Archives for 2017
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...
Click here 0 2,955
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...
Click here 0 2,956
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,...
Click here 0 3,019
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...
Click here 0 2,990
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...
Click here 0 2,985
