crude oil stockpiles take a steady dip
The nation’s supply of commercial crude fell by 5.2 million barrels last week, possibly helping to stem the tide of sinking oil prices. Rising U.S. oil production from onshore shale plays like West Texas’ Permian Basin...
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Senate vote leaves Obama methane rule intact
WASHINGTON – Senate Republicans were dealt a blow Wednesday in their bid to overturn a controversial Obama-era regulation limiting the amount of methane that can be vented and flared from oil and gas drilling sites...
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Latest shale boom could put push U.S. oil output to record
U.S. crude production forecasts keep growing. The Energy Information Administration said domestic output will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to...
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