Archives for 2017
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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Phillips 66 drops Zachry Industrial, hires Wood Group
Refining and petrochemical company Phillips 66 co., based in Houston, has dropped the industrial services and construction company Zachry Industrial as general maintenance contractor at the Sweeny Refinery in Old Ocean, about 65 miles southwest...
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Feds say new Permian pipelines “should accommodate” rising production
New pipelines in the Permian Basin should have enough capacity to “accommodate” rising oil production in the Permian Basin, the U.S. Energy Information Administration said in a report Tuesday. A lack of infrastructure between West...
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