Archives for October 2018
Interior Department approves oil and gas facility in Alaska federal waters
U.S. Secretary of the Interior Ryan Zinke on Wednesday announced that his department has issued conditional approval to Hilcorp Alaska LLC for what could be the first oil and gas production facility in federal waters...
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Exxon sued by N.Y. for deceiving investors on climate change
A few months ago lawyers for Exxon Mobil Corp. stood before a judge and told New York’s attorney general to “put up or shut up” after investigating the company’s public disclosures about climate change, saying...
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Crude inventories rise, but less than some projections
The nation’s stockpile of commercial crude oil rose by 6.3 million barrels last month, but the jump was more than offset by declines in the storage of gasoline, distillate fuel oil and other products. Source:...
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Iran sanctions could spell uncertainty for oil and gasoline prices
The resumption of U.S. sanctions on Iran will add “significant uncertainty” to price forecasts for crude oil and gasoline in 2019, U.S. Energy Department said Wednesday. Source: FuelFix
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CenterPoint pipeline business buying Velocity Midstream for $442M
CenterPoint Energy’s pipeline company continues to expand nationwide, agreeing to acquire Oklahoma’s Velocity Midstream for more than $440 million. Source: FuelFix
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