News
Drilling wastewater caused Texas earthquakes, according to space-based radar
By Seth Borenstein Associated Press Scientists used radar from satellites to show that five Texas earthquakes, one reaching magnitude 4.8, were caused by injections of wastewater in drilling for oil and gas. In 2012 and...
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Market Currents: Colonial pipeline outage leaves imbalanced gasoline markets
After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is being further encouraged by a weakening dollar in the aftermath...
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Downturn shifts to pipeline companies
Oil and gas executives think the industry downturn is on its way out for producers and drillers, but, perhaps, getting worse for pipeline companies. Almost two-thirds of the industry professionals contacted in consulting firm Deloitte’s...
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Trump, Clinton offer policies that could hamper energy sector
Both of their oppositions to the pending Trans-Pacific Partnership could harm international trade with Asia, while Trump’s plans to renegotiate the North American Free Trade Agreement would cause further harm, the report said. Source: FuelFix
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Exxon to pay $12 million in Yellowstone spill
BILLINGS, Mont. — Exxon Mobil Corp. will pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons of crude into Montana’s Yellowstone River and prompted a national debate over lax...
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