News
OPEC revenues fall to lowest level in a decade
Revenues at the Organization of the Petroleum Exporting Countries fell to $433 billion in 2016, their lowest level since 2004, according to a report Friday by the U.S. Energy Information Administration. That represented a 15...
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Traffic in Houston Ship Channel keeps rising
Total traffic at Port of Houston rose slightly last year, according to data recently released by the port. Deep water arrivals there, at the Port — such as the large tankers piloted up the channel...
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Noble Energy sells stake in Marcellus pipeline company for $765 million
Noble Energy plans to sell its stake in a company that operates pipelines in the gas-rich Marcellus Shale for $765 million in cash, the company said Thursday. The Houston oil company said it would sell...
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Storage company Vopak fined for chemical emissions
Vopak Logistics Services USA, part of the Dutch chemical storage company Royal Vopak, was fined $2.5 million for violations of the Clean Air Act, the U.S. Environmental Protection Agency said on Wednesday. The EPA claims...
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Exxon Mobil plans to open gas stations in Mexico
Exxon Mobil said it will open a string of retail gas stations in Mexico later this year under the Mobil brand name. The nation’s largest energy company said it intends to capitalize on Mexico’s move...
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