Archives for 2018
BP reaps fivefold rise in quarterly earnings
LONDON – BP’s fourth-quarter earnings increased fivefold as it benefited from higher oil prices, increased production and lower costs. Underlying replacement cost profit jumped to $2.1 billion from $400 million in the same quarter a...
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Seattle activist sentenced in 4-state oil pipeline protest
BISMARCK, N.D. – An environmental activist from Seattle was sentenced Tuesday to serve one year in prison for targeting an oil pipeline. Michael Foster, 53, cut through a chain link fence and turned a shut-off...
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Anadarko posts $1 billion profit from tax law, cuts spending
The Woodlands’ Anadarko Petroleum reported a nearly $1 billion quarterly profit from benefits gained from the new U.S. tax law, covering up what would’ve been a small financial loss otherwise. Source: FuelFix
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ExxonMobil begins commissioning Baytown ethane cracker
ExxonMobil is commissioning its new ethane cracker in Baytown as part of a multi-billion expansion that will dramatically boost its plastics production. Source: FuelFix
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U.S. oil production estimated at record 10.2 million barrels daily
U.S. oil production in January likely averaged a new record of 10.2 million barrels a day, the Energy Department estimated Tuesday. Source: FuelFix
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