Archives for August 2018
Exxon Mobil, Hess make another discovery by Guyana
Exxon Mobil and Hess Corp. said Thursday they’ve made their ninth oil discovery in the developing offshore fields of Guyana as Exxon continues to bank a chunk of its future in northeastern South America. Source:...
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Oil seen getting $4 a barrel boost on tough new ship-fuel rules
New regulations to curb pollution from the world’s shipping fleet could lift crude prices by $4 a barrel when the measures come into effect in 2020, according to a Bloomberg survey of 13 oil industry...
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Company starts up Permian crude oil-by-rail terminal
A crude oil transport company has inked an agreement to start rail shipments out of its West Texas facility. Source: FuelFix
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Genesis Energy sells pipeline assets for $300M in emerging shale play
Houston’s Genesis Energy is selling its Powder River Basin pipeline assets in Wyoming for $300 million. Source: FuelFix
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Oil trades near highest in a month after U.S. stockpiles decline
Oil in New York traded near the highest closing price in a month after U.S. crude inventories declined by more than analysts forecast and as political tensions in the Middle East persisted. Source: FuelFix
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